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.
