MallyGirl, LLC – This international cosmetics brand had seen sales grow exponentially over the prior three years, but an inability to manage inventory had left the company cash-constrained and unable to service its debt. Ownership had obtained an offer to sell the company, but unsecured creditors forced the company into an involuntary chapter 7 before … Read more
Prima Die Casting, Inc. – This custom manufacturer of high-quality tooling and high pressure die castings had operated profitability for decades but was hit hard by sequestration and the collapse of the automotive industry. The company lost a major customer to China, and sales declined rapidly over three years. In addition, current revenue could no longer support … Read more
Howard Finishing, LLC – This industry-leading provider of coating and plating services to the automotive industry successfully operated two facilities outside of Detroit for years. After the automotive market crash of 2008, the company found itself under forbearance with its lender of 20 years. The debt was refinanced, but because this new lender was unfamiliar with the … Read more
Production Engineering, Inc. – SC&H Capital was hired to solicit offers for this 40-year old Michigan-based machine shop, which specializes in producing drivetrain, steering components, and assemblies for heavy truck, construction, and material handling equipment. With sales declining from a high of $40+ million, the company was losing money and in default under its secured … Read more
EuroPlast, Ltd. – This Wisconsin-based plastic injection molding company had emerged from bankruptcy eight months prior but was unable to fulfill its plan of reorganization due to the loss of a major customer. With a liquidation looming, SC&H Capital was retained to quickly determine if a going concern sale could be completed. SC&H quickly performed … Read more
Gaspari Nutrition, Inc. – With sales falling rapidly, this premium sports nutrition company faced imminent closure or an involuntary bankruptcy filing due to creditor pressures. SC&H Capital was retained to facilitate a sale of substantially all of the company’s assets. In order to obtain continued funding from the senior lender, SC&H immediately brought in a … Read more
Prime Choice Foods, Inc. – This family-owned, Virginia manufacturer of snack food items, specifically corn and specialty tortilla chips, had lost several key customers over a short period. The company was forced to shut down one facility and was having difficulty supporting the overhead and debt of the remaining two. The company was operating in … Read more
DIXIE-SOUTHERN ARKANSAS, LLC – The parent company of this custom steel-fabricator of large and heavy ASME code vessels, tanks, pipe and other mechanical components had purchased the assets in Arkansas as a way to expand operations and provide a more centrally located facility to ship from. After a successful first year, the second year was riddled with production issues … Read more
Sanderson Plumbing Products, Inc. – SC&H Capital was retained to sell this 130-year-old toilet seat manufacturer after the company had seen its revenues decline from over $50 million a year to less than $30 million and was losing more than $200,000 per month. SC&H’s mandate was to quickly find a buyer for the business before it … Read more
Web Printing Controls Co., Inc. – This Illinois designer and manufacturer of real-time, closed-loop automation equipment saw their lender drastically reduce the eligibility of their collateral. At the same time, orders had dropped significantly and, thinking it was a short-term problem, the company relied heavily on their line of credit to fund operations. The bank … Read more
Russell Johns, Inc. – SC&H Capital was retained to find an investor, joint venture partner, or buyer for this 46-year-old Florida-based publishers’ representative. The creditors of the company were, for the most part, the publishers they represented. The company invested heavily in digital platforms to better position itself for growth and expansion. This investment resulted in a lack … Read more
PRIME PLASTICS, INC. – This plastic blow molding manufacturer experienced embezzlement from a former manager, leaving unpaid employee withholding taxes. This resulted in significant fines and levies from the IRS on the Company’s bank accounts, receivables and customers, which resulted in the company filing for chapter 11 bankruptcy protection and losing all but one customer. … Read more
