Real businesses. Real problems. Real results.

Ampleo was hired by a large mushroom grower in Washington State in 2020 on the advice of its secured lender to help affect a turnaround plan. The company had recently relocated to a new state-of-the-art facility and was having significant operating challenges. Ampleo implemented several operating improvements, drafted a long-term recovery plan, and presented the plan to the company’s senior secured lender. The company, with Ampleo acting as interim CEO, is currently executing the plan with the lender’s continued support.

Ampleo was hired by a calf ranch/dairy operation in Kuna, ID at the request of its primary secured lender as a financial advisor to assist in a financial restructuring of the company’s debt. At the time Ampleo was hired, the operation had $55M outstanding in a working capital line of credit and $12.5M outstanding in term debt. The secured debt was held by a syndicate of lenders. Ampleo prepared a restructuring plan that called for the downsizing of its fat cattle business and redirected its resources to become a custom feed operation – significantly reducing market risk. It also helped improve the operating profitability of its dairy business, during a time when milk prices were at depressed values. Ampleo led the negotiations in a successful forbearance agreement, which the operation is performing against. The line of credit has been paid down to $8.5M, with the remaining inventory / AR securing the loan totaling $11M. Ampleo also helped ensure reporting requirements were prepared timely and accurately and helped manage the relationship between lender and borrower. The company remains in business today, is in compliance with all loan covenants, and has returned to the performing portfolio in the bank.

Ampleo was the Assignee in an Assignment for the Benefit of Creditors case administered in St. George, UT. The subject company, a defunct mining operation, sold most of its assets and retained certain claims against vendors. The Assignee’s duties include pursuing claims against those vendors and distributing assets to dozens of creditors.

Ampleo was the duly appointed receiver by the Oregon State Court to manage and oversee a potato farm and cattle operation in Merrill, Oregon (see case #17CV56444 in the Circuit Court of the State of Oregon, Klamath County). In addition to administering the real property, equipment, and inventory, the receiver conducted a review of the company’s books and records to establish whether fraudulent activities occurred and to determine what recoveries of fraudulent transfers might be available for distribution to creditors. After the sale of land, livestock, crop inventory, and the collection of other assets, the receiver disbursed funds pursuant to an order of the Court, and according to absolute priority rules.

Ampleo was appointed Receiver by Washington State Court to manage and oversee three medical clinics near Vancouver and Longview, Washington. Having become disabled, the owning dentist abandoned the practice, which led to the appointment of the receiver.

Ampleo hired interim doctors to treat patients, implemented a pay-for-performance plan among staff, sold non-productive assets, and restored the practice’s profitability. Ampleo worked closely with the secured lender and unsecured trade vendors on the recovery to keep the practices functioning, and the clinics were ultimately sold within seven months for greater than appraised value. Judge Hernandez congratulated the Receiver on a very efficient and pleasing outcome on its discharge.