The Company is a global supplier of transportation and rigging services, serving customers across North America.
The project was originally a carve-out from a larger asset by the lenders. The lender's debt was about to expire and it was looking at the best way to monetize the loan.
G2 was engaged by the Company through the lenders to analyze the business, provide commentary around the longer-term management plan, and financial forecast, and develop strategic alternatives for the business
G2 produced a phase I assessment of the operational and financial condition of the business, providing recommendations on a path forward and a risk-adjusted view of management's financial forecast. The Company and lender were able to negotiate an amenable outcome given our independent analysis.