Engagement:

Manufacturer and Distributor of Smoke Alarms and Carbon Monoxide Detectors (American Sensors Electronics Inc.)

Manufacturing

Nature of Engagement

Court Appointed Monitor under a CCAA proceedings, and subsequently appointed as Receiver, of a NASDAQ/TSX listed manufacturer having operations in Ontario, Mexico, the U.S.A, and the U.K.

Summary of Strategy Employed & Outcome

We operated the Company for several months and negotiated a going concern sale of the business, resulting in full payment to the major secured creditors of approximately $15 million.

Creditor or Employee Inquiries

Alan Spergel

Managing Partner

Let's start a conversation.
Contact us today.