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Specializing in insolvency and complex commercial matters since 1974

Sale Of Roofing Supply Company Concluded - February 29, 2008

On the same day as the Sun Coast Hospital closing, Stichter Riedel also handled the closing of the sale of substantially all the assets of Suncoast Roofers Supply, Inc., to SRS Acquisition Corporation, a subsidiary of AEA Investors, for $12.6 million. The Chapter 11 process culminated in a successful auction and approval of the sale by the Bankruptcy Court in Tampa. Suncoast had been one of the largest distributors of roofing supplies to Florida residential and commercial markets. The Debtor was able to close the sale on the same day as the entry of the order approving it because the Court, at the request of the Debtor, authorized an immediate sale and waived the ten-day stay imposed by Bankruptcy Rule 6004(h). Russell M. Blain has led the firm’s representation of Suncoast Roofers.