Beef International, Inc. – Family-owned and operated for over 35 years, this custom manufacturer of premium meat products was experiencing operational and financial difficulties primarily due to the loss of several major customers. The company had made a sizeable investment to increase automation and efficiency but, with the lost revenue, cash flow was strained. With no plans to replace the lost volume, the lender wanted out and ownership was prepared to liquidate when SC&H Capital was approached.
SC&H was retained to quickly facilitate a sale, either through a going concern transaction or bulk asset disposition. After quickly generating significant interest and multiple offers, both the lender and ownership agreed to continue operating while SC&H solicited additional offers.
An offer from a group comprised of existing management from Beef International and some of its vendors was ultimately selected as the highest and best. Closing occurred and operations continued in place, employing over 50 people.