Gordian Group acted as financial advisor to Kevco in connection with the successful sale of the Company’s manufacturing subsidiary through a Chapter 11 363 sale process.
Case Study
Kevco
CLIENT: Kevco
Professionals
Henry OwsleyBusiness Profiles
Private Equity / Entrepreneur RepresentationsSituation
Kevco is a wholesale distributor and manufacturer of building products to the manufactured housing and recreational vehicle industries. The Company distributes more than 35,000 different inventory items to roughly 520 manufactured housing, RV and other manufacturing facilities throughout the United States.Kevco filed a voluntary petition for Chapter 11 bankruptcy protection, citing the unprecedented decline in the shipment of new homes in the manufactured housing industry.
Engagement
Kevco engaged Gordian Group to consummate a successful 363 Sale of Kevco Manufacturing, LP, the Company’s manufacturing subsidiary.
Outcome
Gordian Group acted as financial advisor to Kevco in connection with the successful sale of the Company’s manufacturing subsidiary through a Chapter 11 363 sale process.