The Management of SEA, Inc., the leading national forensic
engineering firm, has purchased all of SEA’s operating
assets from FTI Consulting, Inc. LCP acted as the financial
advisor to Management, negotiated the transaction and invested
Energy Services, Inc. has entered into a $25,000,000 asset
based lending facility with National City Business Credit.
LCP acted as the financial advisor to Volunteer and negotiated
the transaction with the lender.
Engineering Company has ceased business operations as a result
of actions taken by its secured bank creditors. After close down, Fairfield
retained LCP as its Chief Liquidation Advisor. LCP conducted
the orderly liquidation of the company which permitted the
payment in full of all of Fairfield’s bank creditors.
Capital Assets, LLC, the franchisor of Convenient Food Marts,
a chain of over 500 convenience food stores, has filed for
protection under Chapter 11 of the U.S. Bankruptcy Code. LCP acted as the financial advisor to
the senior lender who was paid in full through multiple sales
of the debtor’s assets.
J&M Hydraulic Systems, Inc.,
the leading worldwide manufacturer of pile drivers, has been
placed into Federal Court Receivership by its secured lender. LCP
acted as court appointed Receiver and conducted a going concern
sale that provided the secured lender a repayment of nearly
100% of its outstanding principal.
Security Capital Corporation has entered into a Merger Agreement
to sell its sole operating company, CompManagement, Inc.
to Sedgwick CMS Holdings, Inc., for $185,000,000. CompManagement
is a leading national workers compensation and claims management
consulting firm. Sedgwick CMS is an affiliate of Thomas H.
Lee Partners, L.P. and Fidelity National Financial, Inc. LCP acted
as the financial advisor to the Management/Minority Shareholders
of CompManagement and negotiated the transaction on their
Distribution Corporation, an acquisition affiliate controlled
by LCP, has acquired all of the operating assets of Rodenstock
North America, Inc. Rodenstock is the premiere
worldwide manufacturer of prescription optical lenses and
frames and Optical Distribution Corporation is the exclusive
distributor of Rodenstock products in the United States.
Airolite Company, a national leader in the design and manufacturing
of architectural louvers, has retained LCP as its Chief Restructuring
conducted a going concern sale of Airolite’s operating
assets which permitted the payment in full of all of its bank
Corporation, a wholly owned subsidiary of Worthington Industries,
Inc. has sold all of BeamAlloy’s operating assets to BeamAlloy Technologies,
LLC, an acquisition affiliate controlled by LCP. BeamAlloy
is a worldwide leading innovator in industrial coating technology.
Management of Atlas Industrial Holdings, LLC has purchased
ZS Fund L.P.’s controlling membership interest. LCP acted
as the financial advisor to Management, negotiated the transaction
and invested with Management.