Stag-Parkway
At the time of this assignment, Stag-Parkway was a $60 million wholesale distributor of RV parts and accessories.
Engagement Goals
Following an LBO, Stag faced with significant pressure from its primary lender. The Company engaged Brookwood to serve in an advisory capacity. After assisting Stag evaluate various sale and recapitalization alternatives, Brookwood helped Stag finalize a recapitalization transaction.
Engagement Process and Outcomes
The Challenges – Stag's primary lender was considering liquidation, sale or recapitalization.
The Solution – Brookwood analyzed sale and recapitalization alternatives, marketing the situation to strategic acquirers, equity investors, and lenders. Brookwood communicated the results to the lender and the equity owners and assisted in the evaluation of the alternatives.
The Result – A $14 million recapitalization was consummated with GE Capital, consisting of an asset-based loan and subordinated debt with warrants.
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Stag-Parkway – advised this distributor of recreational vehicle aftermarket parts and supplies on a restructuring of its balance sheet
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