Rochester Shoe Tree Company

A New Hampshire manufacturer with a 97-year history specializing in cedar shoe trees and shoe care products faced a series of serious operational setbacks. Within a single year, the company experienced both a boiler explosion and the need to replace its fire retention pool. These incidents caused substantial downtime, increased expenses, and disrupted production. Despite fully utilizing its working capital line each week, the company struggled to secure the raw materials necessary to meet customer demand.

To address these challenges, Grant worked with the company to negotiate continued financing with its lenders while also launching a strategic marketing process. Several prospective buyers conducted thorough due diligence and submitted offers. Ultimately, Grant facilitated a transaction with one of the company’s suppliers, securing creditor approval. As a result, 30 jobs were preserved and the business continued operations.