We listen to business owners,

to understand their goals and the specific issues
facing their company.

Selected Transactions - Special Situations Group

Our principals have been involved in the following selected transactions:

Company Business Description Ownership Transaction Description Industry
Aloha Airlines,
Inc.

Honolulu, Hawaii
An air transportation services company that provides inter-island passenger and cargo services. Private Sought relief under Chapter 11 of the Bankruptcy Code. In excess of $400 million in revenue and approximately 3,600 employees. Recapitalized by The Yucaipa Companies through a confirmed Chapter 11 Plan of Reorganization. Transportation
Caiman, Inc. & Caiman Records, Ltd.
Miami, Florida
Music publisher and retailer. Private Sought relief under Chapter 11 of the Bankruptcy Code. Represented equity sponsor that acquired the assets of the Debtors through confirmation of a Chapter 11 Plan. Media & Entertainment
CCI. Inc., et al
Florida/ New York
Largest TGI Friday’s franchisee in the State of Florida, with 12 restaurants in Florida and another 5 in New York. Private Companies sought relief under Chapter 11 of the Bankruptcy Code. The Company was purchased in a sale under Section 363 of the Bankruptcy Code by SRAC Holdings I, Inc., an affiliate of Cerberus Capital Management, L.P. Restaurant, Retailc
Corrpro Companies, Inc.
Medina, Ohio
Leading provider of corrosion protection services and technology, offering corrosion engineering, cathodic protection, corrosion prevention and specialty coatings. NYSE:
CO
Secured $77 million in new capital, including $40 million in senior debt, $14 million of debt and $13 million of new equity in a comprehensive recapitalization plan that received public shareholder approval. Engineering Services
DM Industries, Ltd.
Opa Locka, Florida
Leading manufacturer of hydrotherapy products. Private Sought relief under Chapter 11 of the Bankruptcy Code. Sold to MAAX Spas Industries Corp., a portfolio company of Brookfield Asset Management. Consumer Leisure
FIRSTFoliage, L.C.
Miami, Florida
Supplier and marketer of plant products. Private Sought relief under Chapter 11 of the Bankruptcy Code. Sold to Costa Farms, LLC Agricultural / Distribution
HCOA, LLC
Homestead, Florida
Largest franchisee of Lady of America women's fitness clubs. Private Acquired 20 Lady of America and Health Club of America franchises from the estate of the prior owner under Section 363 of the Bankruptcy Code. Leisure Facilities
Kidron, Inc.
Kidron, Ohio
Leading manufacturer of multi-stop refrigerated truck bodies. Private Sold to HIG Capital in Chapter 11 bankruptcy proceeding. Automotive /
Trucking
NCS Healthcare, Inc.
Cleveland, Ohio
Leading provider of pharmacy and related services to long-term care and acute care facilities. NASDAQ: NCSS Sold to Omnicare, the nation's largest institutional pharmacy, for a transaction value of $460 million, allowing all debt holders to be paid in full and equity holders to realize significant value. Healthcare
Paragon Holdings
Cleveland, Ohio
Diversified holding company with industrial distribution and commercial printing operations with publicly traded debt. Private Structured an exchange offer for $115 million Series B Senior Notes that resulted in a cash payment and an equity interest in the remaining operating business. Distribution & Commercial Printing
Peerless Dade, Inc.
Miami, Florida
Collected, hauled and deposited construction and demolition debris. Private Represented majority bondholder in involuntary bankruptcy proceeding in respect of $36 million bond default, resulting in a consensual transaction. Environmental / Solid Waste
PEMCO World Air Services, Inc.
Miami, Florida
One of the largest independent providers of aircraft maintenance, repair and overhaul services and conversions of commercial aircraft to cargo aircraft in the world. Private Sold to Avion Services Holdings, LLC, a subsidiary of Sun Capital Partners, under Section 363 of the U.S. Bankruptcy Code Aerospace / Industrial MRO
Protective Products of America, Inc.
Sunrise, Florida
Leading manufacturer of advanced protective body armor products. TSX:PPA Sought relieft under Chapter 11 of the Bankruptcy Code. The Company was purchased in a sale under Section 363 of the Bankruptcy Code by an affiliate of Sun Capital Partners, Inc. Government Services & Defense / Manufacturing
PTG Enterprises
West Palm Beach, Florida
Provider of transportation services. Private Capital raise to fund the acquisition of transportation assets. Transportation Services
Renaissance Cruises, Inc.
Fort Lauderdale, Florida
Was the fifth largest cruise line in the world. Private Sought relief under Chapter 11 of the Bankruptcy Code. Assets were sold to various entities in the Chapter 11 bankruptcy proceeding. Hotels, Resorts and Cruise Lines
Roadhouse Grill, Inc.
Pompano Beach, Florida
Owned and operated approximately 80 full-service casual dining restaurants in 20 states at the time. OTCPK:
GRLL
Sought relief under Chapter 11 of the Bankruptcy Code. Successfully emerged from Chapter 11 and confirmed a Plan of Reorganization that paid a 100% dividend to unsecured creditors. Restaurants
Supra Telecom, Inc.
Delray Beach, Florida
One of the largest telecommunication providers in Florida with over 250,000 customers. Private Sold to HIG Capital in Chapter 11 bankruptcy proceeding. Telecom
TLO, LLC
Boca Raton, FL
Leading Big Data Analytics and information services firm. Private Sought relief under Chapter 11 of the Bankruptcy Code. The company was purchased in a sale under Section 363 of the Bankruptcy Code by TransUnion, LLC Technology / Information Services


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