The Company

Independent Wholesale Inc.

This Florida-based convenience store distributor had been hit by a significant theft and deteriorating sales.

The Challenge

This distributor’s relationship with its secured creditor had been deteriorating and after the theft they were forced to file Chapter 11. They had very little liquidity and the secured creditor was pushing for a liquidation, straining the company’s ability to adequately service its customers.

The Process

Equity Partners launched an intensive and broad marketing campaign to seek a buyer, investor, or joint venture partner for the business while simultaneously working with the secured creditor to increase the company’s availability and allow them to continue operations.

The Solution

Equity Partners quickly generated three going concern bids. This led to a competitive auction of the business to a strategic buyer who maintained jobs and continued operations with minimal disruption.