Pacific Crossing

The Company

Pacific Crossing, LLC (Pacific Crossing or the Company), headquartered in Irvine, California, is a provider of information technology and engineering staffing and services to government agencies, government prime contractors, and other companies. Since 1994, Pacific Crossing has helped its clients strengthen their existing in-house teams by providing them with leading edge solutions to assist them in managing their information technology and engineering and healthcare/medical projects. The Company has more than 200 employees, with a majority working on-site at the Company’s clients.

The Situation

Due to significant litigation costs and compensatory damage obligations associated with a shareholder dispute, the Company was forced to file for protection under Chapter 11 of the United States Bankruptcy Code.

The Transaction

KPMG Corporate Finance was engaged by Pacific Crossing to provide a valuation opinion of the Company in connection with a proposed plan of reorganization of the Company. Based upon the findings of our valuation, all parties were able to reach agreement on the Company’s plan of reorganization and the Company successfully emerged from bankruptcy.