You turn to Accordion.
We partner with your team to:
- Conduct a rigorous assessment of your systems and processes alongside operational and financial performance.
- Build a detailed cash flow model that gives visibility into cash burn and runway for confident liquidity management.
- Stabilize the FP&A function post-CFO departure – enhancing financial reporting, accelerating close, and instituting weekly KPI reporting to restore control and transparency.
- Prepare bottoms-up 2024-2025 budgets and a business plan across nine business units, enabling apples-to-apples evaluation of strategic alternatives despite leadership turnover.
- Run a competitive sale process, building comprehensive diligence materials and driving broad buyer outreach across nine business units spanning seven states to maximize interest and value.
- Prepare and execute an organized Chapter 11 filing to meet aggressive milestones.
- Serve as Chief Restructuring Officer, negotiating sales to six distinct buyers while protecting enterprise value.
- Secure court approval of all sales in ~2 months and close over the following 45 days, coordinating handoffs to each buyer’s HR, operations, marketing, IT, fleet, and F&A teams to ensure continuity.
- Wind down corporate operations and monetize residual assets, executing post-sale TSAs to reduce risk and preserve momentum.
Your value is enhanced.
You successfully navigate a rapid, orderly Section 363 sale that achieves the highest market prices, preserves ~600 jobs, and enables an efficient wind-down – while establishing a funded liquidation trust for GUC recoveries and minimizing consumer impact via buyer-assumed liabilities.