Winter Harbor LLC

D&S Consultants

Government Contractor Operates Under New Forbearance Agreement


D&S Consultants, Inc. (DSCI) is a products and services company that links various disciplines, including systems engineering, simulation, modeling, maintainability, analysis, availability, research, reparability, training, and testability as an integrated process to provide solutions within the communications, command, control, computer, intelligence, surveillance, and reconnaissance space. Its solutions include combat systems, mission augmentation, operations and maintenance, human systems engineering, training, computers, electronic warfare, cyber, enterprise information systems, command and control, communications, and computers, as well as intelligence, surveillance, and reconnaissance systems. They are a government contractor specializing in C6ISR within the Department of Defense.

Our Role

Our professionals were engaged by DSCI’s senior lender to perform an assessment of the Company’s current year operating plan.

  • Performed a detailed assessment of the Company’s business plan including its projections, personnel, contract profitability, and project pipeline.

  • Projected weekly cash flow for the Company while operating under a forbearance agreement.

  • Developed monthly reporting in accordance with forbearance agreement.

  • Assisted management with stabilizing operations and associated expenses/overhead.

  • Proposed a complex debt restructuring with a negotiation of new loan agreement.

Engagement Outcome

Winter Harbor was engaged as Financial Advisor under a new forbearance agreement set by DSCI’s senior lender. We partnered with DSCI executives to determine and review the Company’s cash flow and profitability projections. Since our engagement, DSCI has been unable to secure recurring annual government contracts, forcing DSCI to wind down and terminate business operations.