Case Study
Lapointe International Corporation
Lapointe International Corporation Division: Phoenix Capital Resources, Phoenix Management Services Client Lapointe International Corporation was a $60 million international manufacturer of machine and machine tools based in Massachusetts. Lapointe's primary focus was on the automotive, aviation, and power generation industries. Problem The Company had endured an operational decline resulting in continued losses over an 18 month+ period. As a result of the Company’s complex international operations, the Company and its lenders were uncertain of the extent of the immediate liquidity requirements of the Company. The Company was requesting a modest increase in its credit lines from its bank. Solution When Phoenix was engaged, it was immediately clear that the basis for the ‘near term’ liquidi