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Tag: bankruptcy
Business
Briggs & Stratton files for bankruptcy; announces sale agreement
Century-old engine maker Briggs & Stratton has filed for chapter 11 bankruptcy, and a private equity firm plans to purchase the company’s assets.
July 21, 2020
Roadbuilding
Bridge designer declared FIU bridge safe just hours before its collapse, records indicate
Records released May 6 by the Florida Department of Transportation reveal that on the day of the collapse of a pedestrian bridge last year at Florida International University, the bridge designer reported that cracks observed in the bridge were not a safety concern. The comments came during a meeting at 9 a.m. March 15, 2018—about […]
May 13, 2019
Death by Trench
Buried alive in Blue Earth County: How one contractor’s missteps took one life, shattered others and ruined his business.
June 6, 2018
Roadbuilding
Georgia construction company files for bankruptcy, leaving road projects incomplete
A Georgia county is looking at a few incomplete road projects that were already paid for after an Augusta construction company filed for bankruptcy. According to the Augusta Chronicle, Mabus Brothers Construction filed for the Chapter 7 Bankruptcy on May 2 while there still a few incomplete or shoddily done projects under contract with Columbia […]
August 14, 2015
Business
AWP maker Snorkel to sell majority share to Ahern’s Xtreme Manufacturing
Telehandler manufacturer Xtreme Manufacturing and aerial work platforms maker Snorkel have reached a deal that will see majority ownership of Snorkel transferred to Xtreme. The news is particularly interesting since Xtreme is owned by Don Ahern, who also owns Las Vegas-based Ahern Rentals which filed for Chapter 11 bankruptcy in late 2011. Ahern was able […]
September 20, 2013
Roadbuilding
The Roads to a City’s Bankruptcy
Here’s an interesting look at data about what its accumulator calls “unnecessary infrastructure.” What he/she (a bio, with no name, says the blogger is a professional Urban Planner and Designer) is doing is trying to find a link between a big city’s bankruptcy (Detroit apparently triggered this entry) and the lane miles per capita within […]
August 9, 2013
Business
Schwing America exits Chapter 11
Schwing America successfully emerged from Chapter 11 bankruptcy with 100 percent of unsecured creditors voting in favor of the company’s reorganization plan. After nine months of protection, the company’s reorganization plan was approved by the Federal Bankruptcy Court. The company completed the payoff to existing lenders from funds obtained from a pool of European banks. […]
July 21, 2010
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