2023 Lending & Credit Conference

Al Davis will be on this panel: 11:05 AM – 12:00 PM  “Factors in your Decision Tree on a Problem Loan”

Al has served as CEO, President, Chief Restructuring Officer, Court Appointed Receiver and Management Advisor for public and private companies in such diverse industries as high technology, real estate, media and broadcasting, consumer products, wholesale and retail distribution, wood products, and professional services; providing significant returns to both creditors and stakeholders.

Mr. Davis holds an MBA from Pepperdine University and a B.S. in Electrical Engineering from the University of Southern California. He serves on the advisory board of the Western Governors University of Washington.

Link:  https://wabankers.com/credlend/

PR Newswire: Revitalization Partners Executes Complex Brewery Sale

 

Provided by PR Newswire
Jul 24, 2023 2:10 PM PDT
Revitalization Partners Executes Complex Brewery Sale

PR Newswire

SEATTLE, July 24, 2023

Court-Appointed Receiver Sells Formula Brewing LLC for Market-Based Multiple

SEATTLE, July 24, 2023 /PRNewswire/ — After nearly two years of resolving contentious disputes between the founding partners as well as other stakeholders in an Issaquah, Washington brewpub, restructuring specialist Revitalization Partners (RP) has sold the company to a group of investors operating as Formula Brewing LLC. The motion for sale approval was granted July 20 in King County Superior Court.

Sold as a going concern, the proceeds effectively satisfy all major creditor obligations, with the buyer receiving all assets free and clear of any liabilities or liens. The specific purchase price was not disclosed.

Revitalization Partners has operated the popular 8,000 square-foot micro brewery since November 2021. The court named the well-established Pacific Northwest firm as receiver following a bitter dispute between the founding partners that eventually resulted in litigation.

RP Senior director Kern Gillette, whose professional background includes C-level experience in large foodservice and retail companies, stepped in as a custodial receiver to oversee day-to-day operations at the brewery, along with Revitalization Partners principals Al Davis and Bill Lawrence. Once conditions stabilized, the trio successfully petitioned the court in April 2022 for an appointment as a general receiver, a strategic decision that allowed the competitive sale of the popular brewery.

Leveraging the opportunities of selling the cash-flow-positive company, RP designed a sales process that attracted some 15 bids from investors across the United States. Formula Brewing LLC prevailed, subject to the approval of the landlord and appropriate regulatory agencies, all of which were ultimately granted.

“This case serves as a cautionary example of what happens when two equal partners in a business find themselves in a position where they disagree on virtually everything,” said Mr. Davis. “Fortunately, with the objectivity and background of experienced receivers, we were able to keep those differences from destroying the company and, in the process, created value that substantially exceeded the auction value of its assets.”

About Revitalization Partners
Revitalization Partners specializes in improving the operational and financial results of small and mid-market companies nationwide and abroad. Whether the situation calls for interim management, business valuation or assessment, revitalization, re-engineering or managing through the receivership/bankruptcy process, the firm focuses on finding the best resolution in the shortest amount of time – with the highest possible return.

CONTACT: Michael Shepherd
michael@theshepherdgroup.com
(760) 861-9596

View original content:https://www.prnewswire.com/news-releases/revitalization-partners-executes-complex-brewery-sale-301884395.html

Revitalization Partners & Audience Science Estate Bring Patent Infringement Action

 

FOR RELEASE: IMMEDIATE                                                                 CONTACT: Alan M. Davis
December 7, 2021                                                                                 adavis@revitalizationpartners.com
(206) 914-4107

 

Revitalization Partners Sues Google
and YouTube for Patent Infringement

Receiver Takes Landmark Legal Action Over Companies Unauthorized Use of Technologies Used in Re-Targeting Consumers with Online Ads

 

(SEATTLE, WA) – Reaching a pivotal milestone in its four-year journey as court-appointed receiver for pioneering digital data and advertising company AudienceScience Inc., Seattle-based Revitalization Partners has filed suit against Google LLC and YouTube LLC for infringing on a trio of patents held by the receivership and the former company’s estate.

Revitalization Partners, on behalf of AudienceScience, alleges that both Google and YouTube infringe upon the inventions of AudienceScience by selecting and designating which advertising messages are included when a user requests a web page. The intellectual property litigation is believed to the first ever initiated by a state receiver. Revitalization Partners initially discovered the patents after AudienceScience ceased day-to-day operations in 2017.

AudienceScience invented and patented many of the foundational technologies used across the digital advertising industry today. Among its innovations: the industry’s first behavioral targeting product, enabling publishers throughout the world to serve more relevant advertising based on both user history and page context. This innovation began the empowerment of advertisers to buy highly targeted digital media.

Revitalization Partners co-founder and principal Al Davis said his firm discovered some 32 AudienceScience patents after being appointed by the court to manage the receivership process. Working with Pat Scanlon, director of RP’s digital business practice, the firm began developing a strategy to monetize the value of those proprietary technologies in order to satisfy creditor obligations. The suit against Google and YouTube represents the first of those legal actions.

Mr. Davis said, “As we did our due diligence, we quickly recognized how the patents were being infringed upon by two of the largest and most influential companies in the online world. Now that we’ve received the necessary approvals from the Washington State receivership court in order to pursue litigation, we are in position to execute and potentially recover a significant amount of value for creditors using these and other patents.”

Revitalization Partners engaged noted Silicon Valley IP patent litigation lead counsel Robert Kramer of the Feinberg Day Kramer Alberti Lim Tonkovich & Belloli LLP firm to represent the company in the case against Google and YouTube, along with local counsel The Dacus Firm in Tyler, Texas.

About Revitalization Partners – Revitalization Partners specializes in improving the operational and financial results of small and mid-market companies nationwide and abroad. Whether the situation calls for interim management, business valuation or assessment, revitalization, re-engineering or managing through the receivership/bankruptcy process, the firm focuses on finding the best resolution in the shortest amount of time – with the highest possible return.

About Feinberg Day Kramer Alberti Lim Tonkovich & Belloli LLP – Feinberg Day Kramer Alberti Lim Tonkovich & Belloli LLP is a collective of experienced, nationally recognized, passionate attorneys dedicated to developing and efficiently executing the best objective-based solution. The firm is made up of trial lawyers with unmatched technical depth and over 100 years of experience in IP and commercial litigation. The firm is based in Silicon Valley, CA. Please visit www.feinday.com.

Revitalization Partners Rolls Out Asset Marketing System

 

https://www.abfjournal.com/dailynews/revitalization-partners-launches-asset-marketing-system/?utm_source=ABF+Journal+E-News+Subscribers&utm_campaign=9f21f8776e-ABF+Journal+E-NEW+12%2F18%2F2020_COPY_01&utm_medium=email&utm_term=0_de329107f7-9f21f8776e-31101925

Aiming to improve the returns to creditors from inefficient and slow asset auctions, Revitalization Partners has developed a proprietary new digital marketing system to augment its expertise in corporate restructuring and receiverships. RP’s Asset Marketing Platform provides an alternative to traditional auctions with a robust online tool that can unlock trapped value more quickly.

Utilizing cloud-based technology, the Revitalization Partners system gives the firm’s professionals, all former C-suite executives, the ability to extract more value in managing the receivership process. In addition, it ensures a level playing field by cataloguing every interaction and generating more detailed reporting.

Buyers will appreciate the bid structure provided by the system, enabling them to more quickly understand the auction process and submit bids. Activity tracking creates a record of every interaction, along with an accompanying interest score. Those outcomes can then be used by RP to segment the market interest and tailor communications to prospective buyers.

One of the system’s most compelling features, however, may be the bid optimization module. Instead of tabulating results in relation to overall assets, RP’s platform optimizes price by each item, utilizing scores based on the interactions and interest around individual assets. That improves ROI as well as sell-through.

Buyers of distressed assets often come from a company’s database, but the platform takes those information fields to another level. Its ability to aggregate and integrate data with detailed buyer classifications developed by RP advisors can help expand the addressable market for a company’s assets.

“Our goal in designing the system was to more efficiently monetize the value of assets in receiverships,” said Pat Scanlon, who leads the digital business practice at Revitalization Partners. “By taking a company’s intellectual property and utilizing AI technology, we have not only increased speed, but also the number of potential buyers.”

Revitalization Partners Rolls Out Asset Marketing System

https://www.abladvisor.com/news/30535/revitalization-partners-rolls-out-asset-marketing-system

March 12, 2021, 07:30 AM
Filed Under: Industry News

Aiming to improve the returns to creditors from inefficient and slow asset auctions, Revitalization Partners has developed a proprietary new digital marketing system to augment its expertise in corporate restructuring and receiverships. RP’s Asset Marketing Platform provides an alternative to traditional auctions with a robust online tool that can unlock trapped value more quickly.

Utilizing cloud-based technology, the Revitalization Partners system gives the firm’s professionals, all former C-suite executives, the ability to extract more value in managing the receivership process. In addition, it ensures a level playing field by cataloguing every interaction and generating more detailed reporting.

Buyers will appreciate the bid structure provided by the system, enabling them to more quickly understand the auction process and submit bids. Activity tracking creates a record of every interaction, along with an accompanying interest score. Those outcomes can then be used by RP to segment the market interest and tailor communications to prospective buyers.

One of the system’s most compelling features, however, may be the bid optimization module. Instead of tabulating results in relation to overall assets, RP’s platform optimizes price by each item, utilizing scores based on the interactions and interest around individual assets. That improves ROI as well as sell-through.
 
Buyers of distressed assets often come from a company’s database, but the platform takes those information fields to another level. Its ability to aggregate and integrate data with detailed buyer classifications developed by RP advisors can help expand the addressable market for a company’s assets.

“Our goal in designing the system was to more efficiently monetize the value of assets in receiverships,” said Pat Scanlon, who leads the digital business practice at Revitalization Partners. “By taking a company’s intellectual property and utilizing AI technology, we have not only increased speed, but also the number of potential buyers.”

Revitalization Partners Names Former Madison Avenue Digital Marketing Executive as Director


(SEATTLE, WA) – Pat Scanlon, a turnaround specialist who has developed and led digital business transformations at several Fortune 100 brands in the U.S. and abroad, has joined Seattle-based Revitalization Partners as Director. He will lead the turnaround and corporate advisory firm’s digital technology practice.

Mr. Scanlon specializes in working with management teams to build value and monetize their digital assets and lines of business. A pioneer in digital marketing, his experience includes 30 years with companies such as USA Today Sports, where he oversaw all online platforms and SaaS infrastructure for the millennial market, to J. Walter Thompson. He served as the Madison Avenue agency’s first Director of Interactive Marketing in Australia & Asia, guiding initial online strategies for the international divisions of Kraft Foods and Ford.

His media resume also includes tenure as a Board Member overseeing the digital restructuring of the Pittsburgh Post-Gazette, as well as Chief Technology Officer and senior executive for Australia’s first dotcom. Mr. Scanlon spent his early career as an award-winning photographer for clients such as Sports Illustrated, Nike, and Qantas, taking on assignments across the US, China, and Australia.

Before joining Revitalization Partners, Mr. Scanlon operated as an independent consultant in the manufacturing and software sectors. His client work included developing new technologies and strategy for a media company, reorganizing enterprise architecture for a multi-million dollar ship renovation, and developing technology and digital marketing implementations for a leading online pet retailer.

“When it comes to digital business and the tech stack, there’s a lot of chatter about what companies are doing to create value,” said Revitalization Partners Principal Al Davis. “Pat Scanlon has actually done it. He brings a deep level of operational expertise in a discipline companies do not often find in a turnaround firm. We’re delighted to have him join the RP team.”

About Revitalization Partners
Revitalization Partners specializes in improving the operational and financial results of small and mid-market companies nationwide and abroad. Whether the situation calls for
interim management, business valuation or assessment, revitalization, re-engineering or
managing through the receivership/bankruptcy process, the firm focuses on finding the best resolution in the shortest amount of time – with the highest possible return.

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