Bulk Materials, Inc.

Summary

Interim Management

Cleveland, OH

BMI was one of the nation’s largest over-the-road transporters of liquid and dry bulk commodities. The company operated a portfolio of 75 terminals in 22 states and had more than 2,000 employees

CMA professionals were appointed CRO and CFO at BMI Holdings (“BMI”) and successfully guided the Company through a Chapter 11 bankruptcy.

Successfully emerged from Chapter 11 via plan of reorganization

Engagement Highlights

During the engagement, CMA conducted extensive diligence into the Company to gain detailed knowledge of the Company’s financial and operational performance, created and monitored the 13-week cash flow, actively managed the cash position, managed the equipment and inventory through dispositions and constantly worked with the lenders throughout the bankruptcy process
Additionally, CMA organized and prepared multiple divisions for sale
- CMA professionals identified and contacted potential buyers, coordinated due diligence, aided in the negotiation of terms and sold multiple divisions
CMA additionally aided in the raising of new bank financing facilities provided by ITT and Barclays
The exit financing supplied BMI with ample liquidity and working capital to operate and to grow

Bulk Materials, Inc.

Summary

Interim Management

Engagement Highlights

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