Rescue and exit strategies for business facing liquidation

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Where The Business Was



  • Pressure vessel manufacturing business operating for 30 years
  • Despite excellent reputation for quality, business was in decline

Problem



  • Shrinking customer base, falling profits, loss of market share 
  • Bank had issued letter of demand

Solution


  • Avoid liquidation by revitalizing and sell  the business


Implementation



  • Identify options for owner to exit or revitalise the business
  • Locate prospective purchasers 
  • Structure and negotiate sale
  • Assist with transfer of employees

Results


  • The business was sold to a competitor 
  • The sale released $2,500,000 in value to owner
  • Owner retained as consultant