New Filing - Valuepart Inc.

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Valuepart Inc.

  • 10/27/16 Recap: Distributor of parts for earth-moving equipment made by the likes of Caterpillar and Deere files for bankruptcy due to decreased revenues. The WSJ highlights that the company doesn't specify what caused the decline but it's pretty obvious: both CAT and DE new builds are down as farmers and others rely more heavily on rentals given depressed commodity prices.  
  • Jurisdiction: N.D. of Texas
  • Capital Structure: $27mm funded ABL (Wells Fargo)     
  • Company Professionals:
    • Legal: Gardere Wynne Sewell LLP (Marcus Helt, Thomas Scannell, Mark Moore)
    • Financial Advisor: CR3 Partners (Greg Baracato)
    • Investment Banker: FocalPoint Securities LLC (Michael Fixler)
    • Claims Agent: Upshot Services (*click on company name for docket)
    • Other Parties in Interest:
      • Official Committee of Unsecured Creditors
        • Legal: Kane Russell Coleman & Logan PC (Joseph Coleman, John Kane)
        • Financial Advisor: Lain Faulkner & Co., PC (Dennis Faulkner)

Updated 12/30/16.