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FOR IMMEDIATE RELEASE – March 11, 2016
Richard M. Beck, Esquire, a partner at Klehr Harrison Harvey Branzburg, LLP, received the 2015 M & A Advisor’s Industrial Manufacturing and Distribution Deal of the Year (Under $100MM) Award in recognition of the Firm’s work on behalf of the Official Committee of Unsecured Creditors in the Chapter 11 case of Saladworks, LLC, in the United States Bankruptcy Court for the District of Delaware. The award recognized the successful results achieved in the bankruptcy case from the sale the debtor’s assets to an affiliate of Centre Lane Partners, LLC. The transaction resulted in a confirmed chapter 11 plan that provided for a 100% principal recovery to unsecured creditors. Mr. Beck and the firm were recognized at the 10th Annual Turnaround Awards Summit in Palm Beach, Florida.
“I am honored for the Firm’s recognition of its important role in the successful outcome of the Saladworks case”, said Beck. “We are proud to have been recognized at a national level on a matter that concluded with a successful outcome for our client’s constituency.”
Saladworks, LLC, is a restaurant franchise concept that sells made-to-order entrée salads, wraps, soups, and sandwiches. Their restaurants are categorized as "fast casual," and the company markets its menu as a healthy alternative to other fast food fare. The company’s franchisees currently operate 110 restaurant locations in 15 states and are developing locations internationally.
The M &A Turnaround Awards Winners recognize excellence in deal making, accomplishments and the contributions of leading firms and professionals.