Receiver, Turnaround Consulting, Rents & Profits, Sellside M&A
What began as an assumed liquidation of a consumer goods manufacturer turned into a win-win outcome. Stapleton figured out that one of the company’s three business units was compromising the company’s cash flow. The troubled unit was sold; the debtor refinanced, paying off its original lender in full; the business owner kept his business; and, employees kept their jobs.
Receiver, Home Development, Dispute Resolution, Asset Disposition
A home builder was unable to complete three large track home developments due to insufficient capital and a weak market. Stapleton finished construction and sold the homes, generating proceeds exceeding the lender’s expectations. Many of the homes sold for more than appraised value, despite a weak market. The lender avoided negative press that would have resulted from a foreclosure.
Receiver, Interim CEO, Turnaround Consulting, Sellside M&A
A shuttered business with a $300,000 liquidation value was resuscitated by restructuring an onerous $17 million government liability to less than $1 million. This allowed Stapleton to sell the company’s assets to a strategic buyer. The lender recovered $3.0 million, 10x the forced liquidation value.
Strategic Plan, ABC, Sellside M&A
After multiple years of mismanagement and poor A/R collections, a cabinet manufacturer and carpentry contractor was illiquid and headed toward a Chapter 7 liquidation. Its attorney recommended hiring Stapleton to assess alternatives. In an Assignment for the Benefit of Creditors (ABC), we achieved a recovery 3-4x greater than could have been accomplished in a Chapter 7, saved jobs and ensured customers’ projects were completed
