Mar 1, 2015
CRS Capstone Partners Leads an Ethanol Producer in Corporate Restructuring
Industry: Ethanol Production and Sales
Challenge: The Company was facing a period of prolonged negative margins due to rising corn costs stemming from a drought in the Midwestern US and was rapidly running out of cash.
Solution: Idled the facility, rationalized costs, and conducted a full sale process through a §363 asset sale.
Results: Successfully sold the asset, which ultimately received funds necessary for retrofitting the facility, thereby improving its efficiency and enabling it to resume operations outside of bankruptcy proceedings.