Engagement Story

Advisor to Secured Creditor of Propane Distribution Business

Inglewood was hired by a private lender to evaluate recovery options to a borrower in the oil and gas distribution business.  Inglewood confirmed the suspicions of the lender that the propane distribution part of the business held promise and assisted the lender with a secured party sale which generated much higher proceeds vs. liquidation.  Inglewood also provided a detailed operational review and assessment of the business to the new management team and ownership including establishing a new chart of accounts and reporting structures, budgeting process and supply and distribution strategies.