Cratos Advisors Completes Sale of Machine Laboratory’s Anjon Business Unit

Scottsdale, AZ—Cratos Advisors was engaged as CRO of Machine Laboratory, LLC in November 2015 after the company went through a four-year total revenue decline of 28% and the total loss of a 24% EBITDA margin. Machine Laboratory is an ISO-certified engineering and high-precision manufacturing company with facilities in Lenexa, KS, St. Louis, MO and Jacksonville, FL and they specialize in the engineering, design and high volume manufacturing of critical, ultra-high precision CNC parts for a wide range of markets that includes aerospace, automotive safety, automotive OEM, medical, defense, industrial, oil & gas and power generation. To learn more about Machine Laboratory or Anjon please visit Machlab.com or anjoninc.com.

Cratos Advisors has been pursuing a number of strategies to deal with the parent company’s $75.0M in secured and subordinated debt and the sale of the company’s Anjon, LLC business unit located in Jacksonville, FL is one of the many steps being taken to deal with the debt and liquidity issues. The Anjon facility is FDA registered and provides engineering, design and manufacturing solutions for leading medical device companies. The sale price negotiated by Cratos represents a 50% premium over previous offers and was an all cash asset sale to a private investor with industry experience.

Dennis Gerrard, Cratos’ Managing Director, commented that “the sale of the Anjon business unit represents a positive outcome for all parties; it provided a measurable premium and liquidity to the secured parties, the buyer recognized a genuine value and the work force remains in place.”

Cratos Advisors is a professional advisory firm with a staff that has assisted hundreds of debtor clients to achieve improved operations and/or survival with turnaround and restructuring programs focused on optimizing operations prior to financial restructuring. Their professional services include but are not limited to Chief Restructuring Officer, Financial and Operational Advisors, Bankruptcy Advisory, Corporate Recovery, Crisis Management, Interim Management, Mergers & Acquisitions, Operational Evaluations, Refinancing and the Sale of Businesses or Assets. To learn more please visit www.cratosadvisors.com or contact Ron Turcotte, Managing Partner, at 770-605-7100 or email rturcotte@cratosadvisors.com.

 

 

Cratos Advisors Hired to Serve as Executive Chairman to Domestic Oil/Gas Drilling Equipment and Services Company

Cratos Advisors was recently engaged to serve as the Executive Chairman of the Board of Directors of a supplier of drilling equipment and services to domestic on-shore rig operators around the U.S.  The private equity backed company is dealing with multiple challenges systemic throughout the industry as a result of ongoing depressed commodity prices and reduced drilling demand.  As Executive Chairman, Cratos Advisors plans to negotiate a solution to the company’s current leverage issues, identify and implement further initiatives to drive efficiencies through the operations, and develop a go-forward strategy that solidifies its future value proposition.  To learn more, contact Ron Turcotte, Managing Partner,  at 770-605-7100 or rturcotte@cratosadvisors.com.

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