GOURMET EXPRESS LLC – This maker of frozen meals and vegetables experienced a significant sales increase and outgrew its facility. Litigation between the shareholders, however, forced the company to seek a buyer and SC&H Capital was retained to run the sale process.
SC&H Capital quickly brought several going concern offers to the shareholders, the value of which provided each shareholder with significant proceeds. Through a plan of reorganization, the business was sold to a private equity group and operations were moved to a new facility as the shareholders had planned. The CEO and Senior VP of Operations accepted employment contracts with the go-forward company, and bought back into equity positions, while the third shareholder accepted a generous cash buyout.