CCAA – Due Diligence & Purchase Offer
MANDERLY TURFGRASS
Don’s mandate was to find under-
valued investment opportunities.
He learned of the largest sod and
turf-grass producer in Canada be-
ing for sale under CCAA proceed-
ings. Don was retained by a private
investor to perform due diligence
to determine if an offer should be
made. The Company was experi-
encing cash and liquidity challenges
and management was not function-
ing efficiently or effectively. Inter-
nal morale had declined and the
major stakeholders had lost confi-
dence in the business.
He examined all aspects of the
Company across the country and
identified issues and corrective ac-
tions required. He developed a bid-
ding strategy for the offer and a re-
structuring and management plan
for the Company ongoing. He met
with the key stakeholders to obtain
their understanding and buy-in.
Don negotiated and submitted a
bid through the CCAA process. The
Company principals submitted a
last minute offer and used our offer
as a stalking horse bid in the Court
process.
DA Don
Allen
& Associates Inc.
Toronto · Barrie · Collingwood
1-888-504-1511
www.djallen.ca