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Your weekly dose of actionable deal flow intelligence by DailyDAC.
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By DailyDAC™ • Issue #5 • July 21, 2021
A curation of actionable deal flow intelligence using some very proprietary sources, some public (but dispersed) data and a lot of spit & vinegar.
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- Owner of Real Property in Elk Grove Village, IL and Bryn Mawr, PA. 100% of LLC interests in the entities that own real estate in Elk Grove Village, IL and Bryn Mawr, PA will be sold pursuant to an Article 9 UCC Sale. Jonathan Cuticelli of Hilco Real Estate, LLC is the auctioneer. Bid deadline is August 27th. More information here on DailyDAC.
- TTECH Services Corporation. Call center. Facility Closing. TTECH Services Corporation has closed its facility in Douglas, Colorado. For more information contact TTECH Services Corporation @ 303-397-8100. Deal ID: 29752.
- Arnau Truck Corp. This trucking & logistics services company locate at 20200 W Dixie Hwy, Suite 801, Aventura, FL 33180, commenced an Assignment for the Benefit of Creditors on July 2nd. For more information contact Philip J. Von Kahle of Michael Moecker & Associates @ 954-252-1560. Deal ID: 29801.
- Probe Group North America LLC. Call center. Mass Layoffs. Probe Group North America LLC will reportedly eliminate 150 positions in Denton, Texas. For more info contact Probe Group North America LLC @ +61-3-9508-4666. Deal ID: 29840.
- 12203 Magnolia Ave., Riverside, CA. This is being sold pursuant to a motion seeking to approve a private sale in the Chapter 11 case of In Ben Clymer's The Body Shop Perris Inc., case no.6:20-bk-14798. The property is a 48,282 sq. ft.Class B industrial building. Chapter 11 363 Motion to approve a private sale was filed on July 14th. For more information read this listing or contact Robert M Yaspan of the Law Offices of Robert M Yaspan @ court@yaspanlaw.com @ 818-905-7711. Deal ID: 29825.
- About $1 million of Farm Equipment, Mostly Rolling Stock. This is being sold pursuant to a chapter 11 363 sale motion filed on July 14th and the hearing date is August 12th. For more information read the motion or Debtor’s counsel, David R. Langston of Mullin, Hoard & Brown @ drl@mhba.com or 806-765-7491. Deal ID: 29823.
- Intellectual property in Ruby's Diner, Inc., case no. 8:18-bk-13311-SC. Ruby’s Diner, through its chapter 7 bankruptcy, has proposed to sell all of its IP for $1 million, subject to overbid. Overbids are due July 30th. For more information see the Notice of Sale of Estate Property or contact the Chapter 7 Trustee’s attorney, D. Edward Hays of MARSHACK HAYS LLP @ ehays@marshackhays.com or 949-333-7777. Deal ID: 29820.
- Limetree Bay Services, LLC, et al., Case No.: 21-32351. First Day Declaration in Chapter 11 case suggests a likelihood of a sale. The Debtors own and operate an oil refinery (the “Refinery”) located on the island of St. Croix in the United States Virgin Islands (“USVI”). The Refinery is part of a 2,000-acre industrial complex located on the southern coast of St. Croix comprised of (a) the Refinery and (b) an oil storage facility (or terminal) and docks (the “Terminal”) owned and operated by nondebtor affiliates of the Debtors (the “Terminal Entities”). For more information read the First Day Affidavit or contact Elizabeth A Green of Baker & Hostetler LLP @ egreen@bakerlaw.com or 407-649-4000. Deal ID: 29780.
- Summit Management And Utilities, Inc. Secured Party Sale. Stabilis Split Rock JV, LLC ("Secured Party") will offer for sale at public auction the following property the equity interests owned by Vacation Charters, Ltd. in Summit Management And Utilities, Inc., a Pennsylvania corporation ("SM&U"). SM&U offers, renders, furnishes or supplies water service to the public in a portion of Kidder Township, Carbon County, PA. Sale date is July 29th. For more information contact Scott M. Esterbrook of Reed Smith LLP @ sesterbrook@reedsmith.com @ 215-851-8146. Deal ID: 29828.
- SOMETHING SWEET ACQUISITION, INC., case no. 21-10992 (CSS). First Day Declaration in Chapter 11 case suggests a likelihood of a sale. The Debtors are a large-scale baking company that produce high-quality, high volume, private label baked goods, including pies and cakes. Their products are sold through regional and national grocery store and ‘big box’ store chains. Since May 2019, Something Sweet has received approximately $6,900,000.00 in funding from Saybrook Corporate Opportunity Funds (“Saybrook”) to support its growth and execute its expansion. In February 2021, the Debtors engaged the Peakstone Group as an investment banker to market the Debtors and its assets for either potential investments or a sale. The entities were originally seeking initial capital of $4 million with a purchase option to follow in 2022. As of the Petition Date, the Debtors were unable to reach a final agreement with any party on a sale transaction notwithstanding the interest that has been show in the Debtors’ business and assets. Because the Debtors essentially ran out of cash and were unable to obtain additional financing, on June 25, 2021, the Debtors were forced to effectively cease operations. At the time, the Debtors mothballed their operations and facilities, secured their manufacturing and storage facilities, and terminated almost all of their employees. For more information read the First Day Affidavit or contact Thomas D. Bielli of Bielli & Klauder @ tbielli@bk-legal.com or 215-642-8271. Deal ID: 29774.
- Howard & Associates, P.A. This law firm located at 1415 Piedmont Drive East, Suite 5, Tallahassee, Florida 32308-7944 commenced an Assignment for the Benefit of Creditors on June 30th. Larry Hyman (the "Assignee"), whose address is Larry S. Hyman, C.P.A., 307 S. Boulevard, Suite B, Tampa, Florida 33679. The principal place of business for the Assignor is 1415 Piedmont Drive East, Suite 5, Tallahassee, Florida 32308-7944. For more information contact Assignee Larry S. Hyman@ 813-875-2701 or Office@LarryHymanCPA.com or the Assignee’s counsel, Edward J. Peterson, Esquire Stichter, Riedel, Blain & Postler, P.A. 110 E. Madison St., Suite 200 Tampa, FL 33602. Deal ID: 29802.
- Sonny Glasbrenner, Inc. This demolition services provider, located at 2201 4th Street N, Suite 201, St. Petersburg, FL 33704, commenced an Assignment for the Benefit of Creditors on July 2nd. For more information contact Larry S. Hyman@ 813-875-2701 or Office@LarryHymanCPA.com. Deal ID: 29800.
- Burn Fitness, LLC. Case No. 21-43828-MAR. Chain of fitness centers. Affidavit of Disinterest in Chapter 11 case suggests a likelihood of a sale. For more information read the Affidavit of Disinterest or contact David Eisenberg of Maddin, Hauser, Roth & Heller, P.C. @ deisenberg@maddinhauser.com or(248) 354-4030. Deal ID: 29770.
- Xevo, Inc. Automotive commerce & services platform. Mass layoffs. Xevo, Inc has eliminated several positions at facilities throughout the USA, including 97 positions in Bellevue, Washington. For more information contact Xevo, Inc. @ 888-477-9386. Deal ID: 29754.
- Calibre, Inc. Metal coating plant. Calibre, Inc. has eliminated 204 positions in Grafton, Wisconsin. For more information contact Calibre, Inc. @ 262-375-4671. Mass layoffs. Deal ID: 29755.
- Estate of Mike Henry Weber, case no. 1: 21-bk-10853. 40 acres of farmland, located at 11921 S. DeWolf Avenue, Selma, California 93662, bearing APN 385-041-23S will be sold pursuant to Section 363 in chapter 12 bankruptcy. For more information see the motion to sell farm property or Debtor’s counsel, Fear Waddell, P.C (Peter L. Fear @ pfear@fearlaw.com or Gabriel J. Waddell @ gwaddell@fearlaw.com or Peter A. Sauer @ psauer@fearlaw.com. Deal ID: 29797.
- 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. More information here on DailyDAC.
- Carolina Panther Season Tickets. Auction on July 20th at 8am - July 27th at 2pm. For more information contact Anthony Bristow of Iron Horse Auction Co. @ eric@ironhorseauction.com or 910-331-6765. Deal ID: 29799.
- Artificial Intelligence Technology Solutions, Inc. A going concern opinion was issued for this Ferndale, Michigan-based robotics & artificial intelligence provider. Deal ID: 29796.
- Transact Energy Corp. A going concern opinion was issued for this waste optimization company based in Bellingham, Washington. Deal ID: 29794.
- Lordstown Motors Corp. A going concern opinion was issued for this Lordstown, Ohio-based electric vehicle manufacturer. Deal ID: 29793.
- Helmer Directional Drilling Corp. A going concern opinion was issued for this well drilling company based in Las Vegas, Nevada. Deal ID: 29792.
- Startengine Crowdfunding, Inc. A going concern opinion was issued for this Burbank, California-based equity crowdfunding platform. Deal ID: 29791.
- J San Crossroads, Inc., located at 3972 Barranca Pkwy Ste I, Irvine, CA 92606 and d/b/a J San Ramenall. Creditors recently received a notice to creditors of bulk sale and of intention to transfer alcoholic beverage licenses. The proposed buyer is Viivaxxi, Inc. of 3972 Barranca Pkwy Ste I, Irvine, CA 92606. The anticipated sale/transfer date is August 13th. For more information contact Ace Escrow Inc. @ 714-562-9100. Deal ID: 29788.
- JJ Septic & Drain Service, Inc. This portable septic business is located 2726 South Santa Fe Avenue, San Marcos, CA 92069. Creditors recently received a notice to creditors of bulk sale. The proposed buyer is Diamond Environmental Services, LP of 807 East Mission Road, San Marcos, CA 92069. The anticipated sale date is July 30th. For more information contact Cindy Packer of Diamond Environmental Services @ 888-744-719. Deal ID: 29787.
- Reddy Ventures, Inc. d/b/a Kahler's Werkstatt. This automotive repair shop is located at 6117 Dougherty Road, Dublin, CA 94568. Creditors recently received a notice to creditors of bulk sale. The name(s) and business address of the buyer is SCL Acquisitions Ltd. Liability Company, 854 East Medow Avenue, Pinole, CA 94564. For more information contact Bay Area Escrow Services @ 925-208-4034. Deal ID: 29785.
- Razma, Inc. d/b/a The UPS Store #746. This branded shipping and office services business is located at 315 S. Coast Highway 101, Suite U, Encinitas, CA 92024. Creditors recently received a notice to creditors of bulk sale. The name and business address of the buyer is Asra, Inc., 2511 Monte Vista Drive, Hayward, CA 94545. For more information contact Debbie Kneeshaw Howe of The Heritage Escrow Co. @ 619-234-2010. Deal ID: 29784.
- 27 Lots at Stone Canyon VIII Rancho Vistoso Neighborhood 12. Secured Party Sale. The sale will be conducted pursuant to a power of sale under that certain Deed of Trust (as amended or modified, the "Deed of Trust") dated April 18, 2008, recorded on April 18, 2008, at Docket 13288, Page 4164, records of Pima County, Arizona. Auction is September 10th. The following additional information concerning the trust real property ("Trust Property"), the Deed of Trust , and the Trustee's Sale is provided pursuant to A.R.S. 33-808(C): Legal Description: Lots 521 through 548, of FINAL PLAT FOR STONE CANYON VIII RANCHO VISTOSO NEIGHBORHOOD 12, according to the plat of record in the office of the county Recorder of Pima County, Arizona, recorded in Book 65 of Maps, Page 24. Tax Parcel Numbers: 219-04-1450, 219-04-1460, 219-04-1470, 219-04-1480, 219-04-1490, 219-04-1500, 219-04-1510. 219-04-1520, 219-04-1530, 219-04-1540, 219-04-1550. 219-04-1560, 219-04-1570, 219-04-1580, 219-04-1590, 219-04-1600, 219-04-1610, 219-04-1620, 219-04-1630, 219-04-1640, 219-04-1650, 219-04-1660, 219-04-1670, 219-04-1680. 219-04-1690, 219-04-1700, 219-04-1710, 219-04-1720 Street Address or Identifiable Location: Stone Canyon VIII Rancho Vistoso Neighborhood 12. Lots 521 through 548, according to the plat of record in the office of the County Recorder of Pima County, Arizona, recorded in Book 65 of Maps, Page 24. Original Principal Balance Shown on Deed of Trust: $4,200,000.00 Original Trustor's Stated Name and Address: Stone Canyon, L.L.C. 1121 W. Warner Road, Suite 109 Tempe, Arizona 85284 Name and Address of Beneficiary: The Steele Foundation, Inc. 4131 N. 36th St, Suite 1 Phoenix, AZ 85018 -and- USAMCO, LLC PO BOX 26846 TUCSON, AZ, 85726. Current Trustee's Name Address and Telephone Number: Luis A. Ochoa, Esq. Quarles & Brady LLP 1 S. Church Avenue, Suite 1800 Tucson, Arizona 85701-1621, 520-770-8702. For more information contact Catherine Gould @ Catherine Gould@quarles.com or 520-770-8767. Deal ID: 29783.
- CP Holdings LLC, et al., case no. 21-10950-LSS. The Company’s core business is developing, and operating aged-care assisted living and memory care residences owned in whole or part by the Company and third parties. The Company’s owned and managed facilities are currently located in the States of Alabama and Texas. The Debtors wholly own 47 non-debtor subsidiaries and partially own three) non-debtor subsidiaries. Ten of the non-debtor subsidiaries operate facilities under the Company’s controlled brand “Country Place Senior Living.” In addition, the Debtors have a minority interest in one County Place Senior Living operating facility as well an additional one that is under construction. The Company also provides management services for a third-party owned facility. The Company seeks to serve America’s rural-based seniors and their families by designing and operating comfortable and homelike 24-suite residential style assisted living facilities. The Company’s memory care facilities are specifically designed for seniors living with memory challenges. CPH is a holding company and has no employees. CPH’s subsidiary, Pacrim, has six employees who provide overall strategic, operational and finance leadership, as well as accounting and development services. Pacrim does not generate its own income. First Day Declaration in Chapter 11 case suggests a likelihood of a sale. For more information read the First Day Affidavit or contact Matteo Percontino of Cole Schotz P.C. @ mpercontino@coleschotz.com or 201-489-3000. Deal ID: 29772.
- Hufcor, Inc. Partitions manufacturer. Mass layoffs. Hufcor, Inc. has eliminated 166 positions in Janesville, Wisconsin. For more information contact Hufcor, Inc.@ 608-756-1241 Deal ID: 29756.
- Clearwater Paper. Papermill. Mass layoffs. Clearwater Paper has eliminated 285 positions in Neemah, Wisconsin. For more information contact Clearwater Paper @ 509-344-5900. Deal ID: 29757.
- Computer Task Group. IT services company. Mass layoffs. Computer Task Group will eliminate 89 positions in Boulder, Colorado. For more information contact Computer Task Group @ 716-882-8000. Deal ID: 29758.
- Katerra, Inc. Off-site construction company. Facility Closing. Katerra, Inc has closed its construction facility in Seattle, Washington. For more information contact Katerra, Inc. @ 650-422-3572. Deal ID: 2975.
- Collins Aerospace. Aerospace & defense product supplier. Facility Closing. Collins Aerospace will reportedly close its facility in Everett, Washington For more information contact Collins Aerospace @ 704-423-7000 Deal ID: 29750.
- Plastics Extrusion Machinery LLC. Downstream equipment manufacturer. Facility Closing. Plastics Extrusion Machinery LLC will close its facility in Tumwater, Washington. For more information contact Plastics Extrusion Machinery LLC @ 620-241-3873
- Novartis Gene Therapies, Inc. Pharmaceutical company. Facility Closing. Novartis Gene Therapies, Inc. will close its pharmaceutical facility, located in Boulder, Colorado. For more information contact Novartis Gene Therapies, Inc. @ 862-778-2100. Deal ID: 29753.
- U.S. Well Services. Hydraulic fracturing business. Mass Layoffs. U.S. Well Services will eliminate 108 positions in Pleasanton, Texas. U.S. For more information contact Well Services @ 830-268-6269. Deal ID: 29839.
- Legend Energy Service-Longview. Oilfield & energy services business. Mass Layoffs. Legend Energy Service-Longview will eliminate 118 positions in Gregg, Texas. For more information contact Legend Energy Service-Longview @ 405-600-1264. Deal ID: 29838.
- Reliant Transportation. Bulk trucking business. Mass Layoffs. Reliant Transportation will eliminate 259 positions in Denton, Texas. For more information contact Reliant Transportation @ 888-464-7771. Deal ID: 29837.
- Turner Industries. Alloy pipe fabrication plant. Mass Layoffs. Turner Industries will eliminate 250 positions in Lamar, Texas. For more information contact Turner Industries @ 225-922-5050. Deal ID: 29836.
- Fantasy Activewear Inc. d/b/a Tee Styled. Activewear retailer & wholesaler. Facility Closing. Fantasy Activewear Inc. (dba Tee Styled) has closed its facility in Los Angeles, California. For more information contact Fantasy Activewear Inc. @ 323-983-9988. Deal ID: 29835.
- L&R Distributors. Distribution services business. Facility Closing. L&R Distributors closed its facility in Rancho Cucamonga, California. For more information contact L&R Distributors @ 718-272-2100. Deal ID: 29834.
- Avanos Medical, Inc. Healthcare business. Facility Closing. Avanos Medical, Inc. closed its healthcare facility in Concord, California. For more information contact Avanos Medical, Inc. @ 678-425-9273. Deal ID: 29832.
- Channel Control Merchants of California, LLC. Secondary market products company. Facility Closing. Channel Control Merchants of California, LLC recently closed its business facility, located in Los Angeles, California. For more information contact Channel Control Merchants of California, LLC @ 800-245-5924. Deal ID: 29831.
- Listo, Inc. Office equipment retailer. Facility Closing. Listo, Inc. has closed its facility in Whittier, California. Deal ID: 29829. For more information contact Listo, Inc. @ 310-652-2888. Deal ID: 29829.
- $80,000 Judgment. This is being sold in the chapter 11 case of Re: Rafik Youssef Kamell, case no. 8:20-bk-10269-TA. The asset is an assignment of approximately $80,000 Judgment against Nasser Yassa. Pursuant to overbid procedures, 50% of any funds collected on Judgment to be paid the estate less collection expenses. The sale will be held on August 4th. For more information read this notice or contact Robert P. Goe of Goe Forsythe & Hodges LLP @ RGoe@goeforlaw.com or 949-798-2460. Deal ID: 29818.
- TMMM Mechanical. The chapter 7 trustee of this mechanical sprinkler contractor located in Clifton, New Jersey is selling the debtor’s equipment. The auction is on August 17th. For more information contact A J Willner Auctions @ 908-789-9999. Deal ID: 29814.
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