AEG recently completed a Chief Restructuring Officer engagement, leading a Southeast-based automotive tooling business through a restructuring and sale. With the Company facing a severe liquidity crisis and overburdened with debt, the AEG team worked quickly to rationalize operations, stabilize the business and keep its supply chain active. Without additional capital available to support the business, AEG believed the long term core strengths of the business, including an extensive installed base of production machines and a strong reputation for quality tooling, was sufficient to attract potential acquirers. Moving under extreme time pressure, AEG worked closely with the Company’s secured lender to complete the sale via an Article 9 foreclosure process – providing a more cost efficient, timely and certain path to the transaction. Despite two potential acquirers stepping away at the closing table, AEG was able to extend the operating runway to close the acquisition by a foreign based, strategic buyer.
AEG Partners was recently retained by a Southwest-based construction contractor facing liquidity issues and a highly leveraged balance sheet. With multiple major customers simultaneously working on delayed projects combined with significant volatility in its invoicing and collection process, AEG assisted the company in improved job bidding procedures as well as creating better visibility for upcoming cash requirements. This effort has created the runway for AEG to assist the company with its sale negotiations to a strategic buyer.