Directors & Boards News (Excerpt) by Jim Kristie Corporate Restructuring: Gordian Group Partners Peter Kaufman and Henry Owsley have just published “Equity Holders Under Siege: Strategies and Tactics for Distressed Businesses“, Beard Books, 2014. The book offers practical advice and … Read moreRead More
SNTech Seeks Strategic Sale Through Chapter 11 PHOENIX, Dec. 18, 2014 /PRNewswire/ — SNTech Inc., a leading developer of high-efficiency, “smart” electric motors for both commercial and residential applications, announced that it filed a voluntary petition for relief under Chapter 11 … Read moreRead More
Xtreme Power, a world-class leader in integrated power management systems and energy storage solutions, announced today that it filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Western District of Texas. The Chapter 11 filing will enable the company to continue its operations at all locations as it begins a process to identify an acquirer. The company’s core engineering, project development and operations staff will remain in place during this process.
Xtreme Power retained Gordian Group LLC to assist in the sale of the company. The move comes as interest in Xtreme Power continues to grow. Gotcher said that he predicts a speedy timeline for finding a new owner.
Gordian Group LLC is one of the nation’s leading independent investment banks specializing in complex and/or distressed financial advisory and mergers and acquisitions work. Gordian will work with Xtreme Power to help manage the sale process. Interested parties are encouraged to expeditiously submit bids through the Gordian Group ahead of the late February deadline.Read More