New Delaware Chapter 11 Filing – Consolidated Infrastructure Group, Inc.
Consolidated Infrastructure Group, Inc. has filed a petition for relief under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 19-10165). CIG, based in Omaha, NE, provides locating, excavation, mapping, engineering and security services on infrastructure repair and construction projects. A First Day Declaration has not yet been filed. Board Declarations attached to the Petition disclose that CIG intends to seek a sale of substantially all of its assets, and will be seeking court approval of $3 million in debtor-in-possession financing provided by CIG’s ultimate equity sponsors, Parallel49 Equity (Fund V), LP, and Parallel49 Equity (Fund V) BC, LP. Omni Management is the proposed claims and noticing agent. The case has been assigned to the Honorable Brendan Linehan Shannon.
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