AEG Appointed Receiver for Oil and Gas Related Firm
AEG was recently appointed Receiver to drive resolution of a series of issues facing this Gulf Coast-based operator serving the oil and gas sector. The main secured lender moved to appoint a receiver after the Company’s performance steadily declined in the face of significant litigation, a protracted sale process, and the sharp downdraft in the oil and gas sector. AEG’s team moved quickly to determine the liquidity necessary to keep the business operating while dramatically reducing the operating cost structure, positioning the Company to best monetize assets.
AEG Partners Assists Construction Firm
AEG Partners is serving as restructuring advisor to a closely held, southeast based provider of building products and installation services to major construction contractors. AEG’s role has been to assist the company in evaluating the liquidity issues as well as to identify and address persistent operating challenges. At the same time, AEG has defined the strategic options available to the company, led negotiations with the company’s key lenders, and ultimately led the sale process for the company.
