Industry Expertise Driving Premium Asset Recoveries
Following declines in sales, regional flooring distributor Cronin Company made the strategic decision to wind down operations and close the business.
Leveraging deep industry experience, Hyper Group advised and assisted Cronin in developing and executing a comprehensive wind-down plan that included shuttering its primary distribution center and seven remote sales branches. Hyper Group sold approximately $14 million in inventory through an orderly liquidation sale on behalf of the secured lender. In addition, we auctioned the distribution center’s material handling equipment, racking, and related assets.
Hyper Group delivered premium recovery values of the company’s assets, navigating tight and continuously shifting timelines and numerous operational complexities.
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