Daily News: February 6, 2018

Abraxas Group Advises Industrial Company on Restructuring


Abraxas Group founding partner David Johnson served as financial advisor in the successful out of court restructuring of a private equity backed industrial company.

Upon close of the transaction, Johnson was named interim chief financial officer.

“Fixing the balance sheet is a necessary but not sufficient condition for lasting change, and with our right-sized capital structure, we now have the opportunity to re-engineer the business and drive value,” Johnson said.

Abraxas Group is a boutique advisory firm focused on providing transformational leadership to middle market companies in transition.