Wellstone Mills
We are pleased to announce that Brookwood Associates advised Wellstone Mills, LLC in a transaction with Parkdale Mills, Inc. The transaction illustrates Brookwood’s expertise with companies facing critical debt service complications. We worked effectively under tight time constraints and challenging business conditions to consummate a solution acceptable to Wellstone and to its lender.
In the Wellstone assignment, Brookwood crafted comprehensive marketing materials highlighting Wellstone’s technical capabilities and its importance to its end-markets. We designed a focused marketing process which identified a range of creative transaction alternatives. Wellstone consummated a transaction with Parkdale that addressed the Company’s debt service requirements and saved approximately 450 jobs in the Company’s four yarn-spinning facilities.
Assisting companies facing excessive leverage or bankruptcy with financing or sale transactions remains a core business for Brookwood. While many of our recent distressed assignments have involved the restaurant, chemical and textile industries, we have broad experience involving situations in a wide range of industries.
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