Winter Harbor LLC

MG Forge Construction LLC


MG Forge Construction LLC provided pile driving, foundations, sheeting and shoring, cofferdams, and bulkhead services to the construction and engineering industry.


Winter Harbor was engaged by the senior lender to MG Forge, who had recently defaulted on a payment under its credit agreement. An evaluation of the Company’s position was were requested by senior lender, in determining if a restructuring of MG Forge was required.

Scope of Work

  • Assessed Company’s financial projections.

  • Assessed Company’s business plan through a detailed review of operational and strategic initiatives.

  • Assisted in the review and analysis of the Company’s working capital position and collateral.

  • Ensured the reporting of its compliance with its financial covenants and other obligations under its credit agreement.

  • Developed analysis of strategic alternatives focused on all viable opportunities available to the Company including recapitalization, sale, and restructuring under bankruptcy protection.

Engagement Outcome

After completing a full business evaluation and presenting our analyses to the lender, MG Forge filed voluntary Chapter 11 bankruptcy protection.