$70MM “Last Mile” Courier Business

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.

Specialty Packaging & Logistics Company

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 lender and factoring finance company and didn’t have the liquidity to operate. Harney was brought in to improve operations and cash flow and recapitalize the balance sheet allow for adequate working capital and normal operations.​