For many businesses, their first acquisition is the most daunting, with uncertainties and concerns about risk, cost, and process—heightened when dealing with a distressed transaction. MCA was engaged by a large non-profit Federally Qualified Health Center (FQHC) in the Southwest to execute its first-ever acquisition. As a provider of a...
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Reprinted from Sarah Lapidus • Arizona Republic PHOENIX, AZ (Oct. 22, 2024) – A court-appointed financial professional will manage all property owned by the son and daughter-in-law of Santa Cruz County's former treasurer, who is facing a lawsuit for allegedly embezzling roughly $39 million in public funds. That's according to a Pima...
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MCA Financial Group assumed the role of Receiver for a software-as-a-service provider specializing in point-of-sale solutions for the restaurant, bar, and nightclub sectors. The company boasted a nationwide presence and annual revenues of $6 million, historically demonstrating robust transaction volumes and a diversified revenue stream encompassing software subscriptions, ongoing support,...
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At the request of the mezzanine lender, the District Court of Santa Fe, New Mexico, appointed MCA Financial Group Receiver of Bishop’s Lodge, a five-star 100-room luxury resort located in Santa Fe, New Mexico. The resort was amid construction and pre-opening preparation when it came under the Receivership's purview; MCA’s...
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As a court-appointed Receiver, MCA Financial used its expertise in restructuring to operate and sell three divisions of an Arizona company, leading to significant recoveries for the secured creditors. The business, generating revenues of $60 million and consisting of three operating divisions, engaged in contract manufacturing of nutritional supplements, production...
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Investigating material loan defaults and potential fraud. The asset-based lender to an $80MM multi-location Buy-Here / Pay-Here auto dealerships and related finance companies engaged MCA Financial to investigate material loan defaults and potential fraud. It was discovered that the company had been repeatedly falsifying its borrowing base, drawing millions...
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