March 29, 2018. Fintube was acquired by Rosa & Unis. Fintube (www.fintubellc.com), headquartered in Tulsa, Oklahoma, is a world leader in heat transfer technology and is a producer of advanced products that increase the operational efficiencies of boilers, heat exchangers and related products. The Company has a well-known brand name, six decades of experience, and is regarded as the technological leader in all three product divisions.
In this Chapter 11 case, ClearRidge represented Fintube, the Debtor in Possession. The result was a successful sale of Fintube as an operating business to the former President of the Company, Jack Rosa, along with his partner, Joe Unis.
Fintube filed for Chapter 11 Bankruptcy on June 27, 2017. ClearRidge was engaged to analyze the company, propose a reorganization plan and market the assets of the Company for sale, to maximize value for the creditors of the Company.
The Company has four divisions:
i) TEKTube (TEK)
ii) Kentube Finned Products (KFP)
iii) Kentube Engineered Products (KEP);
iv) Aletas y Birlos (AYB)
Case No.: 17-11274 – M in the United States Bankruptcy Court for the Northern District of Oklahoma.