Chiron Financial Advisors, LLC has a proven track record of providing financial services to industries such as:
Able Garage Door Manufacturing
Able Garage Door Manufacturing offered a complete line of residential and commercial sectional garage doors to the commercial construction industry. Based in Houston, Texas, the company marketed its products through its own network of wholesale distributors in California, Georgia, Oklahoma and Texas. The company had revenues exceeding $40 million. The company had a significant shareholder dispute which led to a Chapter 11 bankruptcy protection filing. Chiron was engaged by the official committee of unsecured creditors to provide a range of financial advisory services, and to sell the company. Unsecured creditors received a significant recovery over the initial debtor plan filed early in the reorganization.
Congress Materials is a Phoenix-based company that operates aggregate-mining assets in that market. Chiron was hired to provide financial advisory services to Congress Materials in the acquisition of the aggregate facility. Chiron structured a DIP facility to U.S. American Stone and Minerals and subsequently has put a competing plan of reorganization on the table. Chiron is advising Congress Materials on both deal terms and structure.
Evans Industries, Inc. is a New Orleans, La., corporation that manufactures steel drums and packages chemical products for the majorGulf Coast refineries. The company has three production facilities including one in Houston which also engages in the packaging, warehousing and distribution of steel drums and other intermediate bulk containers. The company filed for Chapter 11 bankruptcy protection and Chiron was hired as the exclusive financial advisor to the official committee of the unsecured creditors. Chiron successfully increased the return to the unsecured creditors by a large multiple.
Southern Structures, Inc. wheredesigns, manufactures and produces custom, innovative building steel framesystems utilizing mass production techniques for a variety of industrial end-users. The business was a family owned, founded in the early 1960's and had reached more than $60 million in revenue in 2002 when it was turned over to the oldest son. Within 18 months, revenues had deteriorated, the debt had substantially increased, and long-standing employees were resigning. The company was forced to seek reorganization under Chapter 11 bankruptcy protection. Chiron was engaged by a financial buyer to purchase the distressed debt. Debtor-in-possession funding was made available to the company as part of the reorganization plan. Chiron's client was subsequently out bid in an auction process.
Headquartered in Victoria, Texas, Victoria Machine Works (“VMW”) was a seventy-year-old manufacturer of custom equipment for a variety of industrial end-users in the aerospace and defense, medical and oil and gas industries. Chiron was retained by the company to advise it regarding its financial and strategic alternatives, including advisory work through Chapter 11 bankruptcy filing proceedings. VMW was a second-generation, family owned business that had historically relied on its name and sales and marketing strategies to survive in a highly competitive industry. Prior to filing for bankruptcy protection, the company had relied on a handful of customers to consistently generate approximately $25 million in revenues with wide swings in profitability. Given the significant lead times and nature of the contracts underlying the products it manufactured, the company was unable to sustain itself given recent cost overruns and reduction in its order backlog. After commencement of bankruptcy proceedings, Chiron worked with the creditors to develop a plan to market and sell VMW's assets.
Able Garage Door Manufacturing
Able Garage Door Manufacturing offered a complete line of residential and commercial sectional garage doors to the commercial construction industry. Based in Houston, Texas, the company marketed its products through its own network of wholesale distributors in California, Georgia, Oklahoma and Texas. The company had revenues exceeding $40 million. The company had a significant shareholder dispute which led to a Chapter 11 bankruptcy protection filing. Chiron was engaged by the official committee of unsecured creditors to provide a range of financial advisory services, and to sell the company. Unsecured creditors received a significant recovery over the initial debtor plan filed early in the reorganization.
Evans Industries, Inc. is a New Orleans, La., corporation that manufactures steel drums and packages chemical products for the major Gulf Coast refineries. The company has three production facilities including one in Houston which also engages in the packaging, warehousing and distribution of steel drums and other intermediate bulk containers. The company filed for Chapter 11 bankruptcy protection and Chiron was hired as the exclusive financial advisor to the official committee of the unsecured creditors. Chiron successfully increased the return to the unsecured creditors by a large multiple.
Mexmal was formed in Laredo, Texas in 1990 to capitalize on the growing demand for computer products in Mexico. Mexmal was soon distributing its own brand, “Alaska”, as well as Dell, Microsoft, and Gateway products. Mexmal had grown to become the second largest computer distributor in Mexico with five distribution facilities. In 2004, the company's revenue had grown to more than $150 million; however, the company's margins were extremely thin. A marginal cash flow coupled with a massive debt structure led to a restructuring. Chiron was engaged to seek alternatives which ultimately included a Section 363 sale under the provisions of a Chapter 11 bankruptcy filing.
Through (13)-retail pharmacies geographically dispersed in the Southern United States, Safescript Pharmacies, Inc. headquartered in Longview, Texas, targets niche patient populations not effectively serviced by most retail pharmacies and emphasizes specialty medications that require special handling or packaging. In addition, the company provides services related to eligibility, fulfillment, insurance verification/authorization and payment. Chiron had been engaged by Safescripts to advise in a Section 363 sale of substantially all of its assets.
Switzer Petroleum Products, Inc.
Switzer Petroleum Products, Inc. owned and operated a chain of retail convenience stores and gas stations throughout the Dallas/Fort Worth Metroplex. In addition, the company provided wholesale fuel distribution services to both company-owned and/or leased facilities throughout the area. Chiron was retained by the official committee of unsecured creditors to provide a range of financial advisory services. These services included broad valuation of the company's principal assets, including real estate and evaluation of Switzer's reorganization proposals.
Cygnus Oil and Gas is an energy exploration company with significant assets in unconventional asset opportunities. These assets include Fayetteville and Caney/Woodford Shale plays. Chiron was engaged to provide restructuring and to raise additional capital for the company.
Galvez Energy Corporation is an energy exploration company with a unique and progressive business model based on the use of information technology such as seismic data acquisition, imaging, and interpretation. The company engaged in the development of special-purpose seismic programs that incorporated new and innovative approaches to data acquisition, combined with breakthrough processing and imaging technology. Chiron was engaged for the purpose of providing financial advisory services relating to a capital raise.
KT Energy Holdings, LLC is a Houston-based energy investment company that invests in upstream oil and gas assets. Chiron was hired to provide financial advisory services to KT Energy in the acquisition of oil and gas assets in Central Texas that included 38 wells covering 595 acres in Brown and Runnels Counties. Chiron advised the buyer on both deal terms and structure and now acts as the on-going manager of KT Energy Holdings, LLC portfolio companies.
MXenergy supplies natural gas and electricity to residential and commercial customers in deregulated energy markets. Since 1999, MXenergy has grown to serve more than 500,000 customers in 30 utility territories throughout the U.S. and Canada. MXenergy engaged Chiron to execute a strategy of purchasing distressed debt in a smaller competitor that was in a Chapter 11 bankruptcy proceeding. The smaller competitor had retail natural gas customers in the Chicago market and MXenergy desired to merge the distressed company into MX's Chicago operations. MXenergy was successful in acquiring the distressed debt, but was subsequently outbid for the company in the Chapter 11 reorganization.
Located in Houston, Panaco, Inc. is an independent E & P company with operations focused offshore and onshore in the Gulf Coast region. The company acquires producing properties with a view toward further exploitation and development, capitalizing on state-of-the-art 3-D seismic and advance directional drilling technology to recover reserves that were bypassed or previously overlooked. Chiron was engaged to provide financial advisory and valuation services on behalf of the senior unsecured bondholders in their evaluation of restructuring alternatives.
The Peabody Energy Corp. and Private Investor coal reserves are located on the west flank of the Powder River Basin in Johnson County, Wyoming. In the aggregate, the parties control two leases which encompass over 17,140 acres of land with 2,248 million tons of recoverable, low sulfur coal dispersed across four seams. Chiron had been engaged by these parties to advise them in a sale of their respective coal interests.
Corporation Spirit Minerals, LP
Corporation Spirit Minerals, LP is owned by Manti Holdings, Inc. and is the sister company to Spirit Drilling Fluids, Ltd. and Spirit Completion Fluids, Ltd. Spirit Minerals mines, processes and distributes barite to the oil and gas drilling fluid industry. Spirit Minerals provides wholesale distribution of barite in Evanston, Wyoming and western Oklahoma. Chiron was engaged to provide a debt placement for equipment and infrastructure relating to the expansion of the mining operation.
T-Bar X was a partnership involved in the exploration and production of oil and gas in an east Texas Leasehold. Chiron was engaged to provide valuation services and strategic alternatives including the timing of a sale.
TransTexas Gas Corp. is a Houston-based exploration and production company which entered Chapter 11 bankruptcy proceedings for the fourth time in November 2002. At that time, TransTexas had senior secured notes in excess of $220 million. Chiron, acting as financial advisor to the unsecured creditors committee, was confronted with an underperforming E&P company with significant reserves underlying annual revenues of $25 million. Given that the company's management team was closely aligned with a controlling shareholder, the business was operated to maximize value for this control group at the expense of the unsecured creditors and under secured bondholders. Chiron was charged by the committee with reviewing proposed alternatives and working with other under secured parties. Chiron was successful in these efforts and the reorganization plan of the largest unsecured senior note holder, Carl Icahn, prevailed. The unsecured creditors were granted the option of receiving a cash payment or equity in this significantly recapitalized entity.
Barnett Marine is a barge leasing, offshore construction and repair company based in New Orleans, La.. The company's leasing operations served customers with dry-bulk cargo transportation requirements along the upper Gulf Coast. In addition, the company operated two inland barge shipyards. The Company filed for Chapter 11 bankruptcy protection with more than $50 million in assets. Chiron was retained by the official committee of unsecured creditors to evaluate the company's operations and financial condition and to evaluate and develop alternatives to the company's proposed plan of reorganization. Chiron was instrumental in achieving a 100% recovery to the unsecured class of creditors.
Evans Industries, Inc. is a New Orleans, La., corporation that manufactures steel drums and packages chemical products for the majorGulf Coast refineries. The company has three production facilities including one in Houston which also engages in the packaging, warehousing and distribution of steel drums and other intermediate bulk containers. The company filed for Chapter 11 bankruptcy protection and Chiron was hired as the exclusive financial advisor to the official committee of the unsecured creditors. Chiron successfully increased the return to the unsecured creditors by a large multiple.
Evans Industries, Inc. had filed for Chapter 11 bankruptcy protection. The company refused to engage an investment bank to work on our behalf of the debtor to seek alternatives to provide the most value to the estate. Chiron, which had been providing financial advisory to the official committee, of unsecured creditors, was engaged on a sell-side success fee basis to seek a value driven alternative for the Chapter 11 estate. Chiron conducted a sell-side auction that resulted in the sale of the company to Greif Industrial & Packaging, LLC giving the estate a significant recovery.
PetroChem Inspection Services is a Houston-based company that provides diversified inspection services to the petrochemical industry, gas and energy plants, and pipelines. Chiron was retained, in conjunction with SSG Capital Advisors, to assist with the sale of the company. Chiron and SSG successfully sold the company to a European strategic acquirer.
SOLA Communications, LLC is a Louisiana-based company that provides telecommunications, safety and control systems, engineering, contracting, and network management services both domestically and internationally. The company serves oil and gas drilling and production companies, utilities, and government entities. The company filed for Chapter 11 bankruptcy protection and Chiron was retained by Upstream Investments, LLC to assist them with the purchase of the company. Chiron was successful in helping Upstream execute a letter of intent to purchase the senior secured term loan.
Spirit Drilling Fluids, Ltd. is a Houston-based company that provides drilling fluids and related well-site services to exploration and production (“E&P”) companies in the Texas/Louisiana Gulf Coast region. The Company is owned substantially by Manti Resources, a private E&P company.
Senior Debt Facility - 2005
Chiron was retained by Spirit to advise it regarding its financial alternatives. Chiron was successful in arranging a senior credit facility with LaSalle Bank.
Spectrum Acquisition - 2006
Chiron was retained by Spirit as the exclusive financial advisor in its acquisition of Spectrum Fluid Services, which enabled the company to expand its scope of services to include completion fluids.
E-Fluids Acquisition - 2006
Chiron was retained by Spirit as the exclusive financial advisor in its acquisition of E-Fluids, completed in September 2006.
Headquartered in Victoria, Texas, Victoria Machine Works (“VMW”) was a seventy-year-old manufacturer of custom equipment for a variety of industrial end-users in the aerospace and defense, medical and oil and gas industries. Chiron was retained by the company to advise it regarding its financial and strategic alternatives, including advisory work through Chapter 11 bankruptcy filing proceedings. VMW was a second-generation, family owned business that had historically relied on its name and sales and marketing strategies to survive in a highly competitive industry. Prior to filing for bankruptcy protection, the company had relied on a handful of customers to consistently generate approximately $25 million in revenues with wide swings in profitability. Given the significant lead times and nature of the contracts underlying the products it manufactured, the company was unable to sustain itself given recent cost overruns and reduction in its order backlog. After commencement of bankruptcy proceedings, Chiron worked with the creditors to develop a plan to market and sell VMW's assets.
Based in Lebanon, Missouri, All Star Gas Corp. was a public company engaged primarily in the retail marketing of propane and propane-related appliances and equipment to residential, agricultural and commercial customers. The company had revenues exceeding $100 million and filed for Chapter 11 bankruptcy protection in July 2003. Chiron was retained as the financial advisor to the official committee of unsecured creditors, and was instrumental in assisting the company to re-establish vendor credit arrangements, negotiating more favorable terms for its debtor-in-possession financing agreement, and a substantial increase in recovery to the unsecured creditors. Chiron assisted the committee by evaluating the company's assets, valuing the entity, reviewing and commenting on proposed sale alternatives and plans of reorganization. Chiron was instrumental in securing a strong plan of reorganization which provided the creditors with maximum recovery.
Chiron has on several occasions been engaged by Chevron Corp. in connection with restructuring of relationships with fuel distributors and retailers. The recent Chiron mandates for Chevron have included restructuring and expert testimony. Chiron was engaged relative to business plan feasibility of two Chevron fuel distributors and also as to structure and interest rate of the senior secured note held by Chevron.
Magnus Energy Marketing, Ltd. is a wholesale energy marketing and trading company serving natural gas producers, utilities, industrial users, and other energy wholesalers. Magnus had substantial growth from inception with revenues exceeding $500 million. Chiron handled a capital raise to increase the senior line of credit and provide alternatives for junior capital. The senior line was increased substantially and no junior facility was needed.
Chiron has been involved in a number of mandates in connection with retail electric providers in the Ercot (Electric Reliability Council of Texas) System. Chiron, as agent for the creditors of Texas Commercial Energy, successfully restructured the retail electric book of TCE and sold the assets to MPower.
Texas Commercial Energy is a retailelectric provider (REP) serving commercial and industrial customers in Texas. TCE experienced financial difficulties following a sharp rise in wholesale power prices in the Spring of 2003. TCE became the first REP in Texas' newly deregulated marketplace to file for Chapter 11 bankruptcy protection. Chiron was engaged by the official committee of unsecured creditors to evaluate TCE's plan of reorganization. Chiron worked with TCE to structure a reorganization plan that was acceptable to both the committee and TCE. The company successfully emerged from bankruptcy in December 2003.
Located just outside of Pittsburgh, Pa., Kvaerner Songer, Inc. and its wholly owned subsidiaries are the union construction arm of Kvaerner Holdings, Inc. where they provide a full range of construction, maintenance and renovation services to the North American industrial sector. Chiron was engaged by Kvaerner Holdings to perform financial advisory and valuation services in connection with its evaluation of restructuring alternatives.
Headquartered in Houston, Texas, Chemical Waste Services, LLC (CWS) was formed to acquire the assets of Houston Chemical Services, Inc., a company engaged in the storage of hazardous waste. Houston Chemical Services had assets exceeding $20 million. Chiron was retained to serve as the exclusive financial advisor to CWS. With CWS, Chiron was confronted with an engagement which leveraged all aspects of its advisory expertise. Houston Chemical Services was a defunct waste processing entity which held regulatory permits with incineration capabilities. While the company was not in compliance with the terms of the permits, more than $20 million dollars had been expended in acquiring them. After the company entered into Chapter 11 bankruptcy proceedings. Chiron successfully negotiated a compliance offer and a clean transfer of the permits with the state of Texas. Chiron also assisted the management team in raising capital to structure a “stalking horse” bid proposal to acquire the assets of Houston Chemical Services under a Section 363 sale.
PetroChem Inspection Services is a Houston company that provides diversified inspection services to the petrochemical industry, gas and energy plants, and pipelines. Chiron was retained, in conjunction with SSG Capital Advisors, to assist with the sale of the company. Chiron and SSG were successful in selling the Company to a European strategic acquirer.
Switzer Petroleum Products, Inc.
Switzer Petroleum Products, Inc. owned and operated a chain of retail convenience stores and filling stations throughout the Dallas/Fort Worth Metroplex. In addition, the company provided wholesale fuel distribution services to both company owned and/or leased facilities throughout the area. Chiron was retained by the official Committee of unsecured creditors to provide a range of financial advisory services. These services included broad valuation of the ompany's principal assets, including real estate and evaluation of Switzer's reorganization proposals.
Southern Structures, Inc. wheredesigns, manufactures and produces custom, innovative building steel framesystems utilizing mass production techniques for a variety of industrial end-users. The business was a family owned, founded in the early 1960's and had reached more than $60 million in revenue in 2002 when it was turned over to the oldest son. Within 18 months, revenues had deteriorated, the debt had substantially increased, and long-standing employees were resigning. The company was forced to seek reorganization under Chapter 11 bankruptcy protection. Chiron was engaged by a financial buyer to purchase the distressed debt. Debtor-in-possession funding was made available to the company as part of the reorganization plan. Chiron's client was subsequently out bid in an auction process.
Del Pueblo Foods is a Port Arthur, Texas-based food processing company that specializes in hand-stuffing olives with various foodstuffs. Chiron was hired by Del Pueblo Holdings, LLC as the exclusive financial advisor to pursue a sale of the company under a Chapter 11 bankruptcy filing. Chiron structured a DIP facility for Del Pueblo Holdings and subsequently sold the assets of the company.
Katz's Deli and Bar is an established deli restaurant located in Austin and Houston, Texas. The Austin restaurant opened in 1979 and the Houston location in 2000. The Katz's Deli entity was a father and son “partnership”. The relationship was severed with the son receiving a significant note and the Houston location. The father kept the Austin restaurant and significant real estate assets. The father's company soon filed for Chapter 11 bankruptcy protection. Chiron was hired as a financial advisor to the son's Houston operation. Chiron advised the son on a successful reorganization which ultimately led to the real estate being sold.
Headquartered in Houston, Texas, Garden Ridge is a leader in home-decorating accessories with 44 stores in 13 Midwest and southeast states. Citing above-market lease rates and extremely burdensome lease agreements as the central reason for the company's financial difficulty, Garden Ridge filed for Chapter 11 bankruptcy reorganization in February 2004. Chiron was engaged to perform financial advisory services on behalf of the ad hoc committee of landlords in their evaluation of the company's restructuring alternatives.
Katz's Deli and Bar is an established deli restaurant located in Austin and Houston, Texas. The Austin restaurant opened in 1979 and the Houston location in 2000. The Katz's Deli entity was a father and son “partnership”. The relationship was severed with the son receiving a significant note and the Houston location. The father kept the Austin restaurant and significant real estate assets. The father's company soon filed for Chapter 11 bankruptcy protection. Chiron was hired as a financial advisor to the son's Houston operation. Chiron advised the son on a successful reorganization which ultimately led to the real estate being sold.
Through (13)-retail pharmacies geographically dispersed in the Southern United States, Safescript Pharmacies, Inc. headquartered in Longview, Texas, targets niche patient populations not effectively serviced by most retail pharmacies and emphasizes specialty medications that require special handling or packaging. In addition, the company provides services related to eligibility, fulfillment, insurance verification/authorization and payment. Chiron had been engaged by Safescripts to advise in a Section 363 sale of substantially all of its assets.
Switzer Petroleum Products, Inc.
Switzer Petroleum Products, Inc. owned and operated a chain of retail convenience stores and gas stations throughout the Dallas/Fort Worth Metroplex. In addition, the company provided wholesale fuel distribution services to both company-owned and/or leased facilities throughout the area. Chiron was retained by the official committee of unsecured creditors to provide a range of financial advisory services. These services included broad valuation of the company's principal assets, including real estate and evaluation of Switzer's reorganization proposals.
Based in Houston, Texas, Century Care of America owned five skilled nursing and long term health facilities throughout Texas. The company provided healthcare services primarily through third-party administration of skilled nursing services under Medicare and long-term care services under Medicaid. Chiron was retained by the official committee of unsecured creditors to evaluate the company's operations and financial condition and to evaluate and develop alternatives to the company's proposed plan of reorganization. The unsecured creditors achieved a significant recovery over the initial plan of reorganization which was filed early in the case.
Clinical Labs USA, Inc. (CLUSA) was the leading provider of clinical diagnostic services to the nursing home industry. CLUSA was formed through the simultaneous acquisition of the three leading providers of clinical diagnostics to the nursing home industry. This is known as a “roll-up”. In the process of this roll-up, there were many due diligence flaws in that it was not a merger of equals and in fact, there were outstanding judgments against some of the merged entities. Chiron was engaged by the board of the CLUSA holding company to provide financial alternatives which included a Chapter 11 bankruptcy filing for one of the subsidiary companies.
Doctors' Hospital is a 229-bed Houston hospital and 50,000-square-foot medical office building serving the indigent and working-poor population. The company receives more than 75% of its revenues from government-based insurance programs. In 2003, the company began experiencing declining admissions and a shift from Medicare to Medicaid managed care. The declining admissions coupled with reduced cash flow and a $40 million debt load forced the company to seek reorganization in Chapter 11bankruptcy protection. Chiron was engaged as the investment bank to the official unsecured committee and successful in facilitating a reorganization.
Through (13)-retail pharmacies geographically dispersed in the Southern United States, Safescript Pharmacies, Inc. headquartered in Longview, Texas, targets niche patient populations not effectively serviced by most retail pharmacies and emphasizes specialty medications that require special handling or packaging. In addition, the company provides services related to eligibility, fulfillment, insurance verification/authorization and payment. Chiron had been engaged by Safescripts to advise in a Section 363 sale of substantially all of its assets.
TrueMRI, founded in 2002, is a pioneer in multi-positional weight-bearing magnetic resonance imaging service in California. TrueMRI had developed proprietary software for interpreting and delivering radiological services. The company had grown to approximately $50 million in revenue with a 24% EBIDTA margin by 2006. Chiron was engaged to provide financial advisory services relating to a private equity offering.
Based in Houston, Texas, Century Care of America owned five skilled nursing and long term health facilities throughout Texas. The company provided healthcare services primarily through third-party administration of skilled nursing services under Medicare and long-term care services under Medicaid. Chiron was retained by the official committee of unsecured creditors to evaluate the company's operations and financial condition and to evaluate and develop alternatives to the company's proposed plan of reorganization. The unsecured creditors achieved a significant recovery over the initial plan of reorganization which was filed early in the case.
Compass Bank was a construction loan lender to a Houston-based homebuilder. The homebuilder was involved in major litigation which ultimately resulted in a judgment against the homebuilder, which sought protection under a Chapter 11bankruptcy filing to reorganize its business. Compass Bank was willing to provide debtor-in-possession financing to complete the projects. The judgment creditor had objected to such financing. Chiron was hired by the lender to provide expert testimony relative to valuation of assets increasing by allowing DIP financing. Subsequently, the projects were completed and sold, and more value was realized by the estate.
Doctors' Hospital is a 229-bed Houston hospital and 50,000-square-foot medical office building serving the indigent and working-poor population. The company receives more than 75% of its revenues from government-based insurance programs. In 2003, the company began experiencing declining admissions and a shift from Medicare to Medicaid managed care. The declining admissions coupled with reduced cash flow and a $40 million debt load forced the company to seek reorganization in Chapter 11bankruptcy protection. Chiron was engaged as the investment bank to the official unsecured committee and successful in facilitating a reorganization.
Marshall Ranch is a golf course-anchored master-planned community located on the north side of Lake Travis, Texas. As initially conceived, the master plan for Marshall Ranch included 208 estate-acreage home sites on 1,400 acres. Chiron was engaged by an investor group to assist it in acquiring the senior secured indebtedness of all partnerships in bankruptcy, advise it through the bankruptcy process and propose a plan of reorganization. Chiron's client was subsequently out-bid in the auction process.
Renata Resort, LLC is a Florida-based company established to erect a 23-story high-rise condominium in Panama City Beach. The company was facing financial distress and Chiron was hired as the exclusive financial advisor. Chiron was successful in arranging a debtor-in-possession facility to allow sufficient time to conduct an auction to sell the Company, maximizing value to the estate.
Switzer Petroleum Products, Inc.
Switzer Petroleum Products, Inc. owned and operated a chain of retail convenience stores and gas stations throughout the Dallas/Fort Worth Metroplex. In addition, the company provided wholesale fuel distribution services to both company-owned and/or leased facilities throughout the area. Chiron was retained by the official committee of unsecured creditors to provide a range of financial advisory services. These services included broad valuation of the company's principal assets, including real estate and evaluation of Switzer's reorganization proposals.
Authentix is a Dallas-based company that offers a complete portfolio of anti-counterfeiting, and supply chain control solutions. Chiron was retained by the company to perform a valuation analysis and assist the company with its strategic options.
Mexmal was formed in Laredo, Texas in 1990 to capitalize on the growing demand for computer products in Mexico. Mexmal was soon distributing its own brand, “Alaska”, as well as Dell, Microsoft, and Gateway products. Mexmal had grown to become the second largest computer distributor in Mexico with five distribution facilities. In 2004, the company's revenue had grown to more than $150 million; however, the company's margins were extremely thin. A marginal cash flow coupled with a massive debt structure led to a restructuring. Chiron was engaged to seek alternatives which ultimately included a Section 363 sale under the provisions of a Chapter 11 bankruptcy filing.
CHIRON
First City Tower
1001 Fannin Street, Suite 4775
Houston, TX 77002
713.839.6200
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