client_transactions

SSG Client Transactions

Title

Hitchcock Industries, Inc.
Client Profile

Client Profile

Hitchcock Industries, Inc. ("Hitchcock" or the "Company") is a $40 million provider of sophisticated, premium-quality aluminum and magnesium aerospace precision castings and assemblies for its global customers in the commercial and defense industries.
Situation

Situation

The Official Committee of Unsecured Creditors retained SSG to advise it with respect to the Debtor's strategic alternatives, to arrange financing for a potential creditor-sponsored plan of reorganization and to provide oversight to the Debtor’s sale process.
Solution

Solution

SSG provided investment banking services to the Committee, including evaluation of the Debtor’s strategic alternatives, oversight of the Debtor's turnaround advisor in its execution of the Debtor’s sale process, and developing financing alternatives to fund a potential creditor-sponsored plan. SSG's efforts contributed to a full recovery for unsecured creditors in respect of their pre-petition claims.
June 2006

Chapter 11 Reorganization

The undersigned acted as Investment Banker to the
Official Committee of Unsecured Creditors
in the Chapter 11 proceeding and sale of
Hitchcock Industries, Inc. and its subsidiaries.

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

Philadelphia
(610) 940-1094

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New York
(212) 786-7432

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