Project Iron City

Exclusive Financial Advisor

Operational Restructuring & Sell-Side

ABOUT THE COMPANY:

Iron City provides material handling and logistics solutions for large companies in the U.S. and internationally. The Company operates rail, truck, and barge transloading locations on various class I and short line railroads.

SITUATION:

The Company was in default on its bank debt. The private equity sponsor and management team determined to sell the business piecemeal and identified three buyers for portions of the business. The sponsor also sought to develop a plan for a wind-down and potential Chapter 7 filing for any operations not included in the sales.

ENGAGEMENT:

G2 was engaged as Iron City’s exclusive Financial Advisor and is responsible for driving the three sale processes to completion and managing the subsequent wind-down and potential Chapter 7 filing. G2 developed numerous contingency plans in the event that one or more of the sales did not proceed.

OUTCOME:

G2 has already successfully closed two of the three sale processes, with the third expected to close this month. While executing these processes, G2 has simultaneously developed a plan for an expedited wind-down and potential Chapter 7 filing of residual operations.