Newpoint Advisors Leads Sale Process for Century-Old Foundry and Machine Shop

BRENTWOOD, TN, UNITED STATES, October 2, 2026 /CourierPR/ -- Newpoint Advisors has been appointed to lead the Section 363 sale process for a century-old foundry and machine shop based in the Upper Midwest. The company, which has been in operation for over 100 years, is currently undergoing a voluntary Chapter 11 filing in the United States Bankruptcy Court for the Central District of Illinois. This move comes after the wind-down of purchasing by the company’s largest historical customer and the presence of legacy liabilities that have prevented an out-of-court sale or partnership.

The foundry and machine shop, which produces aluminum, brass, and bronze sand castings and machines them in-house, serves a diverse range of customers including marine, industrial, agriculture, construction equipment, automotive, and aerospace/defense sectors. With a workforce of approximately 30 employees, the company is AS9100 certified and ITAR registered, and has self-certified to CMMC Level 2. Additionally, it holds Women-Owned Small Business (WOSB) and HUBZone certifications.

Newpoint Advisors plans to run a court-supervised sale process under Section 363 of the Bankruptcy Code. The process is expected to last approximately 90 days, subject to court approval of bidding procedures. The company may designate a stalking-horse bidder, and Newpoint welcomes interest from parties seeking to serve as both DIP lender and buyer. Qualified parties will receive additional information after executing a non-disclosure agreement.

The company continues to serve customers and pay employees in the ordinary course throughout the process. It is diversifying into defense and industrial customers and expects to continue operating as it seeks financing partners and a going-concern buyer. The company has more than 100 years of operating history and is AS9100 certified and ITAR registered, with self-certification to CMMC Level 2 and Women-Owned Small Business (WOSB) and HUBZone certifications.

Newpoint Advisors Corporation, a turnaround and financial advisory firm serving small to lower middle market businesses, is dedicated to improving troubled and financially underperforming small to lower middle market businesses. Its collaborative, process-oriented approach delivers objective solutions for a fixed fee and on a fixed timeline. The company is committed to helping the foundry and machine shop navigate its bankruptcy process and find a suitable buyer or financing partner.

The sale process is expected to run approximately 90 days, subject to court approval of bidding procedures. The company may designate a stalking-horse bidder, and Newpoint welcomes interest from parties seeking to serve as both DIP lender and buyer. Qualified parties will receive additional information after executing a non-disclosure agreement. The company continues to serve customers and pay employees in the ordinary course throughout the process. It is diversifying into defense and industrial customers and expects to continue operating as it seeks financing partners and a going-concern buyer.