Focus Management Group announced the completion of the court-approved sale of substantially all of the assets of its client, Lyon Workspace Products. The purchase was made between newly formed Lyon Capital Partners (formerly Echelon Capital) and Revere Finance.
In its role as financial advisor, Focus Management facilitated an acquisition which resulted in the successful preservation of all of Lyon’s operations and close to 100% of their 400 plus jobs.
Leading the Focus team overseeing the Lyon engagement was Robert S. Wanat, CTP, a senior consultant of Focus Management Group.
Lyon Workspace Products was a family owned, 100 year old, manufacturer of lockers, industrial storage and workspace products and solutions. Lyon maintained three manufacturing facilities in IL and IN and four distribution centers located across the U.S. Lyon Workspace Products filed for Chapter 11 bankruptcy protection on January 19, 2013 after the company was unable to recover from financial challenges stemming from several trailing legacy expenses plus process operational deficiencies.