Comptronix Corporation

Client Profile
Comptronix Corporation was a rapidly growing, publicly traded (OTC Bulletin Board: CMPX) contract manufacturer of printed circuit boards, serving original equipment manufacturers in the electronics industry. Comptronix filed Chapter 11 in August 1996.
Situation
SSG was retained by the Company in September 1996, to identify potential buyers of the business under Section 363 of the U.S. Bankruptcy Code.
Solution
The sale of the Company was approved in October 1996 and substantially all of the assets of the company were sold for approximately $20 million, with the senior lender paid in full and a dividend paid to Comptronix’s unsecured creditors as well.