IMAX

IMAX Worldwide Home

Sale Process

Key Challenge

IMAX Worldwide Home: ONYX, with a strategic partner, executed an outright purchase of IMAX Worldwide’s Inventory ($18+ million wholesale cost), Machinery & Equipment, Accounts Receivable, Intellectual Property and more, from the company’s Assignment for the Benefit of Creditors. Headquartered in Tulsa, Oklahoma, IMAX operated a 500,000 sq sf distribution center in Ontario, CA and showrooms in six different states.

Key Takeaway

The company was a home accessory importer/wholesaler of a variety of products, from accent furniture to wall décor, lighting and accessories. Onyx executed a multifaceted asset sale strategy that protected against brand erosion and maintained retail confidence and value in the company’s products and name.  

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