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Assets of Transportation and Logistics Company

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Listing Information

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Assets of Transportation and Logistics Company



Price: $9,000,000.00


Other Item Info
Item #: debke_181223
Created: 05/19/2020
Category: Business Property > All Assets or Going Concerns > Transportation
Sale Date: None Set
Seller Info
Stuart Brown
Debtor's Attorney
1201 North Market Street Suite 2100
Wilmington, DE 19801
302-468-5640
Bankruptcy Info
Case #: 1:20-bk-11120
Case Title: Comcar Industries, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of substantially all of assets of the Comcar Industries, Inc., CTL Transportation, LLC, and certain of their subsidiaries and affiliates (the “Sellers”), including the following assets:

  • The Assumed Contracts;
  • All Acquired Business Information;
  • All goodwill associated with the Business, Assets, and Assumed Liabilities;
  • All Vehicles owned by Sellers Relating to the Business;
  • All rights of Sellers to the Vehicles which are leased pursuant to an Assumed Contract;
  • Sellers’ owned equipment, machinery, furniture, spare parts, fixtures, furnishings, office equipment, communications equipment, and other tangible personal property and improvements Relating to the Business;
  • All rights of Sellers to the Company’s Business equipment, machinery, furniture, spare parts, fixtures, furnishings, office equipment, communications equipment, and other tangible personal property and improvements, which are leased pursuant to an Assumed Contract;
  • All rights of Sellers to the warranties, express or implied, and licenses received from manufacturers and sellers of the Equipment;
  • All Claims and causes of action against any Person of every kind and description Relating to the Business, and all Claims of any Seller to the extent arising from or relating to or in connection with the Acquired Assets or the Assumed Liabilities or Relating to the Business, all of the proceeds from the foregoing which are accrued and unpaid as of the Closing, all rights of indemnity, warranty rights, guaranties received from vendors, suppliers or manufacturers, rights of contribution, rights to refunds, rights of reimbursement and other rights of recovery possessed by any Seller against other Persons and the prosecution files of Sellers related thereto, in each case, to the extent exclusively related to the Acquired Assets or the Assumed Liabilities;
  • All current assets Relating to the Business as of immediately prior to the Closing, except cash, cash equivalents and Accounts Receivable;
  • All deposits and prepaid expenses of Sellers relating to any of the Assumed Contracts;
  • All Intellectual Property Rights solely Relating to the Business; and
  • All rights of Sellers to the Transportation Software Licenses.

Additional Details

Last date to respond: 14 days prior to the sale hearing



Other Information

Terms and Conditions:

See Attached.


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