Focus Management Group

Automotive Industry Experience

RV Manufacturer & Dealership

Industry:

Automotive

Company:

$1.2BN Recreational Vehicle ("RV") Manufacturer and Dealership

Situation:

A leading RV manufacturer and dealership had been experiencing the effects of the industry-wide reduction in wholesale units. The Company had very little liquidity and was unable to keep its manufacturing operations running.

Focus Scope:

Focus Management Group was engaged as Financial Advisor to the Debtor to provide advisory services during its Company’s Chapter 11 filing.

Tasks Performed:

  • As Financial Advisor, Focus Professionals prepared the necessary info required for filing, including data needed for first day motions.
  • Developed an improved cash collateral budget
  • Prepared SOFAs and schedules and conducted monthly operating reports

Results:

  • All RV manufacturing assets were sold to Navistar, Inc. for $52 million, along with the sale of several motorhome resorts for $16 million.
  • The secured lenders were paid in full, which was originally not expected.
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