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Content Critical Opens for Business After Acquiring Assets of Two Firms

March 18, 2010
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About Keltic Financial
Keltic Financial Services has specialized in providing asset-based working capital lines of credit to middle market companies for over ten years. Keltic's credit facilities range from $1,000,000 to $10,000,000 and target manufacturing, service and distribution companies. Keltic can finance companies who are highly leveraged, in a turnaround situation or experiencing accelerated growth. Keltic can also provide capital to finance acquisitions, management buyouts, turnarounds and DIP financing. During the past decade Keltic has committed over $800 million and in addition to its headquarters in Tarrytown, New York has regional offices throughout the country. For more information please visit www.kelticfinancial.com
 

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Most Recent Comments:
Qian Lou - Posted on May 09, 2011
It's soup! My condolences to the sales people that have to support their family. They were able to spend money on their new website, but they are behind to 2 quarters (1/2 Year) in paying commissions due their sales team. The old regime would have never let that happen.
Abe Froeman - Posted on October 23, 2010
What is really interesting about this story is the current management of this “new” company, was originally an outside consultant for the old company. The consultants worked for a management firm that advises organizations facing operational and financial difficulties. Global Document Solutions hired this company so their team can mange them through tough financial times and paid considerable fees. This management firm places members of their executive team in management roles of the company and guide them through restructuring. This restructuring consisted of hiring an ”outside consultant” that produced very little results. After that fiasco and no buyers, the management of Global Documents Solutions chose not to pay any of their debt, be forced into bankruptcy, walk away from their long relationship with their vendors and start a new company with the same clients, the same employees at the same locations. Then find another company that did the same thing and join forces. Just give it a different name. This was a 100 year old company that was put into bankruptcy in just two years, and now they are business under a new name. You cant become honest by changing your name. Who is doing business with them?
Click here to view archived comments...
Archived Comments:
Qian Lou - Posted on May 09, 2011
It's soup! My condolences to the sales people that have to support their family. They were able to spend money on their new website, but they are behind to 2 quarters (1/2 Year) in paying commissions due their sales team. The old regime would have never let that happen.
Abe Froeman - Posted on October 23, 2010
What is really interesting about this story is the current management of this “new” company, was originally an outside consultant for the old company. The consultants worked for a management firm that advises organizations facing operational and financial difficulties. Global Document Solutions hired this company so their team can mange them through tough financial times and paid considerable fees. This management firm places members of their executive team in management roles of the company and guide them through restructuring. This restructuring consisted of hiring an ”outside consultant” that produced very little results. After that fiasco and no buyers, the management of Global Documents Solutions chose not to pay any of their debt, be forced into bankruptcy, walk away from their long relationship with their vendors and start a new company with the same clients, the same employees at the same locations. Then find another company that did the same thing and join forces. Just give it a different name. This was a 100 year old company that was put into bankruptcy in just two years, and now they are business under a new name. You cant become honest by changing your name. Who is doing business with them?