Financial and Operational Advisory

Automotive                                                                              

Moglia Advisors served as restructuring advisor to a plastic injection molding company that primarily served Tier I and II automotive manufacturers. Moglia led the operational, organizational and financial restructuring that led to the eventual sale of the business as a going concern. Moglia worked closely with management in order to eliminate excess costs, increase product margins, and restore positive cash flow on a consistent basis.

Building/Construction

Barry Davis of Moglia Advisors served as the financial advisor to a $13MM building products distributor located in the Chicago area. Moglia Advisors was hired to perform a strategic assessment of the Company and prepare a 13 week cash flow forecast and work with the company’s lender with respect to structuring the new bank loan. Other services provided included participating in weekly phone calls with the company and bank discussing the actual cash flow results compared to forecast for a period of four weeks.

Manufacturing
Moglia Advisors completed a $13.5 million senior secured credit facility for a bakery ingredients manufacturer in Elk Grove Village, Illinois. Moglia Advisors was initially hired as the financial and operational advisors. The deal was successfully closed within 60 days.

Manufacturing

Barry Davis of Moglia Advisors served as the financial advisor to a $24MM sausage products manufacturer located in the Chicago area. Moglia Advisors was hired to perform a strategic assessment of the Company and prepare a cash flow forecast of the operations after the loss of a major customer that represented approximately 30% of their total revenues. Other services provided included preparing the Company for a possible Chapter 11 filing under the U.S. Bankruptcy Code. The Company continues to analyze its current options.

Real Estate
A large diversified real estate developer operating in the Midwest retained Moglia Advisors as its financial advisor for purposes of reviewing the client's financial systems and procedures, the viability of its numerous developments and to present a restructuring proposal to its key lenders. Alex Moglia was the lead on this engagement.

Real Estate
Moglia Advisors served as financial advisor to three unrelated multi-state residential developers in refinancing, sale and/or completion of properties worth approximately $100 million combined.

Technology                                                                                                                            Barry Davis of Moglia Advisors took part in a turnaround engagement involving an award-winning independent software vendor and voice processing marketer. Barry focused on cash flow reporting and improvements in profitability. The improvement in profitability was primarily focused on proper time allocation reporting and the related billings for each client project. In addition, we showed the client how to report on its progress to its lender.

Technology
Moglia Advisors served as financial advisor to a banking software development firm with operations in the United States and Europe. In conjunction with the client's legal counsel, Moglia Advisors advised the client on the payment of employee and vendor claims in an organized fashion so as to minimize or eliminate possible personal liability of directors and officers of the company.

Vacation & Hospitality
The owners of a nationally-known Midwest water park, hotel, and campground resort retained Moglia Advisors to provide financial and operational advisory services. Alex Moglia and Mark Baum led the engagement with support from Gary Wencel, Diana Casas, and Chuck Keenon. Moglia informed property owners within the resort complex of the difficulties encountered by the resort due to the sharp slowdown in the overall resort industry, and informed the resort's lenders about the financial condition and prospects for the resort. As part of our services, we sought out and negotiated with financial and industry investors, created and maintained an electronic due diligence data room, and restructured supplier debt through composition agreements. 

Wholesale Distribution

Moglia Advisors advised a bath and kitchen products distributor and assisted in the preparation of the various forecasts necessary for the company to restructure their loan obligations. As a result of assistance from Moglia Advisors, the company was able to renegotiate the loans with the bank and was able to obtain concessions from key suppliers.

Special Situations M & A Services

Construction
Moglia Advisors served as the assignee for the benefit of creditors of Trimax Building Products, Inc., which designed and manufactured plastic lumber for residential, commercial and municipal applications. Chuck Keenon, of Moglia Advisors, and Alex Moglia managed the sale of assets, including inventory, intellectual property and machinery and equipment, within 21 days from the date of the assignment.

Entertainment  

Alex Moglia of Moglia Advisors was appointed bankruptcy trustee for the Arena Football League. Moglia Advisors served as the trustee's financial advisors and successfully negotiated with prospective buyers culminating in the sale of the league's intellectual property assets for $6.1 million. The league has started operations under new ownership.

Manufacturing
Wildwood Industries - Alex Moglia was appointed bankruptcy trustee of the Bloomington, IL manufacturer of air filter and vacuum cleaner bags. Creditors sought the appointment of a trustee after assets were diverted. In cooperation with creditors, law enforcement agencies and Moglia Advisors, the trustee uncovered a $230 million fraud involving equipment leases. Click here to see a news video of Wildwood.

Telecom
Moglia Advisors served as the assignee for the benefit of creditors of a national wireless telephone provider. Barry Davis was lead consultant. The assets of the company were sold to a Miami-based wireless provider that continued the operations of the business. The service is geared to be used by children as a security measure to maintain contact with their parents and other parent-selected parties.

  Insolvency Services

Assignee/Trustee/Receiver

Distribution
Moglia Advisors served as assignee for the benefit of creditors of a Missouri-based beverage packager that was severely affected by the cancellation of a key order from its biggest customer. Among the tasks performed by Barry Davis and Chuck Keenon, consultants at Moglia Advisors, prospective buyers were sought out for the operation. Ultimately, a bankruptcy was filed and the sale of assets was completed under court supervision.

Distribution/Wholesale
Moglia Advisors served as the assignee for the benefit of creditors of National Liquid Packaging, LLC, a private label liquid packaging business that served household cleaning and automotive care companies. Barry Davis, of Moglia Advisors, managed the completion of work in process inventory, billing, collections of accounts receivable, sale of raw materials, disposition of non-saleable inventories and miscellaneous supplies, and the auction sale of the machinery and equipment to an industry competitor.

Manufacturing
Moglia Advisors served as the assignee for the benefit of creditors of Applied Composites, Inc. and Diversified Composites, Inc., manufacturers of fiberglass components for industrial and consumer applications. Moglia Advisors managed the completion of work in process inventory, billing and collections of accounts receivable and the auction sale of the real estate. Moglia sold the intellectual property, machinery and equipment to a Chinese multinational company.

Manufacturing
Alex Moglia of Moglia Advisors was appointed trustee of JM Products, makers of ISOPLUS ethnic hair care products, one of the largest and oldest family owned ethnic hair care producers in the United States. Moglia Advisors, the trustee's financial advisors, oversaw the continued operations of the business until the successful sale of the company for $1.8 million over the stalking horse bid.

Manufacturing

Moglia Advisors served as the assignee for the benefit of creditors for a stainless steel processor using tungsten inert gas (TIG) and related processes. Barry Davis was lead consultant which resulted in the ultimate sale of the company within 30 days. The assets of the company were sold to a Tennessee based manufacturer that continued the operations of the business.

Printing

Alex Moglia served as trustee/assignee under the assignment for the benefit of creditors for a commercial printer in Itasca, Illinois.  Operations continued under the assignment for the benefit of creditors until the assets were sold to another company in the printing business.  The assets were sold for $1.875 million.  The combined entity continues to operate at the Itasca facility.  Moglia Advisors served as financial consultants and facilitated negotiations between the buyer, seller, landlord and secured lender. 

Real Estate
Alex Moglia of Moglia Advisors was appointed receiver for a sixty-nine unit single family home development in New Lenox, IL known as Sanctuary Pointe. The Moglia team contracted for street repairs and other minor construction and worked with the Village of New Lenox to assure that the development was well maintained and up to code. The Moglia team also assisted in marketing the property which was eventually sold to another developer.

Technology
At the request of a secured lender, Alex Moglia, President of Moglia Advisors, was recently appointed federal receiver for two related computer software services companies in the U.S. District Court for the Southern District of Ohio. Within 24 hours of appointment, Mr. Moglia and his staff at Moglia Advisors, tracked down the principal of these businesses and caused him to enter into immediate settlement discussions with the lender. The principal of the companies had tendered what appeared to be falsified financial information to the lender.

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