Owens

Key Challenge

Owens Precision, Inc.: By order of the US Bankruptcy Court. Since 1978, Owens has been serving the aerospace, defense and process control industries. Owens was a high tolerance custom parts manufacturer serving Fortune 300 companies. Complete 50,000 plus sq. ft. facility closure located in Carson City, NV.  

Key Takeaway

Onyx provided the secured lender with a financial minimum guaranteed recovery for the high tolerance custom parts manufacturer. The sale strategy included a negotiated sale format followed by a global, timed online auction of all operating equipment located at the company’s Carson City, NV facility.