The Mirus Special Situations Group

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Corporate Divestitures

As a FINRA-member firm, Mirus Securities and the Mirus Special Situations Group have represented dozens of larger public- and privately-owned corporations with the sale of underperforming or non-core operating subsidiaries, as well as discreet assets such as a product line, manufacturing facility, or a technology license.

Examples of successful divestitures for corporate clients have included:

Aztec Technology Partners (NASDAQ: AZTC)

In order to pay down debt and comply with the terms of a forbearance agreement, the Special Committee of the Board of Directors engaged Mirus Special Situations Group to sell two of the company’s operating subsidiaries, PCM, Inc. (Chicago) and McDowell-Tucker (Dallas). Read the Full Case Study.

Condor Technology Solutions, Inc. (NASDAQ: CNDR)

After a decision had been made to shift the business model to professional services and away from products, the Special Committee of the Board of Directors engaged Mirus to sell the company’s software division, based in Denver. Read the Full Case Study.

Troy Mills

Having filed for Chapter 11 bankruptcy protection, the Mirus Special Situations Group was retained to assist the company with a reorganization, including the sale of operating assets in the company’s New Hampshire operation. Mirus negotiated the sale of the company’s headliner division to Cosmopolitan Textiles, as well as a sale of the filtration unit to Knowlton Non-Wovens, before ultimately recapitalizing the remaining business, with operations in West Virginia. Read the Full Case Study.