An Iowa-based construction company that specialized in directional boring for fiber optic cable burial.
After filing for bankruptcy protection, the court appointed a Chapter 11 Trustee, who shut down the business.
Equity Partners was retained by the Trustee to quickly sell the assets of the business at maximum value. After conducting a successful 10 week, global marketing campaign, an auction date was set to sell the assets in bulk.
After a competitive auction, the assets were sold to Overland Construction, which was able to bring back some of the employees who had been let go when Gaylord Construction shut down.