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October 12, 2017
Financial Restructuring Advisor Toisa is an industry leading OSV and deepsea tanker and bulk carrier operator The plunge in offshore drilling activity resulted in a depression for offshore supply vessel (OSV’s) employment The decline in revenue made it impossible for the company to meet scheduled debt payments necessitating a restructuring of $1 billion of secured bank debt (ongoing)
January 1, 2017
Sale to Velocity Express CD&L (AMEX: CDV) is a leading customized full-service, time-critical ground delivery service. Scura Partners assisted CD&L in negotiations with Velocity Express (NASDAQ: VEXP) and rendered a fairness opinion. The Board of CD&L voted to approve the merger and an announcement was made July 5, 2006.