Industrial

Force 10 professionals were hired to advise Chase Capital during the bankruptcy proceedings for this oil refinery near San Antonio, TX. They provided Debtor oversight, coordinated the refinery's going-concern sale, and successfully executed the Plan of Reorganization.

Force 10 Partners served as investment banker supporting confirmation of a new value plan.

Force 10 provided a CRO and financial advisory to and managed operations of Alpha Guardian, a residential safe and storage company,

As financial advisor and investment banker to the Debtor, Force 10 successfully confirmed a plan of reorganization for this non-potable water supply company after it became no longer economically viable to extract water from Lake Mead after historic droughts. The plan included selling certain assets and limiting future liabilities, enabling Basic Water’s parent company to exit the water transportation business.

Financial advisor to the Debtor during its Chapter 11 proceedings

Force 10 was engaged by the Ad Hoc Committee of the Independent Directors of Boro Transit, Inc.’s Board of Directors to assess the fairness of the price paid for the capital stock of SNT Bus Inc., a school transportation provider.

Force 10 navigated CarbonLite through $380 million in debt and years of negative margins, securing $75 million in DIP financing and $230 million in asset sale proceeds. By redesigning operational and pricing models—achieving customer buy-in for 25% price increases—Force 10 stabilized the business and positioned it for sale, culminating in a successful transaction that maximized creditor recoveries and resolved a complex restructuring.

Financial advisor to Secured Creditor

Serving as financial advisor, Force 10 confirmed a plan of reorganization for this provider of trade show installation and dismantling services during the COVID-19 pandemic. The insider provided "new value" in exchange for 100% of the reorganized Debtor's equity.

Supported sponsor in recapitalization to facilitate operational restructuring and growth.

Force 10 assisted the Chapter 7 Trustee in maximizing value via an Article 9 sale of the assets held by this mineral rights investor and distributor of refined petroleum products in California's Central Valley after a judge denied a proposed Section 363 sale for the sole benefit of the secured creditor.

Force 10 professionals marketed the assets of this manufacturer of components for the aerospace and defense industries and conducted a Section 363 sale via auction.

Financial advisor to the official committee of unsecured creditors

Force 10 served as the Chief Restructuring Officer and financial advisor to the Debtors, companies that provided end-to-end omnichannel e-commerce solutions. We arranged a rapid Chapter 11 restructuring that resulted in a sale that generated a significant return to creditors.

A Force 10 affiliate served as Assignee per a California Assignment for the Benefit of Creditors and oversaw the dissolution of this company, which installed fencing and gates. Force 10 retained an auctioneer to maximize asset value and conducted an orderly wind-down of operations.

Acting as a financial advisor to the Chapter 7 Trustee, Force 10 conducted preference, fraudulent transfer, and solvency analyses concerning this aftermarket automotive parts distributor to support the Trustee's claims against transferees.

Chapter 11 Reorganization

Solvency expert witness

Force 10 Partners was the financial advisor to the Official Committee of Unsecured Creditors of Serta Simmons Bedding, delivering significant outcomes for its constituents. These included expedited full payment to go-forward creditors and enhanced recoveries for others. Key contributions involved assessing business plan feasibility, investigating pre-filing transactions like the "Serta Uptier," and conducting solvency analyses. This work culminated in the confirmation of a consensual restructuring plan on June 6, 2023, ensuring optimized recoveries for stakeholders.

By conducting a comprehensive cost and profitability analysis, Force 10 improved the enterprise value of this manufacturer of components for the aerospace and defense industries, benefitting the secured lender and shareholders. Our work resulted in the refinancing of secured indebtedness.

Force 10 was the financial advisor, providing comprehensive valuation support for a management-led Section 363 sale and Plan of Reorganization. The engagement involved assisting a wholesale grocer through the complexities of the bankruptcy process, including developing strategies to maximize value for stakeholders and supporting the reorganization efforts.

Force 10 served as the financial advisor to this wholesale tobacco distributor, facilitating the resolution of creditors’ claims through a structured dismissal process. During the pendency of the bankruptcy case, the company experienced significant improvements in business economics, leading to a successful and equitable outcome for stakeholders.