ENGAGEMENTS

A FEW OF OUR MOST RECENT PROJECTS

MCA Financial Group practices nationwide, serving clients from a variety of different industries. Our experience in various industries, as well as technical expertise in Corporate Restructuring, Litigation Support & Expert Testimony, Mergers & Acquisitions, and Valuation Services, enable us to provide quality solutions in a timely manner.

 

RECENT ENGAGEMENTS

Automotive

Used Car Sales / Auto Finance


MCA investigated material loan defaults and potential fraud for the asset-based lender and was subsequently appointed receiver by the Chancery Court. MCA mobilized quickly to take control of finances, maximized collateral, and executed on the sale of the remaining loan portfolio.

$80MM
MID-ATLANTIC REGION

Aerospace, Airlines & Aviation

Avionics Manufacturer


MCA established valuation objectives, distinguished the company among competitors, vetted strategic and financial buyers, created sale materials, established the data room, negotiated the Asset Sale Agreement, and successfully closed the transaction.

$125MM
INTERNATIONAL

Services & Franchising

Plastics Recycling


MCA was appointed Receiver to oversee and maintain operations and assist in the resolution of a shareholder dispute. MCA restored the accounting and reporting operations, and lead the shareholders through to a negotiated resolution.



ARIZONA/CALIFIORNIA

Manufacturing & Industrial

Manufacturer of Mobile Antennas


MCA was appointed Receiver during a shareholder dispute to oversee and maintain operations and lead the company through a court ordered dissolution process. MCA lead operations and managed a successful sales and marketing effort for the business resulting in a Court approved sale.

$15MM
MIDWEST/SOUTHWEST REGIONS

Gaming, Leisure, and Hospitality

Hotel/Hospitality


MCA engaged by debtor as financial advisor to assist with all aspects of a Chapter 11 restructuring plan and to provide testimony during bankruptcy proceedings. After the Chapter 11 Plan confirmation, the Debtor retained MCA as Disbursing Agent.

$35MM
WEST/SOUTHWEST REGION

Real Estate & Construction

Real Estate


MCA was appointed Receiver by the rightful owner though a foreclosure sale. Prior owner claimed the sale was defective and MCA was appointed by the State court to control the real property, its use and maintenance during the pendency of the dispute.



ARIZONA

Financial Services, Banking, & Lending

Pawn Shop/Title Loan Chain


MCA Financial Group provided litigation consulting services and forensic accounting services. MCA issued an independent and compelling expert report, testified at trial, and successfully rebutted the opposing expert opinions. The court found in favor of MCA’s client.

$10MM
METRO PHOENIX, ARIZONA

Senior Living

Senior and Assisted Living


MCA was retained by the owner and manager of a portfolio of skilled nursing and assisted living facilities to assist with lender negotiations and board governance. MCA provided advice on financing, financial planning and restructuring.

$25MM
SOUTHWEST REGION

Food Services & Franchising

Restaurant / Brew Pub Franchise


MCA was retained as an expert witness by the Franchisee of this national restaurant chain when the Franchisor breached the franchise agreement non-compete zone. MCA successfully developed a damages theory that was accepted by the court at trial.

$20MM
SOUTHWEST REGION

Manufacturing & Industrial

Bar/Liquid Soap Manufacturer


MCA was retained by secured lender to assist in navigating through a material loan default by its borrower on a $40 million loan commitment. Borrower was suffering losses and MCA developed strategies to trigger a recapitalization of the company including a 100% repayment to MCA's client.

$240MM
NATIONAL

Manufacturing & Industrial

Remanufacturer of Toner Cartridges


After material industry changes, MCA was appointed Receiver to manage operations and lead a sale process in an effort to repay creditors. MCA's efforts resulted in 100% recovery for all secured lenders and reduced recoveries for unsecured creditors. Neither would have been accomplished through a straight asset liquidation and MCA's ability to maintain the operations while leading a sale process greatly enhanced value.

$65MM
NATIONAL/MEXICO

Retail & Consumer Products

Apparel Manufacturer and Direct Sales


Retained by Secured lender to assist and oversee business wind-down and sale of assets. MCA Financial Group’s retail industry expertise, keen handling of shifting market conditions, and commitment to collaboration with management were key in the successful development and execution of a revised liquidation strategy.

$60MM
NATIONAL

Healthcare & Neutraceuticals

Physician Group Medical Practice


Retained to investigate inappropriate accounting and payments by a partner in this practice. MCA's report was utilized and relied upon by the physician group’s outside counsel in mediation to effectuate a settlement, saving the physician group considerable time and costs.



ARIZONA

Healthcare & Neutraceuticals

Attendant Healthcare Services


MCA completed the sale of an attendant care services company which was affiliated with Arizona’s medicaid program, AHCCCS. Retained by the owner, MCA’s team conducted a thorough valuation of the business, determined pricing, and created marketing material highlighting the business operations and financials and more.



ARIZONA

Services & Franchising

Blood and Drug Testing Services


MCA Financial was asked by the secured lender to step in and attempt some form of business sale, ensure data security and data retention, and execute on final customer billing and collections.

$125MM
NATIONAL/CANADA

Mining & Natural Resources

Sand & Gravel Operations


MCA Financial served as the exclusive advisor to the owner of a large, strategically important construction aggregates operation. MCA’s team managed the entire sale process and facilitated the due diligence and negotiations with the buyer. Numerous purchase offers were received, and a successful transaction closed.



ARIZONA

Food Services & Franchising

Restaurant Franchise


MCA developed a 36-month “pandemic” plan, which became critical for the survival of this restaurant operator that had been impacted severely by the pandemic. MCA’s forward-looking strategy included restructuring both the senior and subordinated lenders’ notes and ensuring survival and sustainability for the client, its lender partners, and its suppliers.

$110MM
NATIONAL

Financial Services, Banking, & Lending

Merchant Services Processing


MCA was retained by management and shareholders to review the already negotiated terms of its sale to a much larger strategic player in the industry. Based on MCA's strong analysis, the client successfully renegotiated the terms of the transaction, resulting in a significantly increased purchase price and improved terms for the seller.

$50MM
NATIONAL

Food Services & Franchising

Fast Casual and QSR


MCA Financial played a key role in financing for a national restaurant chain with over 100 locations.  The SBA’s Main Street Lending Program -- Expanded Loan Facility or MSELF provided an excellent restructuring solution for this pre-pandemic healthy company needing a bridge to better times.

$250MM
NATIONAL

Gaming, Leisure & Hospitality

Ticketing and Fan Engagement Technology


Retained to serve as CRO and as an independent director. MCA guided the continued operations of the business and procured a loan through the PPP program, recapitalized the company and effectuated an orderly transition with near full recovery of senior debt.

$80MM
INTERNATIONAL

Financial Services, Banking & Lending

Sub-prime Automotive Dealer-Lender


MCA was appointed as a state court receiver over the business operations of a subprime automotive dealer/lender. The case relied upon MCA’s expertise in the automotive industry to investigate vehicle title transactions and movement throughout several states in order to prove fraud and other violations by the company’s owners. MCA assisted in asset recovery and obtaining judgments for the benefit of creditors.



CENTRAL STATES

Aerospace, Airlines & Aviation

Aerospace Parts Manufacturer


MCA served as Interim Chief Financial Officer for this national aerospace parts manufacturer for approximately 10 months, on behalf of an institutional majority shareholder. MCA led business improvement plans and enhanced financial reporting. MCA supported the business sale process including due diligence, negotiations, and closing.

$25MM
NATIONAL

Gaming, Leisure & Hospitality

Concert Promotion Business


MCA was appointed liquidating trustee pursuant to a confirmed plan of liquidation regarding an alleged Ponzi scheme, in which owners of a concert promotion business had perpetrated a fraud involving in excess of $50 million. MCA was responsible for preparing detailed analysis of all cash sources and uses, negotiating final asset recovery and final distribution under the plan, and providing expert witness testimony in the U.S. Bankruptcy Court, District of Arizona.

$50MM OF FRAUD
NATIONAL

Healthcare & Neutraceuticals

ceramic


MCA was the court appointed receiver for this provider of prenatal ultrasound screening and related testing. The company shareholders were in dispute over operations and ownership, and were under investigation by regulatory agencies and was running out of cash. MCA led a successful negotiation and settlement with regulatory agencies, implemented revised procedures, closed under-performing locations, and negotiated a settlement between the shareholders resulting in the sale of the company.

$35MM
PHOENIX, ARIZONA

Distribution, Logistics and Transportation

Warehouse


MCA was retained by the board at critical juncture in growth strategy. After opening a second 500,000 sqft warehouse, the company ran out of cash and faced a business shutdown, as the secured lender was not willing to advance on operating losses. MCA developed and led a reorganization plan to consolidate operations, substantially reduce inventory, and adjust costs to regain breakeven cash flow. MCA led the company and the secured real estate and ABL lenders through a successful sale process via the Delaware Bankruptcy Court, resulting in full recoveries for the secured lenders and recoveries for the unsecured lenders.

$240MM
REGIONAL

Real Estate & Construction

Real Estate


MCA was appointed receiver over a multi-state organization holding real estate investments, limited partnership interests, and joint ventures by a group of creditors to search, secure, and recover on assets. Lender and investor obligations exceeded $100 million and the process was highly litigious. MCA successfully recovered and monetized assets for distribution to lenders and investors.

EXCEEDED $50MM ASSETS
MULTI-STATE

Food Service and Franchising

Food Processing


MCA was the court appointed receiver for a group of companies with locations in Ohio, Nebraska, and California who provided blending, packaging, and production of real dairy and dairy substitutes. The company was over-advanced on its line of credit and out of cash. Significant vendor issues existed. MCA developed and led a restructuring plan that reduced expenses and sold each facet of the business to different buyers, resulting in full payment to the bank and payment to certain unsecured creditors.

$45MM
NATIONAL

Distribution, Logistics & Transportation

3PL


MCA was the lender’s advisor for a $75 million national 3PL (supply chain management solutions, logistics services, and other related supply chain driven services). The company had identified the potential embezzlement of what was estimated to be $8 million by their Chief Financial Officer. Out of cash and in an over-advanced situation with the lender, vendors had stopped shipping and operations were at a standstill. MCA helped to identify additional embezzled funds bringing the total to $16 million. MCA was appointed Chief Restructuring Officer and successfully negotiated with the lender and vendors to reestablish production and operations. With operations reestablished the bank was able to sell its note, with minimal deficiency, to a private equity buyer.

$75MM
NATIONAL

Energy

O&G Field Services


Faced with over $50 million in debt and cash losses, MCA successfully led the sale of non-core energy related assets and restructuring of core operations, including a feed mill, sand and gravel operation, and 3PL services in an out-of-court restructuring. Creditors were repaid and the remaining operations were properly capitalized through a refinancing.

$75MM
TEXAS

Services & Franchising

Waste and Recycling


MCA was retained by one of the largest independent waste management companies in California. The company was in default with its lender and was running out of cash due to material losses from several non-core business investments. MCA developed and led a restructuring plan to divest of all non-core investments, implement operational efficiencies, reduce costs, improve cash flow, and structure a forbearance agreement with the bank.

$110MM
CALIFORNIA

Real Estate & Construction

Hotel


As receiver and property manager of the Super 8 Goodyear, MCA has successfully transitioned operations from the borrower to the receiver. Since MCA’s appointment, the Super 8 Goodyear has reported 6 profitable months resulting in a successful sale.The Super 8 Goodyear is a 90 room limited service motel built in 1986 which is located 15 miles from downtown Phoenix.

90 ROOMS
ARIZONA

Real Estate & Construction

Condominiums


During the 10 month engagement at lumiere, MCA sold 3 condominiums and turned an operating loss into an operating profit with hands on management and successful expense controls.lumiere is located at the base of Telluride Mountain in the Mountains Village community. The boutique hotel offers the finest in luxury accommodations.

18 LUXURY RESIDENCES
TELLURIDE, COLORADO

Services & Franchising

Ice Cream Stores


MCA provided business valuation services to the board of this firm to assist the board in an independent determination of fair market value during a business sale process. MCA’s analysis included in excess of 1,400 store locations, including both franchisee and company-owned stores.

1400 LOCATIONS
INTERNATIONAL

Retail & Consumer Products

Grocery Store


MCA was retained by a West Texas family to value and sell a multi-store grocery operation. MCA determined the appropriate range of values, then went to market in a targeted effort to seek the appropriate buyer. MCA led the negotiation and successfully managed the process through closing.

$140MM
REGIONAL

Financial Services Banking & Lending

Mortgage Servicer & Insurance Recovery Provider


MCA served as financial advisor to a subordinated debt holder as part of a $100 million capital structure, including senior term and revolving debt. MCA advised on restructuring plans and on a spin-off transaction in a successful debt for equity swap. MCA also assisted in post-transaction integration matters.

$45MM
NATIONAL

Automotive

Ceramic Break Pad Manufacturer


MCA was retained by a national lender to prepare an expert report containing MCA’s opinions and to provide expert witness services, as to whether an automotive brake manufacturer had sustained damages totaling up to $40 million as a result of its alleged inability to complete a “strategic alliance” with a national distributor. MCA’s expert report, which established that the plaintiff’s alleged claims had no merit, was relied upon in reaching a successful out-of-court settlement for the lender.



NATIONAL

Services & Franchising

Construction


MCA was retained by a business brokerage firm that was being sued by the buyer in a post-transaction dispute regarding standard of care. MCA analyzed the relevant documents and accounting records, and interviewed the business owners to assess the merits of the buyer’s alleged claims. MCA's expert report and expert testimony led the court to rule in favor of MCA’s client.

$10MM
ARIZONA

Manufacturer & Industrial

Flight Control Displays


MCA was retained by an international manufacturer of flight control systems to lead and manage the spin-off of a sophisticated display manufacturing subsidiary as part of a management buyout transaction. MCA performed valuation services, negotiated the transaction, and managed the process through closing—including work on ITAR and other State Department issues, given the military and defense components of the business.

$40MM
INTERNATIONAL

Manufacturer & Industrial

Communications Equipment


MCA was retained by management to perform a valuation of the company, in conjunction with a buy-back plan from minority shareholders, of this formerly publicly traded firm. MCA completed the valuation and prepared a valuation report that was distributed to the minority shareholders along with a tender offer. Management was successful in completing the repurchase of minority shares at a defensible value, which was mutually beneficial for the company and the minority shareholders.

$160MM
NATIONAL

Parts Manufacturing

Parts Manufacturing


MCA was retained as a valuation expert by a group of dissenting minority shareholders, who were forced to sell their shares as a result of a merger transaction carried out by the majority shareholder. MCA prepared a valuation report for the dissenting shares, prepared a rebuttal report for an opposing expert’s report, and testified in court in support of the valuation. The dissenting shareholders were ultimately awarded a judgment that was five times in excess of the amount previously paid in the merger transaction, plus fees and costs.

$80MM
NATIONAL

The above successes are just a few of the projects the MCA Financial Group has completed over the past 20+ years for numerous industries.
What industries do we have experience in?