A private-equity backed, multi-company manufacturing group specializing in custom vehicles, products, R&D and polymer glass for high-end defense, special operations and Navy use ceased operations due to government budget cuts coupled with inefficient manufacturing, management over-spending and unscalable new technology.
6 separate Delaware assignment for the benefit of creditor cases were filed.
As Assignee under each case, assessed each entity, obtained appraisals and formed a plan to maintain the intellectual property value of each entity while preserving the required security requirements.
Assured the timely completion and $800,000 payment from the Navy for a specialty vehicle used in special operations.
Improved the salability of a 250,000 sq. ft manufacturing facility and assured the integrity of invaluable technical materials.
Successful $8.4 million sale of the manufacturing facility.
Manufacturing equipment was auctioned with a better than anticipated return.
The assets and intellectual property of two separate companies were the subject of competitive and successful sales.
A large custom designed and building locked piece of equipment was the subject of an intense marketing process that allowed its sale and removal saving the estate over $250,000.