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
Peter Kaufman speaks with Fox Business about Detroit’s recent Chapter 9 bankruptcy filing, including the implications of a potential government bailout.Read More
Wall Street Journal: United Silver Announces Retention of Gordian Group LLC to Pursue Financing Alternatives
United Silver Corp. (“United Silver Corp”, the “Company” or “USC”) (TSX:USC)(OTCQX:USCZF)(FRANKFURT:UM8) announced today that it has retained Gordian Group, LLC, (“Gordian Group”), a New York based investment banking firm, to pursue financing alternatives for the Company. USC is actively pursuing … Read moreRead More
Gordian Group, a leading independent investment bank specializing in complex and distressed financial advisory work, today announced the results of a survey commissioned to capture public sentiments on corporate-labor relations during a time when corporations and unions alike face struggles … Read moreRead More
Peter Kaufman speaks with Fox Business about municipal bankruptcies, as well as progress by the TWU in the AMR bankruptcy
Peter Kaufman speaks with Fox Business about municipal bankruptcies and regulatory changes in municipal bond disclosure, as well as progress by the Transport Workers Union of American – AFL-CIO (TWU) in the American Airlines bankruptcy.Read More