Led comprehensive assessment of the order to shipping process across all product families
A multi-site capital and process-intensive paper products company that provides quality paper for various print and converting customers was facing multiple challenges related to long lead times, efficiency issues, and…Read More
Arandell Corp Emerges from Bankruptcy with $31M Sale to Saothair Capital Partners
100-year-old commercial catalog printer, the third largest in the U.S., with revenues exceeding $80MM and pre-petition loan and lease obligations of $50MM. The company ran into setbacks related to the…Read More
Former 110-acre Motorola Site Sold in Chapter 11 Bankruptcy Auction During Pandemic
Motorola’s 110-acre campus located six miles from downtown Austin and near Austin Bergstrom International Airport was largely abandoned and sat stagnant for more than a decade prior to purchase by…Read More
Chief Restructuring Officer and President for 262-Room Austin Airport Hilton Hotel
A member of Harney Partners served as Chief Restructuring Officer and President of Austin Bergstrom Landhost Enterprises, Inc. (ABLE), a non-profit public facilities corporation acting as an instrumentality of the…Read More
Guided Offshore E&P Company Through Successful Exit from Bankruptcy as Chief Restructuring Officer
A member of Harney Partners (Greg Milligan) was appointed as Chief Restructuring Officer of Galveston Bay Properties, LLC, an E&P company with approximately 20,000 acres under lease from the State of Texas…Read More
Specialty packaging and logistics company restores profitability and is recapitalized
A privately held transportation company in the business of packaging highly flammable and combustible products in the oil field service business was losing money, was in default with their senior…Read More
Managed divestiture of underperforming emergency rooms and optimized operations
Client was contracted to operate 400+ emergency rooms. In addition, the company had three HMO’s, a billing company, 14 primary care clinics, and a government contracting division providing healthcare at certain military installations.
Successfully completed refinance of senior secured lender with a third-party finance company for transportation company
Courier business that was operating in the south and midwest U.S. was in forbearance with its primary senior secured lender following a covenant default from a decrease in profitability and a deterioration of its liquidity.
Harney helped oil field service company with reporting cash flows during forbearance period and re-finance of debt
A supplier in the Permian basin (Texas) of chemical solvents and anti-corrosion products was in default with its senior secured lender. The default was a result of misreported operating results…Read More
Forensic audit helped secured lender to receive payments that exceeded principal
Retained as financial advisor by the secured lending group of consulting firm to assist in negotiations of an out-of-court restructuring.