Senior management recognized a need to replace their CEO, the major shareholder. Several errors in judgment had led the firm into serious defaults with secured and unsecured lenders.
A dairy, with a national reputation for quality, was facing 30% reduction of revenue inside of six months.
An LTL trucking company had acquired two competitors, but quickly discovered incorporating operations was very challenging--so much so the enterprise's survival was threatened.
In an industry that requires 50% of product offerings be new each year, a client ran out of offerings.
Lender holding shares for collateral, opted to exercise its rights, and vote in new board and management in one of the country's largest horticultural nurseries.
Chain of retail stores in Canada and United States were dramatically affected by economic downturns.