E. A. Holdings, Inc was founded in 1995 with a vision of changing the traditional business model that applied to the oilfield metals distribution market. The strategy was to become a value-added supply chain partner of its customers in an industry that was traditionally transaction oriented and adversarial. The Company’s Management Team also understood the critical need for Internet-based information technology for real-time inventory and transaction processing.

The Company’s approach was well received and growth ensued. With growth comes the need for capital and the Company formed a joint venture with a family-controlled public company, which operated steel distribution centers. The public company was to provide growth capital and management guidance. The steel industry was under considerable strain for several in the early 2000s and E. A. Holdings, Inc., which was growing and profitable, found that its "strategic capital partner" was not meeting its obligations. In fact, the relationship had slowed the Company’s growth and, the owners feared, the public company was attempting to "squeeze-out" the entrepreneurs that had founded the business. In essence, trying to take their growing and profitable company.

Making matters worse, the entrepreneurs had entered into a complicated joint venture agreement, which made it difficult to sever the relationship with the non-performing capital partner. E. A. Holdings, Inc. needed help. Their accounting firm referred them to Source Capital, Ltd. Working closely with the Company’s law firm, Source developed a unique negotiating approach, which supported an interesting legal argument regarding the right to dissolve the partnership coupled with a recapitalization and growth strategy. The tables were turned. But, there was a heavy-handed response. In the end, swift thinking, skillful analysis and negotiation, and a workable financing strategy moved the resolution to a favorable conclusion. It was a very important day for E. A. Holdings, Inc. and one more satisfied client for Source Capital, Ltd. When years of experience count, you can count on Source.