ShiftPixy

ShiftPixy, a publicly traded staffing firm powered by a proprietary software platform, retained Hilco Streambank to lead an asset sale following its chapter 11 bankruptcy filing. Throughout the process, ShiftPixy remained operational, retaining a core team of over a dozen employees and continuing to serve its clients.

In collaboration with ShiftPixy CRO Jonathan Feldman and counsel, Hilco Streambank executed a comprehensive marketing campaign, engaging more than 30 potential buyers in due diligence and qualifying six bidders.

At auction, the bidders engaged in 30 rounds of bidding, culminating in a winning bid which nearly doubled the opening bid. The result allowed for the payment of post-petition claims, the prospect of which was far from certain at the outset of the case.