Helping Your Business Take Root and Grow!
LinkedIn Facebook Yelp Twitter Email RSS Feed

Service Companies

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 business operations and real estate [ Read More ]

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 and obtain a sale of [ Read More ]

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 • NGA secured the premises. [ Read More ]

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 secured creditor sought a receiver [ Read More ]

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 the company in Common Pleas [ Read More ]

Ole Fort IGA, Logan Street IGA and 709-711 Black Eagle Drive (Fort Recovery, and Celina, Mercer County, Ohio)

NGA Role • NGA appointed receiver by Mercer County Common Pleas court over the operating grocery store in Fort Recovery, Ohio and the shuttered former grocery store property in Celina, Ohio. • Subsequently the owner’s residential property was added to the receivership at the request of the secured creditor to obtain a receiver’s sale of [ Read More ]

Phoenix Formations, Inc. (Cincinnati, Ohio)

NGA Role • NGA was initially approached by the senior secured creditor in this matter to act as court-appointed receiver to operate the business and liquidate its assets. • NGA was appointed by the Hamilton County Common Pleas Court to maximize the recovery of Phoenix Formations assets for all creditors. Problem • Owner bought out [ Read More ]

Trade Show Display Company (Hebron, KY)

NGA Role • NGA having recently completed the liquidation of Phoenix Formations was sought for this engagement of a similar business. • NGA was engaged as liquidation agent for the secured lender to this defunct business in order to maximize the recovery of asset value. Problem • Trade Show Display Company was shut down when [ Read More ]

Tekaho, Inc. d/b/a Alaska Acres Care Center (Cincinnati, Ohio)

NGA Role • NGA was appointed receiver in Hamilton County Common Pleas Court to operate and recommend to the court the whether the facility would be closed, sold as a going-concern or some alternative outcome. Problem • This 68 bed skilled long-term care facility was operating at too low a census and collections on resident [ Read More ]

South Ross, LLC (Brown County, Ohio)

NGA Role • NGA was appointed receiver in Brown County court to operate and sell two car washes; one in Fayetteville, Ohio and the other in Mt. Orab, Ohio. Problem • Management mismanaged these car washes and stopped making their secured creditor payments. • Secured creditor foreclosed and asked for the appointment of NGA as [ Read More ]