Electrical Products Manufacturer Division: Phoenix Management Services Client Our client was a $27 million Manufacturer of High-tech Electrical Products for the power generation industry and magnetic resonance imaging products for the medical products industry based in Pennsylvania. Problem A severe downturn in the power generation sector caused by a sharp increase in energy costs, coupled with a questionable expansion into the medical products caused a cash flow reduction that created the inability for the Company to maintain adequate debt service. Solution Phoenix Management Services was retained by the Company’s secured lender to manage its collateral after they had agreed with management to take “peaceful possession” of the assets. Phoenix created a build-out plan involving specific cu

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