Provider to Consumers to Proceed Uninterrupted All over Sale Procedure
Sale Transactions to Be Facilitated Thru Bankruptcy 11 Lawsuits
Corporate Receives Loyalty for $20 Million in Unused Financing to Help Ongoing Trade Operations
PLANTATION, Fla., March 17, 2025 /PRNewswire/ — Wind Execs Answers, LLC (“Air Pros” or the “Company”), which operates a portfolio of HVAC, electric, and plumbing companies around the U.S., these days introduced that it has entered into six detached asset acquire pledges to promote all of its companies as going issues.
To facilitate the gross sales in an orderly and environment friendly method, Wind Execs has commenced voluntary bankruptcy 11 circumstances within the U.S. Chapter Court docket for the Northern District of Georgia (the “Bankruptcy Court”). The gross sales will probably be performed pursuant to category 363 of the U.S. Chapter Code.
As Wind Execs works to finish those gross sales, the Corporate and its industry devices stay fascinated about proceeding to grant shoppers, paintings with companions, and help staff on an uninterrupted foundation. All of Wind Execs’ industry devices will proceed to perform as familiar all over the gross sales procedure.
Andrew Hede, Wind Execs’ Eminent Restructuring Officer, mentioned, “After conducting an extensive review of its strategic alternatives, the Company determined that these transactions represent the best path forward and are in the best interests of all customers, employees, and other stakeholders. As we move through the sales process, our number one priority remains the continued provision of reliable and comprehensive HVAC, electrical, and plumbing services to our valued and longstanding customer base. Each of our business units will continue to operate as usual during this process and will be sold as a going concern. We thank the entire Air Pros team for their hard work and dedication, as well as our business partners for their continued support.”
As a part of the gross sales procedure, the proposed shoppers will grant as “stalking horse” bidders in a court-supervised public sale procedure. Those proposed transactions are topic to better or differently higher bids, Chapter Court docket kindness, and alternative situations.
In reference to the court-supervised procedure, Wind Execs has tie a constancy for $20 million of untouched financing from its wave lender (the “DIP Financing”). Upon Court docket kindness, this DIP Financing and money generated from the Corporate’s ongoing operations are anticipated to lend greater than enough liquidity to help the Corporate life it really works to finish the gross sales transactions.
The Corporate has additionally filed various standard motions with the Chapter Court docket looking for authorization to help its operations all over the court-supervised procedure, together with authority to pay wages, lend fitness and alternative worker advantages, and proceed present buyer methods. The Corporate expects to obtain Court docket kindness for those requests in cut form. The Corporate additionally expects to pay distributors in complete below customary phrases for items delivered and services and products supplied upcoming the submitting while.
Supplementary data referring to Wind Execs’ court-supervised gross sales procedure is to be had at www.airprosrestructuring.com. Court docket filings and alternative data homogeneous to the lawsuits, together with directions on find out how to report an evidence of declare, are to be had on a detached web page administered via the Corporate’s claims agent, Verita, at https://www.veritaglobal.net/AirPros, via calling toll-free at (866) 927-7076 (or (310) 751-2650 for cries originating out of doors the U.S. or Canada), or via filing an e-mail at https://www.veritaglobal.net/AirPros/inquiry.
Advisors
Greenberg Traurig, LLP is serving as felony suggest, Accordion Companions LLC is serving as Eminent Restructuring Officer (Andrew Hede) and monetary marketing consultant to Wind Execs, and Jefferies LLC is serving as funding banker. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications marketing consultant.
About Wind Execs
Wind Execs USA used to be based in South Florida at the oath of integrity, reliability, and hanging our shoppers first. The corporate has briefly expanded to many metro grounds inside Alabama, Colorado, Florida, Georgia, Mississippi, Louisiana, Texas, and Washington. Wind Execs USA recently employs greater than 1,000 skilled execs in additional than a accumulation metro Provider places together with Atlanta, GA, Colorado Springs, CO, Dallas, TX, Everett, WA, Miami, FL, Cell, AL, and Orlando, FL. For more info discuss with www.airprosusa.com.
Media Touch
Michael Freitag / Richard M. Goldman
Joele Frank, Wilkinson Brimmer Katcher
[email protected]
212-355-4449
SOURCE Wind Execs Answers, LLC
