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PUBLIC NOTICE OF PRIVATE SALE OF OPERATING COMPANY: The Court-Appointed Receiver of Evans Tempcon, Inc. Announces the Going-Concern Private Sale of Industry Leading Company That Engineers & Manufactures HVAC Systems & Components for RVs, Agricultural & Specialty Vehicles

NOTICE OF SALE OF OPERATING COMPANY

EVANS TEMPCON, INC.

Charles (Chip) Hoebeke of Rehmann Turnaround and Receivership Services, LLC, appointed as the Receiver over Evans Tempcon, Inc. (“Evans”) by the U.S. District Court for the Western District of Michigan in Case No 1:14-cv-00782, hereby provides notice of his intent to sell Evans as a going-concern.

Company Overview: Evans is an industry leader for engineering and manufacturing heating, ventilation, and air conditioning (“HVAC”) systems and components for recreational, agricultural, off-highway and specialty vehicles. Evans’ plant and offices are located in approximately 288,000 square feet of buildings in Grand Rapids, Michigan. Manufacturing operations occupy 225,000 square feet and offices occupy 30,000 square feet of space. Evans is ISO 9001 certified and employs 66 individuals.

Proposed Transaction: The Receiver anticipates selling Evans as a going-concern in an asset sale, but would consider a stock sale. Because of the accelerated nature of this process, any potential interest in the transaction must be indicated as soon as practicable. Upon execution of a Confidentiality and Non-Disclosure Agreement, we will provide you with additional materials for review. Direct all inquiries and requests for additional information to the Receiver at the contact information below.

Charles (Chip) Hoebeke
Principal
616.975.4100
chip.hoebeke@rehmann.com

THIS DEAL WAS ADDED TO THE DAILY DAC OPPORTUNISTIC DEAL DATABASE ON 10/28/16. TO SEE MANY MORE DEALS INVOLVING FINANCIALLY DISTRESSED COMPANIES AND OTHER TIME SENSITIVE SITUATIONS, YOU CAN SUBSCRIBE HERE.

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