DSI'S Role

Chief Restructuring Officer and Financial Advisor

Services Provided

  • Business Plan Analysis
  • Crisis & Interim Management
  • Financial Restructuring
  • Sale of Assets


Case Highlights

  • Assessed strategic and non-core business units
  • Consensual, out of court restructuring
  • Turned operations of remaining units to profitability in 12 months

Case Narrative

Clore Automotive, LLC is a marketer and distributor of branded products including battery chargers, portable power, welding and cutting equipment, lifting equipment (jacks) and fluid exchange products sold through traditional automotive retail channels.  DSI was engaged by the company’s equity sponsor to provide a preliminary assessment of the company and to make recommendations for its rehabilitation.  Our role was then expanded to include Chief Restructuring Officer. The company divested through a sale of two underperforming business units, consolidated its facilities and operations and “right-sized” its overhead and staffing, resulting in a swing to profitability and a significant reduction in senior debt balances.