June 15, 2021
Share the Newsletter Sign Up
 

West Coast-Based Clothing Manufacturing Company

ABC Services Group, Inc., has announced its engagement on behalf of a secured creditor to sell substantially all assets of a clothing manufacturing company of multicategory (sportswear, activewear, resort wear, loungewear and swimwear) under Article 9 of the Uniform Commercial Code. The bid deadline is June 18th.

Read the full public notice on DailyDAC.
 

Ocean-Going Petroleum Barge Company

Kirkland & Ellis LLP has announced that Bouchard Transportation Co., currently in Chapter 11, is soliciting offers for a transaction or transactions, any of which may include the purchase of some or all of its assets. Bouchard is the nation’s largest independently-owned ocean-going petroleum barge company, with a fleet of 25 double-hulled barges and 26 tugs. The bid deadline is July 16th.

See the entire public notice on DailyDAC.
 

Real Estate in Alabama, Georgia and Mississippi

Seven Hills Auctions has announced the public auction of real estate consisting of commercial buildings, commercial land, bulk homesite packages, large acreage tracts, a bank branch, a religious facility, a restaurant, and more. The auction will end on June 30th.

Find out more on DailyDAC.
 

Water Rights in Colorado

Winstead PC announces the Article 9 sale of indirect rights for water associated with the London Mine located in Park County, Colorado. The bid deadline is June 14th.

The full public notice is on DailyDAC.
 

No, “Solvent Debtor” Is Not an Oxymoron

Nowhere in the Bankruptcy Code does it say that a company must be insolvent in order to file for chapter 11. But as a creditor, your borrower or customer isn’t even broke—and you need to get paid. So, what gives? Let’s look at the debtor’s perspective and understand why filing for bankruptcy makes sense, when it’s valid, and when creditors can pursue dismissal. Read "Solvent Debtor? A Chapter 11 Debtor Need Not Be Broke" to learn more.
 
Latest Deals Added to the Opportunistic Deal Database
The deals listed here were added to the ODD throughout the seven day period ending this past Sunday. The number in parentheses next to each deal is its unique ID number, included so you can easily find these deals on our website by searching for this number.

Secured Party Sales

  1. Interest & rights to real estate - equity mgmt. co. - (29053)
  2. Indirect rights to water mine - (29052)

Private Company Sales

  1. Profitable Heavy Equipment Rental/General Contractor - (29144)
  2. Cannabis cultivation facility (w/real estate) - (29147)
  3. Heavy Truck, Trailer & Construction firm - (29143)
  4. Polyurethane concrete services firm - (29142)
  5. Glassware manufacturing business - (29146)

Assignment for the Benefit of Creditors Sales

  1. Retail electricity provider - (29061)
  2. Residential home builder - (29062)

Chapter 11 - 363 Sales

  1. Aircraft parts & services company - (29148)
  2. Environmental services company - (29149)
  3. Commercial beverage license - (29150)
  4. Real estate developer - (29151)
  5. Brewery - (29152)

Chapter 11 - Investment Banker Application Filed

  1. Reality show production company - (29072)
  2. Frozen produce wholesaler - (29071)
  3. Skilled nursing facility - (29070)
  4. Energy services company - (29069)
  5. Electric power provider - (29068)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Hardware retail franchise - (29073)
  2. Fitness franchise - (29074)

Chapter 7 - Sale of Business Assets

  1. Industrial business vehicles & equipment - (29153)
  2. Interest in potential avoidance claims - (29155)
  3. Development real estate - (29154)
  4. Pop art & collectibles - (29156)

Chapter 12 Bankruptcy

  1. No new deals added this week.

Rating Agency Alerts/Other Signs of Distress

  1. Developer of plant-based formulations - (29078)
  2. Glass & aluminum system installer - (29075)
  3. Services management company - (29077)
  4. Precision medicine company - (29079)
  5. Investment firm - (29076)

Auctions

  1. Generator & welding equipment repair - (29060)
  2. Industrial equipment & supplies - (29059)
  3. Antiques - Signs - Advertising - (29057)
  4. Tooling & industrial Supplies - (29058)
  5. Machining facility - (29056)

Other Interesting Sales

  1. Industrial/development land - 113.52 acres - (29131)
  2. Recreational land - 80 acres - (29134)
  3. Vineyard - 113.52 acres - (29135)
  4. Farmland - 54.7 acres - (29133)
  5. Ranch - 515 acres - (29132)

Bulk Sales

  1. Branded fast food restaurant - (29067)
  2. Commercial beverage license - (29066)
  3. Restaurant & bagel producer - (29063)
  4. Restaurant (w/equipment) - (29065)
  5. Winery & vineyard - (29064)

Receiverships

  1. Trucking, warehousing & logistics business - (29140)
  2. Financial services & investment firm - (29137)
  3. Personal respirator dealer - (29139)
  4. Branded hotel franchise - (29136)
  5. Commercial strip mall - (29138)

Mass/Significant Layoffs

  1. Hydraulic fracking & oilfield services company - (29083)
  2. Oil & gas equipment dealer - (29081)
  3. Oil & natural gas servicer - (29082)
  4. Motor vehicle manufacturer - (29094)
  5. Steel auto parts producer - (29095)

Plant/Facility Closings

  1. Plastics material & resin manufacturer - (29085)
  2. Durable goods merchant wholesaler - (29088)
  3. Freight Transportation company - (29089
  4. Navigation & nautical system - (29084)
  5. Food manufacturer - (29086)
View All Deals on DailyDac.com
 
DailyDAC, LLC
1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
[email protected]
&mbsp;