MAXIMIZING + MONETIZING VALUE

BUYERS | SELLERS | BROKERS

San Francisco | Los Angeles

WHAT WE DO

-SERVICES-

DISPOSITION

In order to get the highest recoveries for our clients, Onyx utilizes customized disposition strategies and multi-channel formats ranging from immediate liquidity through outright asset purchase, private treaty / negotiated orderly sales, supply chain redirection, on-site and web-based public auctions, to monetization through discrete channels.

SALE PROCESS

Financial distress arises from a variety of events, including overleverage, economic headwinds, liquidity issues and other challenges. The Onyx team works with distressed situations, both in-court and out of court, to achieve the highest risk adjusted returns for our clients and their clients. In doing so, Onyx executes efficient and strategic sale processes utilizing creative sale structures and innovative strategies. This approach attracts bidders and/or credible stalking horse interest by leveraging our vast database of strategic and financial buyers.

ADVISORY

We work extensively with Attorneys, CRO’s, Financial Advisors, Assignees, Trustees/Receivers and other restructuring professionals to advise them on the best strategy to monetize assets. The Onyx team has over two centuries of experience and expertise in structuring and executing orderly disposition strategies, capital investments, reorganizations, online auctions and valuation projects across the globe.

CAPITAL

To help provide immediate liquidity and critical time for more strategic decisions, Onyx has the ability to deploy significant capital for a single transaction, pre-fund disposition activities, an outright multi-asset purchase across a broad range of asset classes or provide DIP financing. This ability allows us to work flexibly with our clients as both a strategic and financial partner.

WHAT WE KNOW

-ASSET CLASSES-

MACHINERY & EQUIPMENT

Onyx offers customized disposition strategies to recover the highest & best values on Machinery & Equipment. We have extensive and global experience in assets classes, ranging from aerospace & defense, food processing, semiconductor, supply chain fulfillment, to biotechnology.

INVENTORY

Onyx  has the ability to deploy significant capital for a single transaction, prefund disposition activities, or an outright multi-asset purchase across a broad range of asset classes. This ability allows us to work flexibly with our clients as both a strategic and financial partner while providing immediate liquidity.

REAL ESTATE

Real estate is a complicated asset. It can be a source of important value while also presenting legal challenges or liabilities. The Onyx team fully understands those components of risk / reward and helps our clients to properly mitigate liability risk while optimizing potential value.

INTELLECTUAL PROPERTY

Our experience & market knowledge unlock the meaningful values inherent to patents brands and other intellectual property. Our expertise provides the insight on how best to structure & market IP for its highest recovery. Whether that’s Onyx’s outright purchase of an IP portfolio, the redirection to a royalty / licensing model strategy or executing a competitive sales process, we aid our clients by maximizing latent IP value.

WHAT WE’VE DONE

WHAT WE'RE DOING

Green-LP/James-River-Manufacturing - Propane Tank Manufacturer - Complete Facility Closure
TWO DAY GLOBAL ONLINE TIMED AUCTION EVENT: OCTOBER 30 & 31, 2024 @ 7AM PT

Strafford, MO

Upcoming Sale

Kelham Vineyards - Finished Case Goods Wine Offering and Contested Legal Path to Ownership of Leased Real Property / Improvements
To Be Sold Pursuant to U.S. Bankruptcy Court ​Order - Case # 23-10384​ - Seeking Stalking Horse Overbids- Finished Case Goods Wine (40,000+ Cases & 10,000 Gallons of Bulk Wine) - All Bids Due October 4, 2024

St. Helena, CA

Ongoing Sale Process

Real Estate Opportunity - Prime Los Angeles Area Development Site in the heart of Hollywood, CA
By order of the U. S. Bankruptcy Court - Central District of CA, Los Angeles Division Case # 2 : 24 - bk- 10898 - BR

Los Angeles, CA

Upcoming Sale

**SOLD**- CalPlant - Sale Closed August 23, 2024 to a Turnkey / Bulk Buyer - By Order of the US Bankruptcy Court - Case Number - 1:21-bk-11302 | CalPlant I Holdco, LLC
Complete Facility Closure - Late Model MDF (Medium Density Fiberboard) Manufacturing Facility - Facility Launched in 2020 - Over $380 Million Invested - Sale Consummated August 23, 2024.

Willows, CA

Completed Sale

**SOLD**- Pirch - Over $20M of Cost Inventory - Factory Sealed, New In Box & Showroom Models - Kitchen Hardware & Bathroom Fixtures
By Order of United States Bankruptcy Courts Southern District Of California Case # 24-01376-CL7 - Four (4) Separate Southern California Auctions Completed on August 16, 2024.

Southern CA: Sante Fe Springs, Palm Desert, Oceanside & Vista

Completed Sale

OBX Racing Sports - Liquidation Event - $30,000,000 (MSRP) Inventory
Aftermarket Racing and Automotive Parts - Individual Assets Available Online - Auction Event to be Held October 16, 2024

Union City, CA

Upcoming Sale

*SOLD* - Gordon Brothers Cellars - Going Concern Asset Offering - Fully Operational Winery, Vineyard and Cherry Orchards
Bankruptcy Sale: Gordon Brothers Cellars | Case #20-02038-WLH11​ - Lots, Including 7 Real Estate Parcels, Can Be Purchased In Aggregate or Individually.

Pasco, WA

Completed Sale Process

IMAX Worldwide Home Furnishing - Complete Company Closure - All Company Assets Acquired by ONYX through an Assignment for Benefit of Creditors.
GLOBAL SALE OFFERNG - Out-Right Purchase of all IMAX Assets consisting of: Inventory, Machinery & Equipment, Receivables, Intellectual Property and More. Acquired in an Assignment for Benefit of Creditors by ONYX.

CA, GA, NV, OK, NC, TX and Canada,

Completed Sale Process

JRV Group USA - Bulk Vehicle Offering - 300+ Jeep Wranglers
By Order of the U.S. Bankruptcy Court Case No. 19-11095, in the matter of JRV Group USA. Bulk Offering of over 300 individual New Stock & Upfitted Jeep Wranglers

Wilmington, DE

Completed Sale Process

Amaranth Medical, Inc. - Sale of Medical Device IP & Assets
Negotiated Sale Process featuring all Company assets, including intellectual property (patents, clinical data & trademarks) of a company developing & manufacturing bioresorbable scaffolds / stents for cardiovascular interventions.

US & Singapore

Completed Sale Process

Bulk Sale Offering of Assets Acquired in the 363 Sale of Farin Swanson
All assets including over $37 million in wholesale cost inventory of wine & spirits, intellectual property, as well as the machinery & equipment of Fairn & Swanson, a bankrupt duty-free operator serving the cruise industry.

Miami, Oakland, Seattle

Completed Sale Process

Intarcia - Complete Facility Closure - Lab Assets Offering
With over $1.75 billion in Venture Capital investments, Intarcia developed innovative therapies utilizing a proprietary delivery system. - Global Online Auction

Hayward, CA

Completed Sale

StoryBuilt - Multiple Development Properties Located In: Austin | Dallas | Denver
Real Estate - Receivership Asset Sale - Residential, Commercial and Approved Land Development Offering

Austin, Dallas, Denver,

Ongoing Sale Process

DrinkWorks - Auction #2 - Williston, VT - Over $50,000,000 in Original Acquisition Cost - Global Online Auction State of the Art Alcoholic Beverage Production and Pod Filling Plant
Complete Facility Closure - Global Timed Online Auction

Williston, VT

Completed Sale

Modern Times Beer & Coffee - Going Concern Asset Sale Including IP, Operating Breweries, Restaurants and Taprooms
Going Concern Asset Sale - Auction Concluded -Closed and Funded October 2022.

Southern California

Completed Sale Process

WHO WE ARE

-TEAM-

Kevin Otus

K. Kevin Otus

Managing Partner

Paul Buie

PAUL D. BUIE

Managing Director

Steve Gross

STEPHEN J. GROSS

Chief Financial Officer

rick

Rick Briggs

Managing Director

Kyle Pesonen

KYLE PESONEN

Senior Director – Operations

TCraig headshot Onyx300

TYLER CRAIG

Director

Mark Appleget

Mark Appleget

Managing Director

Industrial

Paul Edstrom

Paul Edstrom

Managing Director

Investments

Hal White

Hal White

Managing Director

Resale

AREAS OF EXPERTISE

A sample of some of the diverse industries we have served are: