Hitchcock Industries, Inc.
Hitchcock Industries, Inc. (“Hitchcock” or the “Company”) is a $40 million provider of sophisticated, premium-quality aluminum and magnesium aerospace precision castings and assemblies for its global customers in the commercial and defense industries.
The Official Committee of Unsecured Creditors retained SSG to advise it with respect to the Debtor’s strategic alternatives, to arrange financing for a potential creditor-sponsored plan of reorganization and to provide oversight to the Debtor’s sale process.
SSG provided investment banking services to the Committee, including evaluation of the Debtor’s strategic alternatives, oversight of the Debtor’s turnaround advisor in its execution of the Debtor’s sale process, and developing financing alternatives to fund a potential creditor-sponsored plan. SSG’s efforts contributed to a full recovery for unsecured creditors in respect of their pre-petition claims.