Other Middle Market Services
Sunbelt's size (250 offices with approximately 1,400 business intermediaries) gives the organization a very broad range of services and abilities; consequently, we are able to meet most clients' service requirements. While any one local office may not have all of the capabilities described in the following paragraphs, your Sunbelt business intermediary can collaborate with other Sunbelt offices to bring in the required resources and expertise to meet your needs.
The following paragraphs summarize some of the specialized services that are available from Sunbelt. Please call Matt Ottaway, Sunbelt's General Manager, at 216.674.0645 x17 for more information or to be directed to a local office that provides these specialized Middle Market services.
Restructuring Services
Every company operates in cycles. We provide analysis for clients in moments of crisis, identifying a range of feasible options and helping them to achieve a solution. Examples include capital structure analysis, valuation studies, divestitures and special situation financing. Advising clients on restructuring strategies utilizing insolvency proceedings is also an area of expertise.
The Process
Our approach to advisory services in a distressed environment typically includes:
- 13 week cash flow analysis – defines time frame available
- Options analysis – defines the scope of alternatives
- Plan Development – narrows the field of choices
- Implementation – focused on the highest leveraged solutions
Recent Financial Restructuring Engagements
Advisory Services
- Canadian automotive component manufacturer
- Brazilian automotive lighting manufacturer
- Multinational automotive components manufacturer
- Aluminum wholesaler
- Decorative glass manufacturer and retailer
Distressed M&A Engagements
- Machining services company — In process
- Network architecture/hardware VAR — In process
- Convenience store franchisor — $6,900,000
- Asphalt materials and paving company — $7,300,000
- Petroleum emulsions mill — $5,100,000
- Assisted living facility — $14,300,000
- Printing press refurbisher — $2,000,000
- Steel service center — $17,000,000
- Metal processor — $2,000,000
Private Debt Placements
- Machine shop refinance — In process — $875,000 Sale-leaseback of machinery
- IT services growth capital — In process — $4,000,000 Mezzanine Loan
- Catalogue Retailer refinance — $1,250,000 Asset Based Revolver — $950,000 Real Estate Mortgage
- IT services firm acquisition financing — $5,000,000 Revolver — $3,000,000 Term B
- Chocolate manufacturer and retailer — $45,000,000 Bridge Loan
- Steel contractor refinancing — $1,500,000 Revolver — $750,000 Term Loan
- Aluminum wholesaler refinancing — $35,000,000 Revolver
- Plastic products manufacturer refinancing — $3,750,000 Revolver
- Silica manufacturer bankruptcy plan confirmation — $2,000,000 Revolver — $1,000,000 Term Loan
Financing
Given today's challenging credit and capital markets, it is more important than ever to obtain professional advice and assistance when raising capital.
There are a myriad of options to acquire capital while still retaining all or partial ownership and control. Self-recapitalization, leveraged recapitalization, partial sale and management buyout may all be viable options. It is only through fully understanding the benefits and drawbacks of each that you can identify a strategy and secure the sponsor best-suited for the transaction.
Members of our team have extensive commercial banking and capital markets experience, and they work with our clients to develop customized solutions to meet their business needs.
Other Services
While it is not practical to enumerate all of the specialty resources we provide, other common engagement types include real estate purchases, commercial lease negotiations and machinery and equipment valuation services.
Please contact our corporate office for more information about specific service requirements you may have.