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Force 10 Partners

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Alpha Guardian

Confirmation of Chapter 11 Plan of Reorganization

Alpha Guardian

Leading manufacturer of safes and secure storage products.

Industries

  • Industrial

Expertise

  • Chief Restructuring Officer
  • Corporate Restructuring
  • Debtor Financial Advisor
  • Expert Witness
  • Litigation Support
  • Turnaround & Crisis Management

From the newsroom

  • Force 10 Restructures & Positions its Client Alpha Guardian to Emerge From Bankruptcy Stronger Than Ever

Ran operations during COVID-19, sold secured debt to effectuate 363 sale. Confirmed Chapter 11 Plan of Reorganization.

Alpha Guardian was established in July 2017 through the acquisition and amalgamation of Cannon Safe and Stack-On Products, resulting in a market leader in the safe and secure storage industry. Alpha Guardian’s brands have led the way in providing consumers with secure storage solutions. Its products are sold to major retailers across the United States under the Cannon Safe, Stack-On Products, and GunVault brands. Alpha Guardian operates manufacturing and distribution facilities in the U.S. and Mexico.

Force 10 implemented aggressive efforts to stem operating losses including reducing payroll, improving operational efficiencies, creating oversight of accounting processes, and collecting significantly past-due receivables. Such efforts resulted in substantial additional cash flow. Force 10 secured debtor-in-possession financing, prepared the business for a Chapter 11 bankruptcy filing, oversaw the restructuring process, and successfully negotiated a consensual Plan of Reorganization between the Debtors, the secured creditors, and the official committee of unsecured creditors whereby over $100 million of senior secured debt and over $30 million of junior claims were exchanged for interests in a trust, while the balance of the senior secured debt converted into equity of the reorganized Debtor.

Team members

Nicholas Rubin

Nicholas Rubin

Darryl Myers

Darryl Myers

Force 10

Track Record

Styles for Less: Chapter 11

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Golden Hotel: Confirmation of Chapter 11 Plan of Reorganization

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IS West: Confirmation of Chapter 11 Plan of Reorganization

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View more »

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Force 10 is helping us navigate complex fund waterfalls and settle legacy litigation. We are very pleased with their support and guidance.
Manager
Rothenberg Ventures

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Force 10 Partners
Force 10 Partners
5271 California Ave., Suite 270
Irvine, CA 92617
949 357 2360
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