AEG Builds Value in Construction [more]
10/15/2021AEG was recently retained as CRO for a private equity backed nationwide roll up of construction service businesses. Suffering from a variety of issues including poor performance during the pandemic, heavy management turnover, and a critical loss of bonding capacity, the Company was facing a severe liquidity crisis when AEG took on the role. AEG immediately created visibility into the company’s cash position, stabilized operating performance and exited certain underperforming markets, while garnering lender support. After evaluating viable paths forward for the company, AEG orchestrated a timely sale of each of the remaining business units to preserve the going concern value of the businesses.