Representative Transactions

SealMaster has continued operation through a transaction with an affiliate of the franchisor

TRANSACTION LEADERS

FLORIDA PAVEMENT COATINGS, INC. and SOUTH FLORIDA PAVEMENT COATINGS, INC. – These two SealMaster® franchises with exclusive, protected rights to the majority of Florida, were unable to continue servicing their debt and had fallen behind on franchise fees. With no way to continue operations in its current form, the companies were forced to file for Chapter 11 protection. Ownership had pursued a sale with a group backed by the franchisor, but after weeks of negotiations they were unable to complete a sale. The secured creditor was out of patience and pushing to lift the stay. SC&H Capital was retained and convinced the lender to hold off for 45 days to allow us to complete a marketing process.

After just 7 weeks, SC&H Capital conducted an auction among 5 qualified bidders and after 19 rounds of bidding and a 76% increase to the initial offer, the assets were sold to the franchisor to maintain operations. The court approved the sale and closing occurred less than 10 days later.