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|Business Description:||A grocery chain providing gourmet selections in the Napa Valley of California.|
The company required outside council to operate the business during the Assignment for the Benefit of Creditors (ABC) process. Diablo Management Group (DMG) was engaged to serve as assignee during the ABC process. Richard Couch assumed fiduciary control of Oakville Grocery, while Michael Cronin served as project manager.
Throughout this assignment DMG conducted all operations, while preparing the business for sale. An auction was hosted among various bidding parties and Oakville Grocery was sold to highest bidder.