Florida Computerized Machining, Inc. – SC&H Capital was retained by this machine and fabrication shop in Chapter 11. A “Newco” was formed, consisting of the existing shareholder and an investor, to purchase the company out of bankruptcy.
SC&H’s broad marketing process proved this was the highest and best option available and, on the day of the sale hearing, SC&H negotiated settlements with six separate leasing companies and the secured creditor, reducing the debt enough to allow the court to approve the sale with the business properly capitalized. The ongoing business survives, and all employees were retained.
