LogoInsolvency Insider Canada
TOPICS
TOPICS

Assets for sale

Commercial List Users' Committee

Court cases

Creditor notices

Events

Firm News

Insights

Interviews

Open Positions

Recent filings

FILING DATABASE
DOCUMENT LIBRARY
AWARDS
EVENTS
DIRECTORY
Search
SUBSCRIBE
paper-plane-tilt
LogoInsolvency Insider Canada
  • Home
  • Posts
  • Jack Cooper Ventures

Jack Cooper Ventures

Aug 8, 2019

Jack Cooper Ventures, a Kennesaw, Georgia-based auto hauler that recently filed for Chapter 11 bankruptcy protection, obtained an initial recognition order in Canada on August 9. Founded in 1928, the company has grown to be the largest provider of finished vehicle logistics in North America, but in recent years it has experienced significant declines in revenue as a result of overall declines in the automotive industry, as well as a loss of market share to lower cost, non-unionized competitors. In Canada, the company has approximately 181 employees. The company is putting forward a restructuring plan that will see its lenders cancel more than $300 million of debt as part of a transaction to purchase all or substantially all of the company's assets. Alvarez & Marsal was appointed information officer. Canadian counsel is Osler for the company, Stikeman Elliott for the information officer, Goodmans for the DIP ABL lender, Bennett Jones for the DIP Term Loan Agent and Cassels Brock for Cerberus.

Canada’s insolvency news, in your inbox.

Join 15,000+ readers.

Keep Reading

View more
caret-right

UPCOMING EVENTS

Distressed Private Capital Conference - November 12, 2026

Distressed Private Capital Conference - November 12, 2026

Future Leaders Conference 2026

Future Leaders Conference 2026

Distressed Real Estate Conference - October 21, 2026

Distressed Real Estate Conference - October 21, 2026

LATEST STORIES

Trademarks and Brand Names for Sale – Ruscan Chem Inc. and Associated Entities (In Receivership)

Trademarks and Brand Names for Sale – Ruscan Chem Inc. and Associated Entities (In Receivership)

Palisade Apartments located in the Lower Mission (Pandosy Village) neighbourhood in Kelowna, BC

Palisade Apartments located in the Lower Mission (Pandosy Village) neighbourhood in Kelowna, BC

CCAA stay cannot revive expired lease

CCAA stay cannot revive expired lease

NOTICE OF SALE AND INVESTMENT SOLICITATION PROCESS - LAKEPOINT VILLAGE LAND LEASE COMMUNITY, TOWNSHIP OF RAMARA, ONTARIO

NOTICE OF SALE AND INVESTMENT SOLICITATION PROCESS - LAKEPOINT VILLAGE LAND LEASE COMMUNITY, TOWNSHIP OF RAMARA, ONTARIO

Insolvency Insider Canada

Insolvency Insider Canada

Essential Canadian insolvency news, trends and legal updates

EXPLORE

About Us / Contact

Advertise