client_transactions

SSG Client Transactions

Title

Short Bark Industries, Inc.
Client Profile

Client Profile

Short Bark Industries, Inc. (“Short Bark” or the “Company”) is a leading made-in-America supplier and manufacturer of high performance tactical and strategic combat gear as well as uniforms. Headquartered in Vonore, TN with manufacturing facilities in Guánica, Puerto Rico, the Company's end customers include key branches of the U.S. military (Army, Navy and Marines) and global enterprises such as Wal-Mart Stores, Inc.
Situation

Situation

The Company experienced operating losses and constrained liquidity for a number of years. While Short Bark attempted to rebuild the revenue base and right-size the operating expenses, it wasn't able to do so without a significant new equity infusion. With awarded contracts and a large backlog, Short Bark was positioned well for significant revenue growth and profitability but lacked capital to fund a turnaround.
Solution

Solution

In order to effectuate a transaction, Short Bark filed for Chapter 11 protection in the District of Delaware in July 2017. SSG conducted a comprehensive marketing process to a wide universe of strategic and financial buyers leading to multiple bids. Point Blank's bid was ultimately deemed the highest and best price for substantially all of the Company's assets after topping the stalking horse bidder at an auction. SSG's experience in identifying buyers and running a thorough sale process enabled stakeholders to maximize value while preserving nearly 500 jobs.
October 2017
has sold substantially all of
its assets to an Affiliate of
a portfolio company of
Under Section 363 of the U.S. Bankruptcy
Code in the U.S. Bankruptcy Court for the
District of Delaware
The undersigned acted as Investment Banker
to Short Bark Industries, Inc. on this transaction

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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(212) 786-7432

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