Filing Alert: Nicklaus Companies Chapter 11
Nicklaus Companies Affiliates File Chapter 11 in District of Delaware
GBI Services, LLC and its debtor affiliates⁽¹⁾, a Palm Beach Gardens, FL-based management subsidiary acting as the lead debtor for the Nicklaus Companies, a global golf course design and brand licensing group, filed for Chapter 11 protection on Nov. 21 in the U.S. Bankruptcy Court for the District of Delaware.
The company reports $10 million to $50 million in assets and $500 million to $1 billion in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 25-12089.
⁽¹⁾ For a complete list of Debtor entities, see organizational structure chart below.
Corporate Organizational Structure
Top Unsecured Claims
Key Parties
Co-Counsel:
- Zachary I. Shapiro
Richards, Layton & Finger, P.A.
Email: shapiro@rlf.com
Co-Counsel:
- David J. Cohen
Weil, Gotshal & Manges LLP
Email: davidj.cohen@weil.com
Financial Advisor:
- Alvarez & Marsal North America, LLC
Investment Banker:
- Cassel Salpeter & Co.
Signatories:
- Philip D. Cotton – Authorized Person
Claims Agent:
Equity Security Holders:
- Nicklaus Companies, LLC – 100% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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