Home Results Case Studies Team Express Distributing, LLC
Retail & Consumer Products
Recovered ~25% for unsecured creditors with potential for additional distributions from earn-out provisions from the sale​

Team Express Distributing, LLC, an e-commerce retailer of sporting goods, filed for chapter 11 bankruptcy protection in the Western District of Texas following a severe liquidity challenge following the failed roll-out of a new inventory management system. ​

The Solution
Retained as financial advisor by the Office Committee of Unsecured Creditors ​
Partnered with the Committee’s counsel to be informed advocates for the unsecured creditors to preserve their rights and ensure the value of the bankruptcy estate was maximized ​
Advocated for robust process to sell the company while encouraging continued pursuit of litigation to recover damages stemming from the failed inventory systems implementation ​
EVP of Harney Partners was retained as Liquidating Trustee ​
The Results
Sale of the business was effectuated​
Successfully negotiated settlement with equity holders of the proceeds from litigation to ensure continued equity support​
To date, ~25% recovery to unsecured creditors with potential for additional distributions from earn-out provisions from the sale​
Services & Roles
Bankruptcy Advisory
Financial Advisor to the Official Committee of Unsecured Creditors
Liquidating Trustee
*Some engagements may have been performed by team prior to joining Harney Partners.