Industrial Parts Depot, Inc

Assisted Industrial Parts Depot, Inc. (IPD) through a financial and business restructuring of its 60-year old family business. Since the 1950s, IPD operated a midsize manufacturing company specializing in replacement parts for diesel engines from its facilities in Torrance, California. The company sought our assistance to effectuate its plans to deleverage and outsource certain manufacturing operations. We supported the company’s attempts to negotiate consensual terms for a restructuring with IPD’s existing stakeholders, lenders, and vendors. When attempts at a consensual global restructuring were unsuccessful, we then guided the company through a Chapter 11 process to achieve the same results.