Transports Michaux

Background

This 80-employee transport company in Sedan (northern France) went bankrupt.

Equipment highlights

The assets consisted of 100 trucks and trailers as well as a maintenance workshop and logistics equipment.

Transaction

PIPM bought the fleet of all 100 trucks and trailers from the court.

Procedure

The insolvency administration was looking for a reliable and pro active project management company to take over all the movable assets at market value and to empty and clear the property in a very short time all in 1 deal. PIPM purchased all movable assets and agreed to the strict additional and timeframe conditions set by the insolvency administration.

Result

The property was handed back completely empty and broom clean within 3 months to full satisfaction of all parties involved.