The Engineering Services Firm

Client Profile
The Engineering Services Firm (“ESF” or the “Company”) is the largest in-house foundry engineering, manufacturing and installation group in North America. The Company produces turn-key metal casting systems and related equipment for automobile, industrial and contract foundries.
Situation
SSG was retained by the Company in mid-2004 to aid in a restructuring transaction whereby the Company’s existing indebtedness was decreased to allow for more flexible debt service.
Solution
SSG completed initial due diligence and financial analyses, performed a valuation and led several rounds of negotiations with all stakeholders involved (including equity sponsors, sub-debt holders, and senior debt lenders) to arrive at a consensual agreement. The transaction closed in December 2004.