AZTEC Engineering Group
Aztec is the largest tent and event rental provider in Houston, Texas providing tents and equipment for events including the Houston Livestock Show & Rodeo and the Texas MS150 Houston to Austin bike ride. For the past year the Company has provided tents and services for the largest COVID-19 testing and vaccination sites in the region. Shaffer is the largest provider of hospitality structures and tents to the PGA Tour and other sporting events in the country, including Formula 1 and NASCAR at Circuit of the Americas and the Breeders Cup. The Company experienced a severe reduction in revenue as a result of COVID-19, which curtailed events in the Houston area and at PGA Tour events nationwide. As Chief Restructuring Officer, Carl Marks Advisors helped Aztec/Shaffer stabilize its operations, manage its day-to-day processes, and retain critical customer and vendor relationships. Carl Marks Advisors also prepared the Company for a process that culminated in the sale of the business pursuant to Section 363 of the U.S. Bankruptcy Code on April 23, 2021.