IdleAire operation under new ownership

IdleAire Inc., a Knoxville TN-based entity comprised of six investment management companies, now owns essentially all of the bankrupt IdleAire Technologies Corp. assets, according to IdleAire Inc. information.

Owners of IdleAire Inc. include advisory clients of Airlie Group, Kenmont Investments Management, SV Special Situations Fund, Whitebox Advisors, Wayzata Investment Partners, and Wilfrid Aubrey LLC.

The new company is retaining both the IdleAire brand and the Advanced Travel Center Electrification (ATE) designation. The now privately held company is also expected to remain headquartered in Knoxville and to retain current IdleAire employees, although there will be changes in senior management, according to the information.

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish