RECENT PROJECTS

Sub-Prime Lending & Rental Car Franchisee

Sub-Prime Lending & Rental Car Franchisee


An absentee owner hired MCA to investigate critical liquidity crunches at two companies. MCA’s experts discovered losses stemming from fraudulent. Nine secured lenders appointed MCA to an independent leadership role. MCA took control of the companies, managed cash and operations, and developed a Plan to maximize recovery for all lenders. MCA collected on loans, repossessed and sold equipment at auction, and recovered on malpractice and other litigation matters, resulting in recoveries for creditors and relief for the borrower.
$20MM Loan Receivables
$25MM Annual Revenue
MULTI-STATE

Mobile Banking App

Mobile Banking App


The secured lender engaged MCA Financial Group to verify the borrower’s Enterprise Value. MCA consulted with stakeholders, determined the scope and timing of the valuation, and launched into a thorough and focused assessment of the company’s industry, business model, and financial data. MCA interviewed management and investigated industry-specific M&A transactions, competitors, and financial metrics. MCA’s comprehensive valuation report established the loan balance was adequately secured, providing for future economic resilience.

$28MM
SOUTH AMERICA

Community Hospital

Community Hospital


The hospital opened without requisite working capital and soon faced a financial crisis. The secured debt was funded through an EB-5 Visa program, a USCIS program for foreign investors created to stimulate the U.S. economy through job creation and capital investment. Approximately 112 foreign families pursuing green cards comprised the $56 million EB5’s debt. MCA secured a senior real estate lender to fund operations and the restructuring plan.

$45MM
ARIZONA

Physician Group Medical Practice

Physician Group Medical Practice


Hired by both parties in a divorce, MCA’s professionals completed a business valuation of a multi-physician medical practice. MCA analyzed the financials, interviewed the parties, researched the industry and the market, addressed growth options, and selected a valuation approach. MCA’s attentive team delivered a thorough and objective business valuation that served as a basis for the divorce settlement.

$1.6MM
ARIZONA

Warehouse

Warehouse


After opening a second 500,000 sq. ft warehouse, the company ran out of cash and faced shutdown, as the secured lender was not willing to advance on operating losses. MCA implemented a plan to consolidate ops, reduce inventory, and adjust costs to regain break even cash flow. MCA secured real estate and ABL lenders through a successful sale process, resulting in full recoveries/recoveries for the secured/unsecured lenders.

$240MM
REGIONAL

Neutraceutical Supplements

Neutraceutical Supplements


MCA Financial was retained to review the annual forecast and conduct a business assessment. MCA analyzed the company’s data, revenue, cost inputs, projected financials and additionally identified opportunities for improvements within the operations. A 13-week cash flow and detailed analysis and more was presented, advising the company on a path toward liquidity and growth.

$217MM
NATIONAL

Food Processing

Food Processing


MCA was the court appointed receiver for a group of companies 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. 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

Car Washes

Car Washes


MCA was engaged by the lender in a non-dischargeability case against an individual Debtor for a judgment of $17MM. MCA investigated historical activity, and provided expert reports and testimony illustrating fraudulent financial statements and unauthorized use of loan proceeds. MCA’s independent and objective work researching the facts assisted the court in concluding that the debt was, in fact, non-dischargeable to the debtor.

$25MM
ARIZONA

Auto Dealerships

Auto Dealerships


The owners of the auto dealership engaged MCA Financial to review its LOI and the terms and documents of its prospective sale and building lease. MCA detailed findings in a report, which advised the seller on the terms of the sale and the proposed lease of the building to the prospective buyer, resulting in an increase in the sale price and to more favorable lease terms with the buyer.

$20MM
SOUTHWEST

Commercial Development

Commercial Development


MCA Financial Group was hired by a family office to perform due diligence and the valuation of a 200MM real estate investment opportunity. MCA’s team’s real estate industry experience was key in its ability to quickly and expediently evaluate and report on the investment opportunity, empowering its client to proceed with confidence and resolve.

$200MM TRANSACTION ON VALUE
SOUTHWEST

Customized Vehicles

Customized Vehicles


MCA was engaged by counsel to serve as the economic damages expert and to analyze and rebut the plaintiff's claims for damages. MCA’s established material errors and flaws in the plaintiff's damages calculations and assisted the defendant’s legal counsel in prevailing on summary judgment, resulting in a dismissal for its client.



REGIONAL

Publication

Publication


Retained by Secured Lender after payment default by borrower. MCA was appointed as a Responsible Party by the Bankruptcy Court in NY to oversee and maintain operations during the pendency of the Ch. 11 case. Lender credit bid to own business and retained MCA to manage and rebuild profitability and then manage the business sale process two years later.

$40MM
NEW YORK, PENNSYLVANIA,
TEXAS, ARIZONA

Farming & Real Estate

Farming & Real Estate


Selected by extended family members who were partners in 400 acres of developable land to serve as an independent party to manage the assets and develop and execute a multi-year exit plan. Upon completion, MCA distributed cash proceeds to the family members.



SOUTHWEST

Oil Country Tubular Goods

Oil Country Tubular Goods


MCA was retained to develop and implement an operational restructuring plan together with management and advise on loan restructuring and financing. With management, successfully reduced excess working capital, restructured or eliminated unprofitable customer relationships and improved EBITDA.

$150MM
TEXAS/CENTRAL US REGION

Used Car Sales / Auto Finance

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

Avionics Manufacturer

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

Plastics Recycling

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

Manufacturer of Mobile Antennas

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

Hotel/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

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

Pawn Shop/Title Loan Chain

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 and Assisted 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

Restaurant / Brew Pub Franchise

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

Bar/Liquid Soap Manufacturer

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

Remanufacturer of Toner Cartridges

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

Apparel Manufacturer and Direct Sales

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

Physician Group Medical Practice

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

Attendant Healthcare Services

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

Blood and Drug Testing Services

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

Sand & Gravel Operations

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

Restaurant Franchise

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

Merchant Services Processing

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

Fast Casual and QSR

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

Ticketing and Fan Engagement Technology

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

Sub-prime Automotive Dealer-Lender

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 Parts Manufacturer

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

Concert Promotion Business

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

ceramic

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

Warehouse

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

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 Processing

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

3PL

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

O&G Field Services

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

Waste and Recycling

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

Hotel

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

Condominiums

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

Ice Cream Stores

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

Grocery Store

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

Mortgage Servicer & Insurance Recovery Provider

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

Ceramic Break Pad Manufacturer

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

Construction

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

Flight Control Displays

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

Communications Equipment

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

Utility Repair & Maintenance

Utility Repair & Maintenance


A national utility repair and maintenance firm was sued by a utility for allegedly causing a catastrophic failure of a 240 megawatt power generation facility. MCA was retained by the repair firm to counter damage claims for replacement costs in excess of $35 million. MCA successfully prepared a damage analysis report that was used in the settlement process for this matter—resulting in a favorable outcome for the client.



REGIONAL

Commercial Office

Commercial Office


MCA was engaged as receiver and property manager by the secured lender. The three-story building was 60% occupied at appointment with deferred maintenance issues. MCA worked through its standard receivership checklist, identifying irregularities between the bank statements and balance sheet cash accounts. At request of the lender MCA drilled down to discover nearly $150,000 had been diverted from the operating account to the borrower and several vendors. MCA worked with counsel to get the monies returned to the lender.

$73,000 sq.ft.
TEMPE, ARIZONA