August 3, 2021
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Hesperus Peak, Inc. & Blue’Spa, Inc.

Substantially all of the assets of these two companies will be sold pursuant to their confirmed chapter 11 plan on September 1st; the deadline to submit bids is August 5th. More information about the sale, which is being coordinated by Debtors’ counsel, Bauch & Michaels, LLC, is available here on DailyDAC.
 

Overwatch Technologies, Inc. d/b/a Overwatch Digital Health

Parkins Lee & Rubio LLP, as agent for Trustee Clive Barrett, is conducting an Article 9 sale on August 17th (for which potential bidders must qualify by August 13th) of substantially all intellectual property of Overwatch Technologies, Inc. d/b/a Overwatch Digital Health.

View the full Public Notice on DailyDAC
 

Need to Spot Companies Heading Into Distress?

Plenty of services mine SEC data and plenty of others aggregate bankruptcy case information. But only DailyDAC’s DISTRESSED DEAL DATAPOINTS™ curates hard-to-find information about private companies that are stressed and distressed but not in bankruptcy. From plant closings to mass layoffs; from receiverships and assignments for the benefit of creditors, to UCC Article 9 sales, and more - DISTRESSED DEAL DATAPOINTS™ is the only service of its kind. Subscribe here. $49.99 per month if you subscribe in August. Cancel anytime. Subscriptions are limited.
 

What Secured Lenders Should Know If Their Borrower Files for Bankruptcy

When you learn that your borrower is in distress, you have two options: cooperate or don’t cooperate and try to foreclose on your collateral. The latter can be difficult when the court is focused on helping the debtor succeed, so pick your battles wisely. Learn about your options as a lender, adequate protection, and more in What Secured Lenders Should Know If Their Borrower Files for Bankruptcy by Robert Leavitt.
 
Keen Summit
 
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. Shares of Par Value common stock - personal care products company - (29894)
  2. Equity interests - vacation charter company - (29828)
  3. Oilfield & energy services company - (29895)
  4. 27 commercial development lots - (29783)
  5. Sign shop - (29896)

Private Company Sales

  1. Interest in oil & gas & salt water injection wells - (29861)
  2. Temperature & pressure instrument manufacturer - (29890)
  3. CBD eCommerce business - (29856)
  4. Hotel/motel - 37 units - (29863)
  5. Truck stop business - (29862)
  6. HVAC company - (29860)

Assignment for the Benefit of Creditors Sales

  1. Manufacturer of fixed gas detection products - (29883)
  2. Trucking & logistics services company - (29801)
  3. Demolition services provider - (29800)
  4. Dental practice - (29884)
  5. Law firm - (29802)

Chapter 11 - 363 Sales

  1. Class B industrial building - 48,282 sq. ft. - (29825)
  2. Equity interests in a business subsidiary - (29878)
  3. Logging services & land clearing company - (29899)
  4. Farm machinery & equipment - (29823)
  5. Interest in a judgement - (29818)
  6. Branded 129 room hotel - (29901)

Chapter 11 - Investment Banker Application Filed

  1. No new deals added this week.

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Organic food wholesaler - (29778)
  2. Commercial refinery - (29780)

Chapter 7 - Sale of Business Assets

  1. Interest in intellectual property - restaurant chain - (29820)
  2. Industrial, business equipment & vehicles - (29822)
  3. Large equipment, excavators & generators - (29816)
  4. Engineering & construction contractor - (29826)
  5. Lakefront property - 11,165 sq. ft. - (29898)
  6. Mechanical sprinkler contractor - (29814)

Chapter 12 Bankruptcy

  1. Farmland - 40 acres - (29797)

Plant/Facility Closings

  1. Secondary market products company - (29831)
  2. Activewear retailer & wholesaler - (29835)
  3. Distribution services business - (29834)
  4. Vehicle manufacturer supplier - (29889)
  5. Office equipment retailer - (29829)
  6. Healthcare business - (29832)

Rating Agency Alerts/Other Signs of Distress

  1. Robotics & artificial intelligence provider - (29796)
  2. Manufacturer of electric vehicles - (29793)
  3. Equity crowdfunding platform - (29791)
  4. Waste optimization company - (29794)
  5. Cycling streaming service - (29881)
  6. Well drilling company - (29792)

Auctions

  1. Two industrial warehouse style buildings - (29876)
  2. Carolina Panther seats - Multiple lots - (29799)
  3. Direct mail distribution center - (29817)
  4. Sanitation company (w/company) - (29812)
  5. Vehicle washing system - (29897)
  6. Complete machine shop - (29813)
  7. Restaurant equipment - (29815)

Other Interesting Sales

  1. Farmland & orchard - 161 acres - (29859)
  2. Farmland - 102.2 acres - (29790)
  3. Fine arts & antiques - (29893)
  4. Farmland - 80 acres - (29789)
  5. Vineyard - 26 acres - (29857)
  6. Winery & vineyard - (29858)

Bulk Sales

  1. Branded shipping & office services business - (29784)
  2. Restaurant (w/fixtures & equipment) - (29786)
  3. Commercial beverage license - (29788)
  4. Full-service gas station - (29887)
  5. Portable septic business - (29787)
  6. Full-service restaurant - (29885)
  7. Automotive repair shop - (29785)
  8. Vineyard - (29886)

Receiverships

  1. Crop farm - 369 acres (w/equipment) - (29848)
  2. Plant & tree nursery (w/equipment) - (29847)
  3. Farming equipment - Multiple lots - (29844)
  4. I-A land - 12,540 sq. ft. - (29845)
  5. 2,722 domain names - (29892)

Mass/Significant Layoffs

  1. Oilfield & energy services business - (29838)
  2. Hydraulic fracturing business - (29839)
  3. Alloy pipe fabrication plant - (29836)
  4. Fruit & produce company - (29888)
  5. Bulk trucking business - (29837)
  6. Call center facility - (29840)
View All Deals on DailyDac.com
 
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