Filing Alert: Everde Growers Chapter 11
Everde Growers Files Chapter 11 in Southern District of Texas
TreeSap Farms, LLC (dba Everde Growers) and its debtor affiliates⁽¹⁾, a Houston, TX-based nursery and horticulture plant supplier, filed for Chapter 11 protection on Feb. 24 in the U.S. Bankruptcy Court for the Southern District of Texas.
The company reports $100 million to $500 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-90017.
⁽¹⁾ TSH Opco, LLC, TSV Opco, LLC, TSV Reco, LLC, and TreeSap Florida, LLC.
Top Unsecured Claims
Key Parties
Co-Restructuring Counsel:
- John J. Sparacino
- McKool Smith, P.C.
- Email: jsparacino@mckoolsmith.com
Co-Restructuring, Corporate, and Financing Counsel:
- Hunton Andrews Kurth LLP
Signatories:
- Bret Jacobs – Chief Restructuring Officer
Financial Advisor:
- The Keystone Group
Investment Banker:
- Armory Securities, LLC
Claims Agent:
- Donlin, Recano & Company, LLC
Equity Security Holders:
- Jonathan A. Saperstein – 52.4% Equity Interest
- SNS ‘94 Trust – 27.9% Equity Interest
- TreeTown/ARM Fund, LLC – 17.3% Equity Interest & 100% of Preferred Units
- JAS ‘94 Trust – 2.4% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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