#USA #Delaware #Tiger Group #SB360 Capital #BFG Supply Co.

Overview of the Asset Sale of BFG Supply Co.

In a significant development within the wholesale distribution industry, SB360 Capital Partners and Tiger Capital Group have received approval from the U.S. Bankruptcy Court for the District of Delaware to proceed with marketing and selling the assets of BFG Supply Co. This decision follows BFG's recent Chapter 11 bankruptcy filing, initiating a quest for optimal value transactions through the liquidation of assets.

BFG Supply Co., a reputable name in the lawn and garden sectors, has a rich history spanning over five decades. The firm has long served a diverse clientele, including retailers, wholesalers, and professional growers, providing a vast array of horticultural products. With a strategic operational footprint comprising 17 warehouses and manufacturing sites covering over 1.5 million square feet, BFG has supported more than 10,000 customers nationwide, offering a mix of over 100,000 distinct products from upwards of 1,000 vendor partners.

Significant Opportunities in the Sale

The sale of BFG's assets presents a unique opportunity for various stakeholders—from large-scale distributors to independent retailers. The available inventory spans multiple categories, such as:

• - Lawn and garden products
• - Greenhouse and nursery supplies
• - Pots, planters, and containers
• - Growing media, soil, and amendments
• - Fertilizers, nutrients, and additives
• - Irrigation equipment
• - Tools and protective measures for crops
• - Outdoor living decor and controlled-environment products

The comprehensive marketing efforts by SB360 and Tiger aim to attract strategic buyers interested in seizing the opportunities presented by BFG's extensive inventory. Robert Gould, Executive Vice President at SB360, emphasizes their capability to navigate intricate wholesale and distribution engagements, signifying expertise that enhances the potential for asset liquidation.

Collaboration for Efficient Liquidation

To optimize this process, SB360 and Tiger will be working hand-in-hand with Reflect Advisors, who serves as the Chief Restructuring Officer and advisor for the Company. Their collective expertise is set to enhance the efficiency of asset recovery by leveraging relationships and networks across various sales channels. This collaborative approach is crucial for maximizing returns for BFG's stakeholders, especially during such a pivotal transition phase.

The diversity of BFG's inventory and distribution strategy further enhances the chances for successful sales. This distribution mix attracts a broad spectrum of potential buyers, including not only large-scale distributors and strategic competitors but also niche market participants and resellers.

Additionally, BFG is currently on the lookout for potential buyers interested in acquiring the company as a going concern. This strategy, alongside the liquidation of its assets, could provide a path for the firm to continue operations under new ownership, catering to an ongoing market need without further disruption.

The Next Steps

As the asset sale progresses, further details regarding available inventory, sale procedures, and opportunities to purchase will be disclosed. Stakeholders and interested parties are urged to stay informed throughout the process. BFG's representation includes legal counsel from Cole Schotz P.C., restructuring advisory from Reflect Advisors, and investment banking services from SSG, which adds to the robustness of the sale process and prospects of recovery.

If you are interested in acquiring any of BFG's assets, or require additional information, you are encouraged to reach out to the email provided in the official announcement. With the complexities inherent in this transaction, BFG's stakeholders are hopeful for outcomes that restore the company's value and market presence effectively.

About BFG Supply Co.

Founded in 1972, BFG Supply Co. has established itself as a vital wholesale distributor within the Green Industry. The company continues to serve professional growers and independent retail outlets through its expansive distribution network and diverse product offerings, maintaining a commitment to quality and customer service even amidst current challenges.

About SB360 Capital Partners

SB360 Capital Partners stands as a premier advisory firm specializing in asset realization and restructuring services across North America’s retail and consumer industries. Their strategic investments and asset-based financing solutions are designed to facilitate business turnarounds and support companies navigating financial transitions smoothly.

About Tiger Group

Tiger Capital Group offers expert financial services and asset management solutions across various retail, wholesale, and industrial sectors. Their extensive experience and resources enable clients to maximize value while effectively managing market risks and executing complex transactions, catering to evolving business needs.