Tectrol Inc. (“Tectrol”) developed and manufactured power supply units for electronic devices. Tectrol’s products were components of equipment sold globally in the medical, broadcast, network and industrial markets. It employed approximately 150 individuals.
We were retained as an advisor by Tectrol to consider its viability. We worked with the owner to develop restructuring strategies under various scenarios which took into account its customers’ reliance on its products. Subsequently, as Proposal Trustee, we oversaw and assisted Tectrol to execute a sale process focused on a going-concern sale.
Due to strong market interest in Tectrol’s business, we completed an agreement of purchase and sale with a strategic purchaser, which preserved the business and saved more than 100 jobs.