ABOUT THE COMPANY:
The Company provides outsourced supply chain solutions, including omni-channel and e-commerce fulfillment, serving the North American market. The Company offers services through its value-added warehousing, brokerage, and transportation divisions, serving end markets including retail, industrial, and consumables.
SITUATION:
The Company faced contract loss, an underperforming division, and EBITDA totals that failed to meet covenants. A financial restructuring led to the transfer of ownership to its senior lender. As efforts to improve operations failed to generate results, the Lender and the management team at The Company sought a strategic advisor with deep industry expertise.
ENGAGEMENT:
G2 performed a phase 1 assessment that supported negotiations with the Company, owner, and various lenders to architect a balance sheet restructuring.
OUTCOME:
G2's phase 1 assessment aided the Company and its Lenders in their decision to run a formal sales process, which G2 was awarded the contract for.
DEAL TEAM:
TAGS:
Exclusive Restructuring Advisor
Transportation & Logistics
Financial Restructuring
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Exclusive Restructuring Advisor
G2 was engaged as Chief Restructuring Officer (“CRO”). Through the CRO, G2 developed and executed liquidity management tactics for the Company and its stakeholders.
Exclusive Restructuring Advisor
G2 was engaged to facilitate negotiations for more favorable payment terms with key vendors, aiming to optimize cash flow management.
Exclusive Restructuring Advisor
G2 was engaged to perform a Phase 1 strategic alternatives assessment.
Exclusive Restructuring Advisor
The Company engaged G2 as its Chief Restructuring Officer. Through the CRO, G2 developed and executed liquidity management tactics for the Company and its stakeholders.
Exclusive Restructuring Advisor
G2 conducted a rapid Phase 1 Assessment and developed a report that included an assessment of the business, operations, and financial condition of the Company, short-term liquidity, near-term capital requirements, and strategic alternatives.
Exclusive Restructuring Advisor
The Company engaged G2 to assist in building the long-term financial model, a 13-week cash flow forecast, facilitate negotiations between the Company, the sponsor, and the lender group.
Exclusive Restructuring Advisor
G2 was engaged to complete a Phase 1 assessment of the Company’s financial forecasts and its ability to return to pre-COVID levels of financial performance.
Exclusive Restructuring Advisor
G2 conducted a Phase I Assessment focused on liquidity and cash flow management assessment, business and operational strategy review, refinancing options, and strategic alternatives.
Exclusive Restructuring Advisor
G2 worked alongside creditors and management to develop a Phase 1 Assessment. G2 advised the lenders with respect to the financial position of the Company.
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