Bankruptcy Court Names Focus Advisor for Lyon Workspace
Focus Management Group was appointed as financial advisor and restructuring management consultant to Lyon Workspace Products and its affiliates, under an order entered by the U.S. Bankruptcy Court for the Northern District of Illinois on January 19, 2013.
Lyon Workspace Products is a provider of workspace solutions and services to dealers, distributors and end-users. The company is headquartered in Montgomery, IL.
Focus is providing guidance and oversight to the restructuring of Lyon’s Chapter 11 bankruptcy case and is facilitating a §363 sale of substantially all of the company’s assets as a going concern. Focus expects considerable interest in this opportunity. Following the sale, the company plans to further advance its growth strategy.
Overseeing Focus’ engagement is J. Tim Pruban, the president and founder of Focus Management Group, and Robert Wanat, a managing director of Focus Management Group. Wanat has been appointed chief restructuring officer for Lyon Workspace Products.
Focus Management Group provides nationwide professional services in turnaround management, insolvency proceedings, business restructuring and operational improvement.