GVM Inc. has exited Chapter 11 Bankruptcy in a transaction with Liquid Finance. With the reorganization, GVM has cleaned their balance sheet, allowing them to continue manufacturing agriculture and snow equipment in their facilities in Ohio, Pennsylvania, Missouri, and Indiana. Liquid Finance structured a transaction that helps GVM grow distribution across North America.
The transaction was finalized May 28, which allowed GVM to exit bankruptcy protection and fulfill orders for farmers and agricultural co-ops across the U.S.
“This saves American manufacturing jobs and continues GVM’s agriculture innovation which in turn helps American crop yields,” said William Melvin, CEO of Liquid Finance. “It’s pretty cool to accomplish this in the post COVID-19 world. GVM manufacturers the best fertilizer spreaders in the world, and this transaction allows them to continue their growth across North America. We believe their success could help increase food yields globally in the next 10 years, plus their snow products help state departments of transportation reduce costs.”
GVM operates locations in Pennsylvania, Ohio, Indiana, Missouri, Georgia, Washington, and California, distributing product throughout the U.S., Canada, and Australia. Their equipment provides farmers and agricultural retailers the highest ROI in the market. GVM products include the Prowler, Mako, Double Duty Twin Chain Spreader, GVM Air and T-Series Booms, and Hydra Spreaders.
