Brahma Investment Group (Norwood, Ohio)

NGA Role • Sumner Saeks, of New Growth Advisors, was appointed receiver in Hamilton County Common Pleas Court to maintain and sell the property formerly operated as Quality Inn Norwood. Problem • The hotel closed in June of 2014 amid litigation in State, Probate and Federal Courts. • For sixteen…

Fortress Storage Receivership (Milford, Ohio)

New Growth Advisors was recently appointed receiver in Clermont County Common Pleas Court of an operating self-storage facility in Milford, Ohio operating as Milford Fortress Storage after a large, national lender referral. NGA operated this medium sized self-storage operation, increased tenancy and monthly operating cash flow and sold the going-concern…

Ashley Brooks, Inc. and Golf Course Management (Bethel, Batavia and Amelia, Clermont County, Ohio)

NGA Role • NGA was appointed receiver over two golf courses, a closed manufacturing operation and associated real estate including a residential property on the manufacturing premises. Problem • Need to liquidate the manufacturing operation. • Sell off the manufacturing and residential real estate. • Operate the Batavia golf course…

Tobacco Products Wholesale Distributor (Cincinnati, Ohio)

Client Tobacco Products Wholesale Distributor (Cincinnati, Ohio) Our Role New Growth Advisors was retained by owner/manager to lead a viability assessment and if possible create a revitalization plan to allow the company to return to sustained profitable operation and find a replacement senior secured lender. Problem The company’s revenues had…

Radiator Manufacturing and Wholesale Distribution Company (Northern KY)

NGA Role • NGA was engaged to lead management in determining the viability of this manufacturer of off-road, military and heavy-duty truck radiators Problem • This manufacturer was experiencing a number of changes in its marketplace that were causing significant financial distress. These included a decline in demand for its…

Screw Machine Products Company (Mason, Ohio)

NGA Role • NGA was retained to lead management in determining the viability of this entity. Problem • This once proud company had seen many of its customers begin to source their requirements in other countries with resulting loss of revenues. The company also suffered from aged equipment that while…

P&D Marble and Granite, LLC (Batavia, Ohio)

NGA Role • NGA was appointed receiver in the Clermont County Common Pleas Court. Problem • This company had ceased operation and its secured creditor had begun foreclosure proceedings. • Secured creditor sought a receiver to secure the real estate and liquidate the personal property and real estate. NGA Solution…

Executive Suites Plus, LLC (Beavercreek, Ohio)

NGA Role • NGA was appointed receiver by the Common Pleas Court of Greene County, Ohio. Problem • Former owner of this business sold the operation but continued to hold a secured debt owed by the operation and also guaranteed the lease of the operating entity to it landlord. The…

McGrath Group Management (Cincinnati, Ohio)

NGA Role • NGA was appointed receiver by the Hamilton County Court of Common Pleas to operate this business during the pendency of the dissolution lawsuit before the Court. Problem • Two owners with equal shares of this company were at odds. One had sued the other for dissolution of…

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