QPM Aerospace

QPM Aerospace

Appointed Chief Restructuring Officer of QPM, a Portland, Oregon based company that manufactured landing kits for the Boeing 737. At the date of the appointment, the company was negotiating a renewal of the Boeing contract while simultaneously attempting to renegotiate their in default credit facility. Boeing was not going to extend the contract unless the lender wrote off a significant portion on the debt, but the lender would not agree to that without a renewal of the contract. We resolved the impasse, by getting both Boeing and the lender to give us time to sell the company. The resulting sales process recovered 40% more than expected and put the company in the hands of a buyer that had the confidence of Boeing.