Special Situations
Our team has extensive experience advising mid-market companies during periods of under-performance, distress, and insolvency. We help clients solve complex problems in challenging, time-sensitive environments, through senior-level attention, to ensure all strategic alternatives are quickly evaluated.
We develop tailored solutions for our clients and their key constituencies to maximize value in a timely and effective manner.
Our special situations team has a successful track record representing both debtors and creditors and offers a full range of advisory services including:
- Distressed M&A transactions including §363 sales, UCC Article 9 sales, federal and state receivership sales, and assignments for the benefit of creditors (ABCs)
- In-court and out-of-court reorganizations
- Debt and equity raises
- Strategic alternative and capital structure assessments
- Committee and board representation
We leverage our deep industry expertise and global distribution network to help clients efficiently develop, evaluate, and implement solutions that maximize long- and short-term stakeholder value.

Featured Transactions
Trekker Tractor, a division of Trekker Group
has been acquired by
EquipmentShare
ICANIWILL
strategic advisory services
Dortmunder Blankstahl GmbH
has been acquired by
ArcelorMittal
Aztec Shaffer
has been sold pursuant to §363 of Chapter 11 of the United States Bankruptcy Code to
Arena Events Group plc, Summit Investment Management LLC, and certain affiliates of American General Life Insurance Company
AAA Sales & Engineering
Wisconsin operations have been sold pursuant to Chapter 128 of the State of Wisconsin Statutes to
Liancheng Precision
AAA Sales & Engineering
Mexico operations have been sold pursuant to Chapter 128 of the State of Wisconsin Statutes to
Metal Technologies
C&M Company GmbH
has been acquired by
Hair&More Friseurbetriebe GmbH
Right/Pointe
has been acquired by
Crafco, Inc., a subsidiary of Ergon, Inc.
Gebauer & Griller Kabelwerke Gesellschaft m.b.H.
has sold its elevator and escalator business to
Lafayette Mittelstand Capital
Pentapart Beteiligungskapital GmbH
has acquired the essential assets of
Westiform GmbH & Co. KG
Alcohol Detection Systems, a subsidiary of Directed
has been acquired by
CST Holding company, a portfolio company of WCAS
Directed
has been acquired by
VOXX International Corporation
Saint-Gobain
has sold seven operating locations to
DIK - Deutsche Industriekapital GmbH
Arro
has been sold pursuant to §363 of Chapter 11 of the United States Bankruptcy Code to
Mount Franklin Foods
United Milwaukee Scrap
has been sold pursuant to Chapter 128 of the State of Wisconsin Statutes to
Alter Metal Recycling
Artistic Carton
has been acquired by
Graphic Packaging Holding Company
Key Contacts
Additional Insights
- NewsLivingstone announces key US promotionsLivingstone is pleased to announce the promotion of Patrick Hopkins to Managing Director in its Chicago office. Having joined Livingstone in 2016 as an Associate Director, Hopkins quickly became an integral asset to the firm. He holds extensive experience advising domestic and international...
- BlogQ1 2022 Healthcare Update: Physician Practice ManagementM&A transaction activity in physician practice management remains robust, as 2021 established a new high watermark with ~450 closed M&A transactions, more than double the number of closed transactions in 2019. The M&A transactions involved a mix of (i) new platform investments and (ii) add-on...
- BlogProperty Services: Residential HVACRThis piece focuses on the impact of the global pandemic on the residential Heating, Ventilation, Air Conditioning, and Refrigeration (HVACR) services sector and the current M&A environment with high Private Equity (PE) investor demand for both at-scale (i.e., platform) and sub-scale (i.e., add-on)...
- BlogAn interview with Matt Slavik, AssociateHow did you get your start at Livingstone? As I prepared to graduate from Mizzou, I looked at various boutique investment banks in Chicago because I knew this was the city I wanted to be in. Investment banking is unique because it’s like a boot camp in business and provides exposure and access to...