Bring us in before the timetable narrows the available paths.
You do not need to have the answer before calling us. When a lender’s posture is changing, liquidity is tightening, or a sale may be necessary, an early conversation can clarify which paths are realistic.
Covenant Default
A covenant has been breached – or is likely to be – and the incumbent lender’s posture is changing.
Maturity Wall
A near-term maturity cannot be refinanced on conventional terms.
Lender Exit
The existing lender will not renew, extend, or remain part of the long-term capital structure.
Liquidity Pressure
Working capital is constrained, availability is tightening, or the business needs additional runway.
Recapitalization
The current capital structure no longer supports the business or sponsor’s objectives.
Distressed or Time-Sensitive Sale
A company, division, or asset must be marketed on an accelerated timetable, with creditor or court involvement where required.
Focused Investment
Banking Execution
Our primary focus is distressed debt capital markets, complemented by special situations M&A. We also advise on traditional debt capital markets and M&A when a conventional process fits the business and its objectives.
Distressed Debt Capital Markets
Financing for businesses that no longer fit a conventional credit process.
Not every lender is equipped to evaluate a stressed credit. We focus outreach on capital providers that can underwrite the business as it is: its collateral, liquidity, capital structure, and timeline. The objective is not simply to find capital. It is to identify a structure the business can execute and its stakeholders can support.
Capabilities
- Rescue and bridge financing
- Debtor-in-possession financing
- Exit financing following plan confirmation
- Covenant-default and stressed refinancings
- Lender replacements
- Unitranche, second-lien, and mezzanine financing
- Asset-based and structured credit
Special Situations M&A
M&A execution when the standard process no longer applies.
A distressed or accelerated sale cannot be run like a conventional M&A process. The timetable is shorter, more stakeholders may be involved, and the process must withstand greater scrutiny. We structure buyer outreach, diligence, bid procedures, and negotiations around those realities.
Capabilities
- Out-of-court distressed and event-driven sales
- Section 363 and other court-supervised sales
- Assignments for the benefit of creditors
- Receivership and foreclosure sales
- Stalking-horse positioning and bid procedures
- Lender- and creditor-directed transactions
M&A focus areas
- Industrials and manufacturing
- Food and agriculture
- Engineering and construction
Let’s talk about what can move the situation forward.
If a portfolio company is under lender pressure or facing a time-sensitive transaction, an early conversation can help clarify the available paths.
Our Team
We Are Building Trusted Relationships & Enhanced Advisory Expertise
We have an outstanding, multi-disciplinary team that values the importance of building trusted relationships with every client and stakeholder to optimize every engagement.
In addition, our strategic affiliation with Harney Partners allows us to deliver enhanced advisory expertise, bridging the gap between traditional investment banking and comprehensive operational strategy.
Eric Welchko
President
Ben Gonzalez
Managing Director
Carl Esterhuysen, CFA
Director
Wade Horst, CFA
Director
Michael Lynch
Associate
Gilberto Orozco
Investment Banking Senior Analyst
Client Perspectives
Trusted by Decision-Makers
“Harney Capital provided the strategic clarity we needed during a pivotal transition. Their team was thorough, responsive, and genuinely invested in our outcome.”
CEO
Middle-Market Manufacturing Company
“From initial assessment through closing, the Harney team delivered institutional-quality advisory with a level of personal attention we did not expect.”
Founder & Principal
Private Services Platform
“They helped us evaluate multiple paths forward and ultimately execute a transaction that exceeded our expectations on every metric that mattered.”
Managing Partner
Family-Owned Portfolio