Turnaround & Financial Restructuring

Engagement Results

Newspaper and Radio Station Owner/Operator
The bank had given the Company a loan to build a new facility and the Company had been in forbearance of the loan for the year. The Company is a fifth generation, family owned operator of two local newspapers and five radio stations located in the Midwest. MainStream was engaged by the bank to perform a current business plan and operating budget review for the historical 3-5 years, build a financial model for fiscal 2011, and provide the bank with recommendations on whether to accept the Company’s settlement offer or other options to recoup their loan. Read More
GLC Limited dba Global Liquidation Centers
GLC Limited was a retailer selling discounted general merchandise. The Company’s products fit in to the major categories of housewares, furniture, appliances, seasonal goods, apparel and domestics, health and beauty aids, packaged food and home cleaning supplies. MainStream was engaged to perform a financial review and business assessment to gain an understanding on the condition of the Company. Read More
Automotive & Recreational Vehicle Supplier
The company had been thrown into an involuntary bankruptcy by their three largest creditors and Mainstream was engaged to secure and preserve the assets, market the business and negotiate a sale with terms that would be acceptable to the Trustee, the Court and the purchaser. Read More
Software Consulting & Professional Services Provider
MainStream was engaged by a lending institution to analyze the cash flow projection capabilities of a micro-cap publicly traded company in the software consulting and professional services industry. A roll-up in the consulting industry, the client had been struggling in accurately projecting and meeting their cash flow forecasts. Read More
U.S. Bankruptcy Trustee
MainStream identified locations in four states where the appropriate documents, records, files and electronic media of the Debtors were located. Read More
Top Air Manufacturing
A leading manufacturer of agricultural equipment with multiple Midwest facilities and a strong dealer network was struggling in a highly price competitive market with a high debt load. Read More
Atlantic Extrusions Corp
Atlantic Extrusions manufactured and distributed plastic products to the furniture, utilities and landscaping industry. Read More
Ducane Gas Grills
Ducane Gas Grills, a high-end manufacturer of barbecue equipment, was on the verge of filing for bankruptcy protection. Read More
Michels South Carolina, Inc., manufactured and distributed furniture products under a variety of regional brand names across the eastern half of the country. Read More
Harvest Manor Farms
A multibillion dollar holding company had established an integrated snack food and nut producer and seen their revenues grow substantially, but the company had an operating loss of almost $32 million. Read More
Atlantic American Properties
A privately held company owned by a private equity fund and a series of institutional investors, Atlantic American Properties Trust undertook the responsibility to fully integrate a second enterprise of similar size located in a different region of the country. Read More
Bell Atlantic
A Fortune 50 company, Bell Atlantic Corporation, had invested significant capital into a wholly-owned investment real estate subsidiary, Bell Atlantic Properties. Read More
KMG Chemicals
A principal of MainStream Management was directly involved in a lead management role as an underwriter of a $17 million secondary offering for KMG Chemicals. Read More
BAE Systems
BAE performs large-scale crisis manufacturing for the U.S. Military. The company was awarded a $500 million contract to produce a new line of armored vehicles. Read More
A principal of MainStream Management was retained to conduct a detailed analysis of the future viability of a private equity backed software firm located on the East Coast. Read More
Willcox & Gibbs
Willcox & Gibbs was a leading distributor of supplies and equipment to the garment and sewn products industry. Read More
Bankruptcy Creditors Committee
MainStream was engaged by the Official Committee of Unsecured Creditors through the Federal Bankruptcy Court in Northern Georgia to manage the claim payments for a large and complex Chapter 11 liquidating bankruptcy filing. Read More
General Time Corporation
General Time was the world’s largest provider of clocks with approximately $100 million of annual revenue and the owner of the most respected and well-known brand names in the clock industry. Read More
Food Services Equipment Company
Our client completed the acquisition of a complimentary product and services company two years earlier and had not realized the results originally projected in the acquisition pro-forma. Read More