Jacob North Printing Company – The company was operating in chapter 11 for over four months when SC&H Capital was retained. The secured creditor was severely underwater, sales had dropped significantly, and a liquidation was imminent. The owner wanted to explore going concern options in a very short period of time in the hopes of avoiding a liquidation and maintaining operations.
Within five weeks of being retained, SC&H quickly completed an exhaustive marketing process which culminated in competitive bidding between two going concern buyers. After numerous rounds of bidding, an entirety offer was selected that maintained operations in place, saved dozens of jobs, and provided recovery to the estate that far exceeded liquidation estimates. The business continues to operate under new ownership without a single day of interruption for clients or employees, and the owner was relieved of all personal guarantee exposure.
