Alexin, LLC is an aluminum extrusion billet producer, which is developing a green-field, state-of-the-art aluminum billet casting facility to re-melt aluminum scrap to produce high quality aluminum billet used to support aluminum extrusion facilities in the Midwest. Alexin consummated an institutional private placement ($13.1 million), term loan ($15.0 million) and revolving credit facility ($15.0 million). NCA served as the exclusive financial advisor to Alexin.

The Atlanta Cardiology Group, PC (ACG) is one of the largest groups of cardiologists in Georgia and offers the full range of cardiovascular services. ACG was acquired by Piedmont Healthcare, Inc. Navigant Capital Advisors, LLC served as the exclusive financial advisor to ACG.

Navigant Consulting, Inc./ NCA was appointed by the United States Bankruptcy Court for the Southern District of New York as Financial Advisor to the estate of the $450 million Bayou Funds, reporting to the Sole Managing Member of the Estate. Our professionals were responsible for assisting the Sole Managing Member in recreating the financial books and records of this failed fund, obtaining necessary hard-copy documentation, performing forensic analysis on historic fund assets, and tracing of investors’ contributions and redemptions. In addition, the team was responsible for developing the financial models used in valuing and determining the proper equitable reallocation of Estate assets to fund investors. The team regularly met with the Estate’s counsel, government representatives including the Federal Bureau of Investigation, and the fund’s creditors’ committee to assist the Sole Managing Member in the appropriate wind-down of the fund.

BMK Inc. is a nationwide full-service distributor of general merchandise, serving 44 states and most major grocery and drug chains in the United States. On behalf of the senior lenders, our professionals evaluated various strategic alternatives and eventually acted as the senior lenders’ advisor, guiding the company through Chapter 11 bankruptcy and Section 363 sale process.

Bocchi Holdings Corp. is a contract manufacturer for the personal care industry with divisions in California and New Jersey. Our professionals were engaged by the company’s senior secured lenders to evaluate capital restructuring alternatives. NCA structured and negotiated the successful consummation of an out-of-court reorganization simultaneous with the execution of a competitive sale process of the restructured debt in the secondary market. In connection with such out-of-court restructuring the Company’s creditors took ownership of the Company. NCA has overseen the continued operational improvement plan post-restructuring and has increased EBITDA from negative $5 million to in excess of $10 million on a run-rate basis in less than 18 months.

Brotman Medical Center (“BMC”), in Culver City, CA is a $100 million revenue for-profit acute care hospital system that operates a total of 420 licensed beds which includes a psychiatric unit and detox unit. BMC experienced significant losses in 2006 and 2007 and was in technical default on its long-term debt. NCA was retained as financial advisor and asked to provide guidance to the Board and administration on the identification and implementation of turnaround opportunities, in addition to assessing and improving the finance department. NCA conducted an operational and financial assessment of the organization and included placement of the CRO and interim CFO positions with NCA personnel. The Hospital filed for bankruptcy in October 2007, with an NCA professional assuming the role of interim CEO during the initial stages of the bankruptcy proceedings. The management team, led by the interim CEO and CFO, successfully implemented financial and operational improvement initiatives that resulted in significant savings through productivity improvement and other cost initiatives. The hospital is expected to emerge from Chapter 11 early in the fourth quarter of 2008.

The Buckhead Beef Company is the nation’s leading distributor of value-added center-of-the-plate red meat products. Our professionals represented the stockholders of the Buckhead Beef Company in the exclusive sale of the Company to SYSCO Corp. (NYSE: SYY).

Cartesian Capital Group, LLC formed Starr Global Accident & Health Insurance Agency, LLC in partnership with C.V. Starr & Co., Inc. Cartesian is a principal investment firm specializing in acquiring minority stakes in its portfolio companies. C.V. Starr & Co., Inc., a holding company, provides insurance services. The company offers aviation, marine, casualty and property insurance coverage policies. It also provides claims handling and settlement, risk assessment and loss prevention services. In addition, the company holds investments in public and private equity, hedge funds, and alternative assets. Navigant Capital Advisors, LLC served as financial advisor to Cartesian Group.

Casabella manufactures and markets kitchen and bath cleaning tools and accessories. ZS Fund, LP is a private equity firm specializing in long term investments in middle market companies and typically invests in companies with operating profit between $4 million and $30 million. The firm seeks to invest in transactions that provide liquidity to business owners while enabling them to maintain significant ownership status and keep their company independent. It prefers to invest in privately held or closely held publicly traded companies. NCA served as financial advisor to Casabella in its leveraged recapitalization.

Catskill Regional Medical Center (“CRMC”), in Harris, NY, is a $100 million revenue voluntary not-for-profit acute care community hospital system that operates a total of 199 licensed acute care beds and 64 residential healthcare beds. CRMC experienced significant losses in 2006, and discretionary cash on hand had dropped to less than 10 days. NCA was retained in anticipation of CRMC entering into a technical default on its long-term debt (secured by DASNY) and was asked to provide guidance to the Board and administration on the identification and implementation of turnaround opportunities. Our professionals conducted an operational and financial assessment of the organization and included placement of the CRO and interim COO positions with NCA personnel. The interim COO and CRO led financial and operational improvement initiatives that resulted in significant savings through productivity improvement and physician practice management, as well as identifying further revenue cycle opportunities. In addition, the COO developed accountability tools for the client. The CRO led talks to secure the return of a major physician group in an effort to bolster patient volumes and developed cash management tools and reporting mechanisms. The CRO was also instrumental in restructuring a major vendor agreement to avoid significant balloon payments in early 2007, as well as providing ongoing advice and guidance to the Board of Directors. NCA’s efforts allowed the hospital to avoid filing for protection under Chapter 11 of the U.S. Bankruptcy Code.

Church’s Chicken is a 1,500 restaurant franchisor located in 28 U.S. states, Puerto Rico and nine other countries. Our professionals were retained to provide restructuring and financial advisory services in connection with the insolvency of one of Church’s largest franchisees. NCA assisted in developing and implementing a successful 363 bid by Church’s to purchase the franchisee’s assets for significantly less than originally anticipated by Church’s management.

Coalition America, Inc. (“Coalition” or “CAI”), a market leader providing comprehensive solutions for managing healthcare costs, acquired National Preferred Provider Network (NPPN) from MedAvant Healthcare Solutions (NASDAQ: PILL) for approximately $23.5 million in cash. Navigant Capital Advisors, LLC (“NCA”) acted as exclusive financial advisor to Coalition in the transaction. The transaction included the sale of PlanVista Solutions, Inc., National Network Services, LLC, PlanVista Corporation, Medical Resource, LLC and National Provider Network, Inc., all of which are MedAvant subsidiaries that combine to comprise NPPN. CAI utilizes a suite of products and services including direct provider contracts, PPO networks and provider negotiations to achieve industry leading savings for its national client base of health insurance carriers, employers, Taft Hartley plans and third party administrators. The Atlanta-based healthcare savings company has saved its clients over $1.5 billion since inception.

Con Edison Development, Inc. is an independent power producer that develops, builds and operates electric generation plants primarily in the Northeast and Mid-Atlantic. NCA was engaged for a valuation analysis in its financing of a New Hampshire Power Plant in a synthetic lease transaction.

Product Residential Concepts, LLC (“PRC”), a leading manufacturer and distributor of high-end commercial floor covering and carpet products under the trade name “Constantine,” engaged Navigant Capital Advisors, LLC as its financial advisor in connection with its leveraged recapitalization. Equity was provided by Lineage Capital, LLC.

Digitel Corporation (“Digitel”) sold its NeoNova Network Services, Inc. division (“NeoNova”) to Azure Capital Partners and Bridgescale Partners. Based in Raleigh, NC, NeoNova is the leading provider of wholesale internet services to U.S. rural telephone and cable service providers. NeoNova’s service offering includes internet, e-mail hosting, spam filtering, virus filtering, parental controls, website hosting, online data storage, troubleshooting system monitoring, maintenance, customer care and billing services. NeoNova currently provides services to over 65 independent telephone companies with over 200,000 ISP subscribers. Digitel Corporation is a leading provider of communications systems for small and medium sized businesses. As a leading distributor for Nortel Networks and Cisco Systems, Digitel offers its clients a complete array of unified communication solutions including IP telephony, unified messaging, multimedia contact centers, VPN services, wireless communications and connectivity alternatives. Navigant Capital Advisor’s LLC was engaged as Digitel’s exclusive financial advisor to explore various capital and strategic alternatives including the sale of its NeoNova division.

Navigant Consulting, Inc. / NCA is assisting a $14 billion hedge fund family, which recently experienced a significant decline in performance resulting in a number of investors requesting redemptions. Given the adverse impact liquidation would have on realization of asset values, the hedge fund family is working with the group of investors to bifurcate the Funds into a group of liquidating funds and go-forward funds. NCA has been engaged to oversee the process to ensure fairness in the allocation of assets including hard-to-value illiquid assets, determine the viability of the new go-forward fund, and to ensure proper communication with all investor groups with respect to the restructuring alternatives.

E*TRADE Financial Corp. is a global company, offering a wide range of financial solutions to retail, institutional and corporate customers. NCA professionals performed a number of valuations of various reporting units under SFAS 141 and 142. Assets valued include customer relationships, contracts, covenants not to compete, referral agreements and trade names.

Everite Machine Products Co. (“Everite” or the “Company”) is a world leader in electrochemical grinding (“ECG”) technology with core competencies in high precision engineering, contract manufacturing and supply chain optimization. Everite provides a unique combination of engineering expertise (mechanical, electrical, software), real-time manufacturing experience and product sourcing knowledge that allows the Company to cost-effectively design and implement innovative manufacturing solutions to challenging problems both in the United States and Europe. Navigant Capital Advisors, LLC served as Exclusive Financial Advisor to Everite during its recapitalization transaction with Eureka Growth Capital.

Extend Health, Inc. provides employer-sponsored health care insurance services for active or retired employees. Extend Health received $15 million in its series B round of funding led by new investor Psilos Group Managers, LLC. The round included participation from existing investor Revolution Health Group. Navigant Capital Advisors, LLC served as the exclusive placement agent and financial advisor to Extend Health.

FPM Heat Treating is one of North America’s largest commercial heat treaters offering a wide variety of processes and engineered solutions to heat treating problems. On behalf of the company’s lenders, NCA restructured the company’s $54 million senior credit facility and subsequently represented the company in a sell-side advisory engagement.

Global Link Logistics is the leader in containerized ocean freight transportation and supply chain visibility, specializing in Transpacific Asian/U.S. trade lanes and service from Latin America. Navigant Capital Advisors, LLC initiated and served as financial advisor in connection with the divestiture to a private equity sponsored platform company.

GMAC ResCap is the second largest independent residential mortgage lender in the U.S., originating first and second lien residential mortgage loans through a nationwide network of retail offices, direct lending centers and internet sites. Our professionals were retained to create and execute a plan to mitigate the negative impact caused by the downturn in the subprime and homebuilding market. NCA worked with management to create and execute a detailed risk mitigation plan and managed total aggregate exposure in excess of $15 billion including the orderly liquidation of the largest mortgage warehouse lending portfolio in the U.S. Specific tasks included:

• Creation and oversight of a 70 person special assets team;


• Development and oversight of collateral monitoring and exposure management systems;


• Oversight of loan sale execution process responsible for disposition of over $3 billion of mortgages; and


• Negotiation and implementation of bankruptcy strategies associated with maximization of value of distressed debt in connection with the largest subprime origination and homebuilder bankruptcies.

GMAC ResCap is the second largest independent residential mortgage lender in the U.S., originating first and second lien residential mortgage loans through a nationwide network of retail offices, direct lending centers and internet sites. Our professionals were retained to create and execute a plan to mitigate the negative impact caused by the downturn in the subprime and homebuilding market. NCA worked with management to create and execute a detailed risk mitigation plan and managed total aggregate exposure in excess of $15 billion including the orderly liquidation of the largest mortgage warehouse lending portfolio in the U.S. Specific tasks included:

• Creation and oversight of a 70 person special assets team;


• Development and oversight of collateral monitoring and exposure management systems;


• Oversight of loan sale execution process responsible for disposition of over $3 billion of mortgages; and


• Negotiation and implementation of bankruptcy strategies associated with maximization of value of distressed debt in connection with the largest subprime origination and homebuilder bankruptcies.

HP3, Inc., a healthcare consulting firm, engages in the development and distribution of healthcare educational products designed to improve the reimbursement process for healthcare providers in the United States. Navigant Capital Advisors, LLC was the financial advisor to HP3, Inc. in its sale to Navigant Consulting, Inc. for reported consideration of $19 million, including accounts receivables. Revenues and pro forma EBITDA for the last 12 months approximated $19 million and $2.7 million, respectively.

HQ Global Workplaces is the leading provider of executive office space and associated services and was the largest franchisor of executive office suites in the world. NCA professionals represented the senior creditors through a protracted bankruptcy proceeding that resulted in a successful reorganization negotiated by NCA in which the pre-petition senior lenders equitized their debt to take control of the company. Specifically, NCA assessed HQ’s operating opportunities, including branch rationalizations and lease restructuring opportunities and worked in tandem with management to redesign the organizational structure into an entrepreneurial organization focused on P&L responsibility at the branch level. NCA drove management to (i) sell $20 million of non-core assets, (ii) reject 70+ unprofitable leases, (iii) restructure over 180 leases on substantially more favorable terms, all as the company focused on rationalizing its operations. Post-bankruptcy, an NCA professional served as Executive Chairman of the HQ Board and provided oversight of the continuing operating restructuring that resulted in dramatic EBITDA improvements (i.e., negative $25 million to positive $35 million run-rate). NCA also developed and implemented a restructuring of HQ’s broad franchise network in order to align the interests of HQ and its franchisees. In addition, Navigant Capital Advisors, LLC served as HQ’s exclusive financial advisor and negotiated the sale of HQ to Regus PLC in a transaction that resulted in full recoveries to the holders of pre-bankruptcy secured claims and significant recoveries for the holders of unsecured bankruptcy claims.

HQ Global Workplaces is the leading provider of executive office space and associated services and was the largest franchisor of executive office suites in the world. NCA professionals represented the senior creditors through a protracted bankruptcy proceeding that resulted in a successful reorganization negotiated by NCA in which the pre-petition senior lenders equitized their debt to take control of the company. Specifically, NCA assessed HQ’s operating opportunities, including branch rationalizations and lease restructuring opportunities and worked in tandem with management to redesign the organizational structure into an entrepreneurial organization focused on P&L responsibility at the branch level. NCA drove management to (i) sell $20 million of non-core assets, (ii) reject 70+ unprofitable leases, (iii) restructure over 180 leases on substantially more favorable terms, all as the company focused on rationalizing its operations. Post-bankruptcy, an NCA professional served as Executive Chairman of the HQ Board and provided oversight of the continuing operating restructuring that resulted in dramatic EBITDA improvements (i.e., negative $25 million to positive $35 million run-rate). NCA also developed and implemented a restructuring of HQ’s broad franchise network in order to align the interests of HQ and its franchisees. In addition, Navigant Capital Advisor’s, LLC served as HQ’s exclusive financial advisor and negotiated the sale of HQ to Regus PLC in a transaction that resulted in full recoveries to the holders of pre-bankruptcy secured claims and significant recoveries for the holders of unsecured bankruptcy claims.

InfraSource Services, Inc. (NYSE: IFS), a leading provider of infrastructure services for electric power, gas, and telecommunications intensive industries in the United States, was acquired by Quanta Services, Inc. (NYSE: PWR) in a $1.47 billion all-stock transaction. Through the acquisition of InfraSource, Quanta created one of the largest specialty contractors in the U.S., with more than $3.2 billion in revenue and a market capitalization in excess of $3.0 billion. With its enhanced resources, expanded geographic footprint and broader service portfolio, the combined company is well-positioned to profit from anticipated increases in spending on electric power, gas and telecommunications infrastructure.

Navigant Capital Advisors, LLC (“NCA”) acted as Co-Advisor to InfraSource in connection with its sale to Quanta. NCA had served as a trusted advisor to InfraSource over the past several years and had previously advised InfraSource on its divestiture of Electric Services, Inc. to Square D Company, a division of Schneider Electric (ENXTPA:SU). NCA had also worked with the Company’s Sunesys division to support the expansion of the division through acquisitions.

Ingersoll was a $210 million multinational supplier of special machine tools and cutting tools for metalworking industries as well as the construction, agriculture and transportation industries. NCA served as the financial advisor to Ingersoll’s senior secured lenders in connection with their $55 million secured bankruptcy claim. Our professionals developed a restructured collateral package and led negotiations with the international debtor resulting in the senior secured lenders realizing a 100% recovery from the sale of Ingersoll’s domestic and international operations through a Chapter 11 bankruptcy and Section 363 auction process.

Limbach Facility Services, LLC is a $300 million provider of comprehensive construction services, including mechanical and electrical construction, pipe fitting, sheet metal fabrication, plumbing, HVAC service and maintenance, and engineering and mechanical construction management services. The Company, which operates in nine regional markets, is one of the largest mechanical contractors in the United States. NCA was retained as exclusive financial advisor to the Company in connection with its restructuring efforts, which resulted in the avoidance of a forced liquidation and successful recapitalization after marked operating improvement.

LMS Intellibound, Inc. is a leading third party logistics company providing labor services to warehouses and distribution centers. LMS is a nationwide provider of outsourced managed labor services, with a particular focus on the grocery, food service and other retail sectors. NCA served as exclusive financial advisor to LMS in its sale to MCG Capital Corporation (NASDAQ:MCGC).

Istithmar Group, PJSC, a leading Middle Eastern private equity group controlled by the country of Dubai, engaged Navigant Capital Advisors, LLC as its buy-side advisor in connection with the acquisition of Loehmann’s, a leading U.S.-based national, off-priced apparel specialty retailer.

Mediq Incorporated is the nation’s leading provider of moveable medical equipment on a daily rental basis to individual and institutional consumers. NCA professionals represented Mediq’s secured creditors in a successful Chapter 11 reorganization pursuant to which such lenders equatized their debt to take control of the Company. Upon engagement, NCA professionals undertook a review of the Mediq’s financial and operating performance and then developed and negotiated the reorganization plan on behalf of its client. Post-bankruptcy, an NCA professional served as Executive Chairman of the Mediq Board and oversaw the continuing operating restructuring focused on branch rationalization, overhead reductions, and renegotiation of key vendor and franchisee relationships. The operating restructuring led by NCA professionals increased EBITDA from $45 million to $60 million over a 12 month period. NCA professionals were also retained as as the company’s sell side advisor and negotiated the sale of Mediq to Hill-Rom, Inc. (a division of Hillenbrand) as well as the sale of ACS (a division of Mediq) to Invacare Corporation. The sale resulted in a full recovery to the pre-petition holders of the “fulcrum” bankruptcy claims.

Mississippi Power is an investor-owned electric utility serving most of the cities, towns, and communities within the 23 counties of southeast Mississippi. NCA was engaged by Mississippi Power to perform a valuation of two power generating plants in a synthetic lease transaction.

Nationwide Warehouse is one of the largest multi-site, discount furniture retailers of upholstery, bedding, case goods and other accessories. NCA professionals were retained by Nationwide’s senior lenders to assist in a capital restructuring effort through a plan of reorganization. Pursuant to a Section 363 auction process, NCA served as sell-side advisor in the sale of Nationwide to Sun Capital.

NCA was retained by GMAC-RFC as financial and restructuring advisor in connection with the bankruptcy of Neumann Homes, Inc., a major regional builder based in Chicago, IL. An NCA professional is currently serving as Chairman of the Neumann Homes, Inc. Creditors Committee.

New Island Hospital (“NIH”) is a single facility, 150 bed (223 authorized) community hospital servicing Bethpage, NY and the surrounding communities. NCA developed, negotiated and implemented a successful out-of-court restructuring in which NIH’s outstanding bonds were defeased, NIH’s capital structure was restructured resulting in a complete waiver of over 40% of the existing credit obligations and a change of control over the governance of the hospital.

Office Depot, Inc. is one of the world’s largest sellers of office products and an industry leader in every distribution channel, including stores, direct mail, contract delivery, the Internet and business-to-business electronic commerce. NCA was engaged by Office Depot, Inc. to value their Accounts Receivable for IRC Section 475 purposes.

Fortress Investment Group, LLC is an alternative asset manager which raises, invests and manages private equity funds and hedge funds. The private equity business primarily focuses on control-oriented investments and the hedge fund business includes the hybrid hedge fund, which invests in undervalued and distressed assets, and the liquid hedge funds, which invest in the fixed income, currency, equity and commodity markets. Navigant Capital Advisors, LLC served as financial advisor to Fortress in a sale leaseback transaction to provide financing for the acquisition of 85 Papa John’s franchised units.

Paradigm Management Services, LLC (“Paradigm”) is the leading provider of catastrophic claims management services. NCA served as Paradigm’s exclusive financial advisor in structuring and negotiating a joint-marketing agreement with a leading insurance broker, thereby adding an additional distribution channel for Paradigm ’s unique services.

Pasadena Tank Corporation (“PTC”) is a closely-held, family-owned business and a leading provider of engineering, fabrication and construction, and repair and maintenance services for aboveground storage tanks (AST). PTC provides these services for customers that produce, process, store and distribute petrochemical products throughout the world. PTC entered into a definitive agreement to merge with HMT Inc. a portfolio company of Berkshire Partners.

HMT provides a suite of products and services to the AST industry through product sales, inspection, repair and maintenance, fabrication, engineering and design, coating and lining. This transaction allows HMT to expand its new tank fabrication business while strengthening its repair and maintenance capabilities. The combination of HMT and PTC yields a well respected, full-service leading supplier to the petrochemical industry.

Navigant Capital Advisors, LLC was engaged as PTC‘s exclusive financial advisor and successfully structured, negotiated and closed this transaction.

PBI Regional Medical Center (“PBI”) is a 200 bed non-profit community hospital in Passaic, NJ. NCA and NCI’s healthcare consultants were jointly retained to assist in preparation of a performance improvement and capital restructuring plan. In connection with the restructuring process, NCA professionals served as Chief Restructuring Officer, interim CEO, interim COO, and interim CFO. The financial restructuring was accomplished through a Chapter 11 bankruptcy filing in which the assets of PBI were successfully sold pursuant to a Section 363 auction to St. Mary’s Hospital of Passaic. As a result of the bankruptcy sale, PBI’s senior secured lenders received a 100% recovery.

Protocol Communications, Inc. is a $180 million integrated direct marketing company serving businesses in the combined areas of direct marketing, data and production services, lead management solutions, contact centers, and media replication and fulfillment services with $18 million of EBITDA. NCA was engaged by the company’s holders of $115 million of senior secured notes to evaluate capital structure alternatives, various operational restructuring scenarios, and the Company’s short and long-term financial plans. NCA successfully negotiated with subordinated debt holder a debt to equity conversion. The Company emerged from bankruptcy with $85 million of Senior Debt, with the Senior Lenders owning 58% of the Company’s new equity.

Pull-A-Part is a leading do-it-yourself used auto parts retailer. NCA served as exclusive financial advisor and agented the private placement of $60.0 million of credit enhanced taxable Variable Rate Demand Bonds, a $20.0 million letter of credit facility, a $15.0 million line of credit, and $6.0 million of senior secured notes.

Radica Games Limited (NYSE: RADA) is a leading pure-play developer, manufacturer and distributor of classic electronic entertainment products. Radica has successfully combined its unique technological capabilities with classic games and applications to cement its position as a market leader in the electronics game space. Navigant Capital Advisors, LLC served as exclusive financial advisor to Radica, initiating the sale of the Company to Mattel, Inc. (NYSE: MAT) and rendering a Fairness Opinion in connection with this going private transaction.

ReView Video, LLC is a leading independent distributor of audio and video conferencing and web collaboration equipment. Navigant Capital Advisors, LLC acted as exclusive financial advisor to ReView Video and its shareholders, which included the control investor, Alpine Investors, LP, a leading San Francisco private equity firm, in the sale of 100% of its assets to the Westcon Group, Inc., a leading specialty distributor in networking, convergence, security and mobility equipment.

Fortress Investment Group, LLC is a privately owned investment manager. The firm provides its services to pension funds, endowments and foundations, financial institutions, funds of funds and high net worth individuals. It manages separate client focused portfolios and hedge funds and invests in the public equity, fixed income and alternative investment markets of the U.S. and across the globe. Buffets, Inc./Ryan’s Restaurant Group operates a chain of restaurants primarily in the mid-scale family dining industry in the U.S. As of June 28, 2006, it had 338 company-owned restaurants and 18 franchised locations in 35 states. Navigant Capital Advisors, LLC served as financial advisor to Fortress in the sale leaseback of 282 properties..

Sarcom, Inc. is a $240 million leading Midwest information technology services and solutions provider to business enterprises, primarily Fortune 1000 and 2000 firms, and government agencies throughout the U.S. The company provides its clients with IT consulting, implementation and operations services across the IT continuum. NCA initially served as financial advisor to senior secured lenders, leading a capital restructuring with a debt to equity conversion. Upon achieving control, NCA served as stakeholder representative overseeing the operating restructuring and ultimate exit transaction.

Select Staffing, Inc. provides employment solutions to manufacturing, industrial, clerical, accounting, technical, and professional services companies. Select Staffing acquired Tandem Staffing Solutions, Inc., a leading provider of temporary staffing services to the light industrial and clerical sectors of the U.S. staffing industry. The combined entity will have annual sales of nearly $1.5 billion, and serve more than 10,000 customers in 35 states from over 300 offices. Navigant Capital Advisors, LLC served as the exclusive financial advisor to Select Staffing.

Navigant Consulting, Inc. / NCA was appointed by the United States Bankruptcy Court for the Northern District of Illinois as Financial Advisor to the estate of $1.5 billion Sentinel Management Group, Inc., reporting to the court-appointed trustee. Our professionals are responsible for assisting the trustee and outside counsel in the operation and management of the estate, identification and collection of all electronic and hard-copy data, performing forensic analysis of historical trading, financing and customer account activity, tracing and identification of fund assets and development of accounting, solvency and other financial analyses in support of legal action brought by the trustee against third parties. In addition, NCA participates in presentations of factual information and analyses to the Creditors Committees and regulators, including SEC, CFTC and NFA. Our professionals have submitted declarations in support of litigation and will serve as testifying experts in current and contemplated litigation against third parties.

Souper Salad, Inc. is a privately held company that operates 91 restaurants in 12 states, including 40 locations in Texas. The company’s business platform is based on an “all you can eat” soup and salad concept. NCA was retained as the exclusive financial advisor to Souper Salad in the company’s bankruptcy filing. The company filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code, with NCA professionals negotiating the terms of a consensual plan of reorganization with its creditors.

NCA served as exclusive financial advisor to the Special Committee of State Mutual Insurance Company (“SMIC”), in connection with SMIC’s divestiture of a controlling equity interest in an insurance marketing services subsidiary. In addition to providing financial advisory services to the SMIC Special Committee, NCA rendered a fairness opinion to the board of SMIC in connection with the transaction.

Sunesys, LLC is a leading provider of high-speed, dedicated fiber optic networks. With its extensive network of fiber optic facilities, Sunesys can service academic institutions (K-12 and higher education), business enterprises, government, hospitals and telecommunications carriers. Sunesys acquired DES Communications, Inc.. Navigant Capital Advisors, LLC served as financial advisor to Sunesys, a division of InfraSource Services, Inc.

TLC Health Care Services, Inc. (“TLC”) is a provider of home nursing and hospice services with 92 home health and 11 hospice agencies located in 22 states and the District of Columbia. TLC’s licensed healthcare professionals provide a wide range of skilled nursing services including disease management, cardiac care, behavioral healthcare, and patient and family healthcare counseling. NCA was retained by TLC’s equity holders to assist in an ongoing financial and operating restructuring. Following NCA’s successful renegotiation of a consensual debt restructuring, NCA professionals oversaw an in-depth operating restructuring. The results of the operational improvement plan implemented by NCA resulted in a significant increase of the Company’s EBITDA from $24.0 million to $38.0 million over a 12-month period.

TLC Health Care Services, Inc. (“TLC”) is a provider of home nursing and hospice services with 92 home health and 11 hospice agencies located in 22 states and the District of Columbia. TLC’s licensed healthcare professionals provide a wide range of skilled nursing services including disease management, cardiac care, behavioral healthcare, and patient and family healthcare counseling. Amedisys, Inc. (NASDAQ:AMED), one of America’s leading home nursing companies acquired TLC Health Care Services, Inc. for $395.0 million in cash.

Navigant Capital Advisors, LLC (“NCA”) was originally engaged as TLC’s exclusive financial advisor to provide capital and operating restructuring. Subsequently, NCA was retained to provide sell-side advisory services and successfully structured, negotiated and closed this transaction.

Tubular Products Company is a closely-held, family-owned business and a recognized leader in the design, engineering, manufacturing and supply of value-added laser cut carbon steel tubing, fabricated tubular components, and welded sub-assemblies. Tubular’s products are sold into a variety of end markets, including outdoor and power transmission equipment, all-terrain, automotive and other vehicles and reusable coil carriers throughout North America. The Company was acquired by Samuel Manu-Tech Inc., a publicly-traded industrial products company that is listed on the Toronto Stock Exchange (TSX: SMT). The acquisition was structured as an all-stock transaction for $33 million cash plus an additional one-year provisional performance payment. Navigant Capital Advisors, LLC was engaged as Tubular’s exclusive financial advisor for this transaction.

U.S. Energy Corporation, a Nasdaq OTC traded company, is a developer of natural resource deposits primarily in the western United States. U.S. Energy owned 70% of Crested Corporation, a joint venture partner in most of its investments. U.S. Energy sought to purchase the remaining shares it did not own and sought a fairness opinion governing the price the Company intended to pay. NCA rendered an initial fairness opinion in January 2007 and subsequently re-affirmed its opinion in October 2007.

WSI International, Inc. operates and franchises a chain of English-language learning centers in 26 countries, including 96 Company-owned and 261 franchised locations. WSI’s primary shareholder is the Carlyle Group. D.E. Shaw Direct Capital (formerly Laminar Direct Capital), is a division of The D.E. Shaw Group that provides equity and debt capital to small and mid-sized businesses. D.E. Shaw Direct Capital engaged NCA professionals to provide due diligence services relating to its proposed credit facility to WSI, including financial and operational due diligence convering WSI’s divisions in China, Taiwan, Europe, and South America.

Wendy’s Old Fashioned Hamburgers is the third largest quick-service hamburger restaurant chain in the world, with more than 6,600 restaurants. NCA was engaged as financial advisor by a seven-unit franchisee to facilitate a debt restructuring and evaluate strategic alternatives.

Westchester Medical Center (“WMC”) is a health care network consisting of a 600 bed tertiary care facility, a 200 bed nursing home, and 60 outpatient clinics with revenues of $550 million. NCA professionals assisted WMC with the development of a capital and operating restructuring plan, obtaining a $30 million capital infusion, the sale of an outpatient imaging center, the spin-off of a clinic supporting developmentally disabled patients, renegotiation of an affiliation agreement with a local medical college, a general reduction in force, and the outsourcing of various service offerings.

Wilton Partners Tollway, LLC is an operator of eight large “oasis” service areas along the Illinois Tollway. NCA served as financial advisor to Wilton in connection with the successful restructuring of its senior secured credit facility with iStar Financial.