Chief Restructuring Officer

Robesonia, PA

Founded in 1962 and headquartered in Robesonia, Pennsylvania, AWi is a cooperative food distributor that provides distribution and retail services for supermarkets and convenience stores. Annual sales of ≈$2.5 billion a year.

At the time of hire the Company was in violation of their covenants and the Company’s liquidity was almost zero.

Key Challenges
Industry Challenges
Bankruptcy Support
§363 Sale

Engagement Highlights

  • Retained to provide financial advisory and investment banking services and assist the Company in the exploration of strategic alternatives, including a potential asset sale.
  • Responsible for managing all day-to-day executive and restructuring responsibilities of the Company including;
    • Liquidity management
    • Inventory management
    • Vendor negotiations
    • Purchasing strategy
    • Cost reductions
  • Advised Company through bankruptcy filing and sale of substantially all its assets to C&S Wholesale through Section 363 of the Bankruptcy code.

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