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Q2 2024 What’s the Deal

    AEG was recently engaged to assist a manufacturer of chemicals struggling in the wake of post Covid volatility in commodity prices.   AEG assessed the company’s financial and operational performance, vetted management’s turnaround plan, and developed further performance improvement recommendations.  In addition, AEG assisted management in rationalizing its customer service model to improve liquidity and financial results.   These actions formed the basis for a successful negotiated restructuring with the company’s lender consortium

    Tom Jones of Concord Financial Advisors, LLC announces the recent closings of three debt transactions: 1) $35MM Senior Secured Revolving Line of Credit for a sponsor-owned, leading Telecommunication, Cable Construction and Engineering Services Provider located in the Southern U.S.; 2) $30.0MM Senior Secured Revolving Line of Credit for a premier Drywall and Acoustical Specialty Contractor located in the Eastern U.S.; 3) $25MM Senior Secured Revolving Line of Credit for an Industrial Contractor specializing in project and construction management and tailored maintenance solutions located in the Midwestern U.S. Concord served as the exclusive Financial Advisor for all three companies.  Two of these deals were referred by TMA Members, and two of them closed with TMA members!

    Charles Winternitz, President of Winternitz Industrial Auctioneers & Appraisers announces the completion of the following Auctions: iCONN Systems, CNC Equip. (Lombard, IL); and Granite Peak Fabrication, Tank Mfg. Equip. (Midland, TX).  Upcoming Auctions include: SCP and Annie’s Fun House, Screen Printing Equip. (Batavia, IL); Creative-Werks, Contract Pkg’r (Bensenville, IL); CNH Industrial, 3-Day Auction (Burr Ridge, IL); and Turnkey Offering of Fermented Nutrition, Whey Products (Luxemburg, WI).  For more information, or Inquiries, Contact: Charles Winternitz, charlie@winternitz.com, or www.Winternitz.com.

    Hilco Real Estate, LLC (HRE) was recently retained by the 99 Cents Only retail chain in its chapter 11 bankruptcy.  The company had 377 locations throughout California, Texas, Nevada, and Arizona and ceased operations in the beginning of April and moved to a complete liquidation of the company. HRE implemented an accelerated marketing process (less than 60 days) which resulted in the sale of all forty-four of the company’s owned properties as well as 200 leases.  Proceeds from the sale of this real estate totaled $167M.

    Ravinia Capital Advises CommonView Capital on Successful $35 Million Debt Transaction for its Portfolio Company, Pain Specialists of America. Ravinia served as the exclusive financial advisor to CommonView in this $35 million debt transaction with participation from Sandton Capital. The transaction exemplifies Ravinia’s expertise in advising healthcare services companies and highlights the firm’s ability to structure and execute complex financial transactions in challenging market conditions.