McGinley Mills

Division: Phoenix Capital Resources, Phoenix Management Services


McGinley Mills was a $20 million privately held manufacturer of rayon ribbon based in New Jersey.


Due to the pressure of foreign competition and the overall price pressures within the textile industry, McGinley Mills was finding it a challenge to remain profitable.


Phoenix Management Services was hired to complete an operational assessment of the business and develop a strategic plan for leading the Company forward. Phoenix concluded that a sale of the business and an orderly wind down was the best course of action. Phoenix led the sale of the firm through a bankruptcy and managed the liquidation of all assets.