The Company was a leading designer and manufacturer of folding cartons, for a variety of consumer goods customers, located throughout the United States.

The Company faced serious challenges, including the loss of a major customer, inaccurate financial reporting, and declining liquidity.

Fort Dearborn was hired to evaluate the Company and assist the management team with its liquidity challenges. It was quickly determined that the best course of action was an expedited sale of Triumph.

Fort Dearborn quickly developed marketing documents that highlighted the value proposition for a potential acquirer. Fort Dearborn then contacted multiple parties to ascertain their level of interest in pursuing a transaction with the Company.

Over sixty strategic and financial buyers were approached.  The Fort Dearborn marketing efforts yielded 10 indications of interest and 4 letters of intent. Ultimately, the assets of Triumph were sold to a large strategic acquirer, Graphic Packaging International, Inc., a NYSE listed company. 

Fort Dearborn was able to work with the management team to manage the pressures from declining liquidity, while executing the sale transaction, from buyer identification through a successful close.

Robust and timely process yielded multiple offers.

Stakeholders received proceeds exceeding expectations, with the lender and trade receiving a full pay off.