Situation A $200+ million, privately held ESOP, truck dealership based in the Upper Midwest with seven retail and service locations, had been incurring losses or struggling to achieve adequate profitability for several years after a number of organizational changes. Liquidity issues required the Company to refinance its line of credit. The newly appointed outside [...]
Situation Owners of two, Day Schools/Day Care Centers (infants through Kindergarten) wanted to exit their business post Covid-19. The owners had recently relocated to another state and were struggling to manage day-to-day business activities (primarily addressing staffing issues) remotely. Additionally, the business had been severely impacted by the Covid-19 pandemic, and was rebounding, but [...]
The principals of Turning Point represented a class of Note Holders of a large Midwest lumber company that were in the process of renegotiating with their senior lenders.