Trans-Industries

Situation

Trans-Industries (“Trans” or the “Company”) was a publicly traded manufacturer and global marketer of proprietary electronic information, lighting and environmental systems for transit vehicles, highways and commercial applications in North America and abroad.

The Company was both a subcontractor and a direct supplier on major contracts with state and regional transportation authorities and leading corporations.

Trans encountered financial difficulties due to declining revenue and the cost of being publicly traded.

Amherst Partners was brought in as a financial advisor to the Company.

Solution

Amherst Partners ran a competitive sales process of three business units to maximize shareholder recovery and attempt to capture a premium to the banks preferred liquidation value.

Amherst advised the Company, the secured lender and creditors on a multi-faceted sale process of its main operating units and a wind down of non-viable units.

Due to lender constraints, the sales process had to be expedited.

Results

Amherst Partners was successful in selling all three of the business units which were deemed viable. The shareholder recovery was significantly in excess of the banks expected liquidation value.

Two of the units were sold in 60 days and the fourth unit was sold in 120 days.