AWI

Summary

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.

AWI

Summary

Chief Restructuring Officer

Key Challenges

Engagement Highlights

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