The Client

Aluminum Extrusions, Inc.

An aluminum extrusion company in Mississippi that served a number of prominent window and door manufacturers.

The Challenge

The Company had lost a majority of its customers due to an extended shut down after a fire in the paint building and was forced to file Chapter 11. Ownership had been speaking with groups trying to facilitate a sale for months, but with DIP financing running out and no working capital, a shutdown and liquidation was looming.

The Process

Equity Partners was retained to run a quick, but extensive marketing process and had 71 groups execute confidentiality agreements. Multiple groups visited the facility and made offers for consideration as the stalking horse. A stalking horse offer was selected within 5 weeks of EP’s retention and an auction was scheduled less than 4 weeks later.

The Solution

Through a competitive bidding process, the final sale price increased 69% from the initial bid and closing occurred 10 days later. The entire process from retention to closing was completed within 10 weeks, recovery for the estate was maximized, and jobs were retained and operations continued in place.