Susan M. Cook, a partner in the Southfield and Midland offices of Warner Norcross + Judd LLP, has been recognized by the Turnaround Management Association for her role in the Mid-Size Company Transaction of the Year.
Cook and a team of Warner attorneys served as legal advisors to Beach Mold and Tool Inc. in New Albany, Indiana, during its sale to NYX Inc. They provided a comprehensive restructuring aimed at returning the distressed supplier to solid footing. This effort included contract reviews, supplier negotiations, the sale of a Virginia-based subsidiary to a European buyer and, ultimately, the sale of Beach, all under close scrutiny of Beach's major lender.
Warner attorneys then advised Beach throughout the NYX sale process and structured the transaction documents. Based in Livonia, Michigan, NYX is a minority-owned global business enterprise that designs, develops and manufactures interior and technology solutions for the automotive industry.
Warner teamed with Amherst Partners in the representation of Beach. Other professionals representing other constituents in the transaction included Wolfson Bolton on behalf of NYX and KPMG US. This was one of five deals recognized this year with a TMA Turnaround and Transaction Award, which are among the most prestigious and recognizable in the industry.
The transaction was also honored by the Association of Corporate Growth Detroit Chapter as its 2020 Deal of the Year over $50 million.
Cook has more than 40 years of experience in the areas of bankruptcy, business reorganization, commercial litigation and business transactions. She has represented both purchasers and sellers in the sale of businesses, banks in the drafting and reviewing of loan documentation, and distressed businesses and creditors in both out-of-court and bankruptcy reorganizations.
Her reorganization experience is in a wide range of industries, including automotive, hospitality, healthcare, construction, gaming and retail. She has significant experience representing Tier I and Tier II automotive suppliers and has been involved in all of the major automotive bankruptcy proceedings in the past 15 years.
About TMA
The Turnaround Management Association is the most professionally diverse organization in the corporate restructuring and corporate health space. Established in 1988, TMA has almost 10,000 members in 54 chapters worldwide, including 34 North American chapters. Members include turnaround practitioners, attorneys, accountants, advisors, liquidators, consultants, as well as academics, government employees and members of the judiciary. Visit turnaround.org/become-member for more information and to join.
About Warner
By providing discerning and proactive legal advice, Warner Norcross + Judd LLP builds a better partnership with our clients. One of Michigan’s largest law firms, we’re focused on providing the best legal solutions and exceptional client service to organizations throughout the world. Connect with us on wnj.com, LinkedIn, Twitter or Facebook.
# # #
