Cleveland, OH
Carl Marks Advisors (CMA) served as Chief Restructuring Officer (CRO) and Chief Financial Officer (CFO), successfully guiding the company through a Chapter 11 bankruptcy. CMA achieved a reorganization plan, conducted extensive financial and operational diligence, managed a 13-week cash flow plan, and oversaw equipment and inventory dispositions. CMA also prepared divisions for sale, identified buyers, coordinated due diligence, and facilitated sales. Additionally, CMA secured new financing from ITT and Barclays, providing BMI with the liquidity and working capital needed for continued operations and growth.
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New York City
900 Third Ave
33rd Floor
New York, NY 10022
212.909.8400
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