Morgan Keegan offers distressed companies a wide spectrum of financial advisory services relating to out-of-court workouts and court-supervised proceedings. Restructuring services include negotiating with holders of current obligations, preparing needed documentation, providing expert testimony and, if appropriate, advising in potential business combination or asset sale transactions.
Simon Transportation Transaction Client Focus
Client: Simon Transportation Services, Inc.
(Nasdaq: SIMN) Temperature-controlled truckload carrier headquartered in Salt Lake City, Utah
Assignment
Public company, court-supervised asset sale
Reason for sale
In bankruptcy, the estate retained Morgan Keegan to explore the company's strategic alternatives, including the sale of assets
Buyer: Central Freight Lines, Inc.
Trucking company based in Waco, Texas