Consolidated Roofing & Waterproofing, Inc.
In February 2002, Renaissance became the crisis manager and chief restructuring officer for Consolidated Roofing & Waterproofing, Inc. and its subsidiaries (“CRW”), a provider of commercial roofing and waterproofing systems as well as related services in the northeastern, southeastern, midwestern and southwestern areas of the United States. In March 2002, CRW filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Our responsibilities were to oversee operations of the debtors and attempt to sell all six operations of the debtors. Five of the six operations of the debtors were successfully sold with the purchasers assuming all of the unsecured trade debt of the respective operations. The sixth operation was ultimately liquidated.