Cosmos Granite & Marble – A decline in sales and a dispute among ownership forced the parent company of this North Carolina and Missouri, granite and marble distributor into receivership. SC&H Capital was hired by the receiver and quickly began to market the company for sale.
Dozens of groups expressed an interest in the opportunity, including some of the larger national and regional countertop distributors. Within 45 days of being retained, SC&H conducted a lively going concern auction with four participants. Following 16 rounds of bidding, Justh Holdings ended up as the highest and best offer at a purchase price that doubled the initial bid. Following a quick close, the business continues to operate today, the lender was paid in full, and most liabilities were assumed.