E-BOX, LLC (“E-BOX”) – Founded in 2002 in Memphis, Tennessee, E-Box is a leading roll-off dumpster rental company with a robust fleet designed to accommodate the removal and/or recycling of construction and demolition (“C&D”) materials. For the past 20 years, E-BOX has had a history of providing high-quality services to an extensive list of residential and commercial contractors and to the general public.
Just prior to partnering with SC&H Capital, the Company’s owner, who oversaw all operational aspects of the company, suddenly passed away. While the employees’ average tenure was roughly 12 years, none had been trained to immediately assume a managerial role and delegate the responsibilities of the late owner. As a result, the owner’s family subsequently filed for Chapter 11 bankruptcy protection to provide a runway to identify a buyer to continue to service the Company’s customer base and leverage the valuable team of current experienced employees.
In November 2022, by order of the U.S. Bankruptcy Court, Western District of Tennessee, SC&H Capital’s Special Situation team was retained as the exclusive investment banker to seek a buyer of the Company (or its assets) that would allow operations to continue.
Our team conducted an exhaustive marketing process that generated significant market interest and seven bidders to participate in an auction of the Company’s assets, six of which sought to operate the business as a going concern. The auction culminated in a successful bid from K&S TE, LLC that nearly doubled the initial stalking horse bid which netted the estate a higher-than-anticipated recovery.