Independence Corn By-Products, Inc. – SC&H Capital was hired by this forty-year-old, Iowa-based corn cob processor to solicit offers for the company. With very few assets relative to its debt, three main competitors stood out as being the only logical buyers. Completing a deal quickly was critical as contracts for the full season’s supply of … Read more
CREATIVE FOODS LLC – Due to the loss of a major customer representing 50% of revenue, this 60 year old food processor was forced into a Chapter 11. With the company operating in Chapter 11, SC&H Capital was retained to maximize the value of the assets and complete a sale within 90 days. SC&H Capital … Read more
BIODIESEL OF MISSISSIPPI – This shutdown biodiesel refinery was 5 months into Chapter 11 when SC&H Capital was retained. Our retention prevented a conversion to a Chapter 7 liquidation and the court allowed us a short window to pursue going concern offers. While the debtor failed to demonstrate any real production capacity, SC&H Capital generated … Read more
Amcast Automotive – Due to the loss of its GM business, this cast aluminum wheel maker filed chapter 11 and planned for the shutdown of its two plants in Indiana with combined sales of $120 million annually. SC&H Capital was retained to run a formal bid process. SC&H quickly generated eleven offers, and as a … Read more
Techspace, Inc. – This manufacturer of prefabricated modular laboratories was insolvent. SC&H Capital sold the company as a going concern within 3 months to a company that had purchased other SC&H Capital deals in the past. As a result, the recovery to creditors was maximized in a way that could not have been achieved through … Read more
John Cope’s Food Products, Inc. – This 100-year-old frozen vegetable processor had recently emerged from chapter 11 but was not adequately funded and had seen sales deteriorate significantly. The secured creditor sought a liquidation and a bankruptcy filing was looming when SC&H Capital was retained. SC&H obtained a 60-day forbearance from the secured creditor, avoiding … Read more
Vessel Systems, Inc. – A leader in the design and fabrication of a broad range of large pressure vessels, including high pressure vessels requiring special materials. The company’s profits had deteriorated greatly due to poor management, high steel prices, and increased debt service. With the bank threatening to foreclose, SC&H Capital was retained by the owners and given … Read more
Quantegy Inc. – This manufacturer of magnetic tape was the last producer of professional analog audiotape in the world when it was sold. The business sustained substantial losses as the customer base moved to alternative digital media and after its sales shrank from more than $100 million down to less than $30 million, the company filed for protection … Read more
STRUTHERS INDUSTRIES – This fabricator of feedwater heaters, fired heaters, and other large steel cylinders had been in Chapter 11 for several years. Sales had deteriorated substantially, many employees were gone, and its two plants were barely operating. A conversion to Chapter 7 was looming just weeks away when the Debtor retained SC&H Capital. The … Read more
Wellington Leisure Products, Inc. – Shortly after filing chapter 11, this $120 million per year, consumer goods company retained SC&H Capital as its exclusive investment banker to sell off its various divisions (manufacturers of cordage, synthetic webbing, life vests, wood furniture, hunting scents, and skis), located in fifteen plants around the U.S. The businesses were plagued by heavy financial losses and alleged fraud. SC&H generated … Read more
Cains Pickles, Inc. – Owned by Gedney Pickle, Inc. of Minnesota, this $50 million per year manufacturer of pickles, relishes, and other related items enjoyed the number one retail brand in New England but was losing money in its foodservice business and had announced that it was closing the South Deerfield, Massachusetts plant in sixty … Read more
Florida Computerized Machining, Inc. – SC&H Capital was retained by this machine and fabrication shop in Chapter 11. A “Newco” was formed, consisting of the existing shareholder and an investor, to purchase the company out of bankruptcy. SC&H’s broad marketing process proved this was the highest and best option available and, on the day of the sale hearing, SC&H negotiated settlements with six separate leasing companies and the secured creditor, reducing … Read more
