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.…
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…
Amco Products, Inc. and NLR Properties, LLC (Dayton, 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. • Maximize recovery of asset value for all creditors. Problem • Amco Products saw many…
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…
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…
Screw Machine Products Company (Amelia, Ohio)
NGA Role • NGA was retained at the recommendation of the secured lender to provide turnaround consulting, management coaching and refinancing guidance. Problem • Third-generation managed company had fallen on hard times due to loss of major customers, lack of cash to purchase raw materials, lack of credit with vendors…
THR, Inc. Receivership (Hamilton, Ohio)
NGA Role • NGA appointed as receiver over certain real estate of this company by Butler County Court of Common Pleas. Problem • These distressed multi-family properties were in neglect due to lack of capital for repair and maintenance. • Affordable Housing deed restrictions posed challenges in marketing properties for…
David Robinson Receivership (Cincinnati, Ohio)
NGA Role • NGA appointed as receiver over these two multi-family apartment buildings by Hamilton County Court of Common Pleas. Problem • These two buildings were experiencing vacancy issues, operating problems and tenant distress. NGA Solution • NGA retained a management firm to provide day-to-day management in this multi-family situation.…
Darnell Walker Receivership (Cincinnati, Ohio)
NGA Role • NGA appointed as replacement receiver over this real estate Hamilton County Court of Common Pleas. Problem • NGA learned that original receiver had allowed this vacant property to be heavily vandalized and rendered unlivable. NGA Solution • NGA secured the property. • NGA listed this property for…
Fortress Storage Receivership (Milford, Ohio)
NGA Role • NGA appointed as receiver over the real estate of this company by Clermont County Court of Common Pleas. Problem • Distressed self storage facility needed to be managed on a day-to-day basis, revenues and profits increase and sold along as a going concern. NGA Solution • NGA…
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