We helped a trucking company in Chapter 11 keep on rolling.
A Texas-based trucking company serving the oilfield industry filed for Chapter 11. Their senior secured lender was a local bank looking for a way out. With our familiarity and knowledge of the industry we purchased the bank’s $2.5MM position. The bank recouped its loan and exited the bankruptcy, and we had a new, promising addition loaded to our portfolio.
Saving this metal fabrication business took more than a turnkey solution.
A metal fabrication company in Ohio, with annual revenues of $8M, was shutting their doors after defaulting on a debt. Big Shoulders Capital purchased the debt and helped ownership retain their company. Today, we continue to lease the equipment back to them, and are providing a revolver loan for their working capital needs.
An Oil and Gas Water Hauling Company Needed Time to Wind Down
An oil and gas water hauling company had more than $6M in assets, but was highly leveraged with multiple lenders. Big Shoulders Capital provided a term sheet and worked through an asset purchase agreement; extending the company’s viability. Meanwhile our sister company, PPL, organized loan settlements and held three separate auctions to maximize the value of the company’s assets.
A Landscape Contractor Facing Foreclosure
When a business is stuck in the mud, lenders turn to BSC. The secured lender held a note on the real and personal property of the company. They were ready to foreclose when Big Shoulders Capital stepped in and purchased the note. We are now working on a succession plan for the owner’s son to buy back the assets and control the company.
An end-of-year rush and a happy holiday from the sale of a wood pellet plant.
A manufacturer of wood pellets sits on a 22-acre site in Missouri. In December, they decided they needed to sell their facility before the end of the year. We quickly found a South American user for the machinery and equipment and worked with the community to sell the real estate to a local operator interested in restarting production. The company continued operation, saving numerous jobs, and we were able to close the transaction before Christmas—giving everyone a happy holiday season.