Air Pros Parent Company Files for Bankruptcy, Plans to Sell Business Units

Company Files for Bankruptcy

USA: AFH Air Pros Solutions, LLC, the parent company of HVAC installation, repair, and maintenance provider Air Pros, has voluntarily filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Georgia. According to Verita Global, the company has reported assets and liabilities ranging between $100 million and $500 million. It owes over $250 million on a pre-petition secured credit facility from October 31, 2022, along with an additional $45 million in general unsecured debt. Following a strategic review, the company has determined that selling its business units is the best course of action while ensuring continued service to customers. 

As part of the bankruptcy proceedings, AFH Air Pros Solutions will sell each of its business units while maintaining normal operations. The company has assured that its HVAC, electrical, and plumbing services will continue without disruption during the transition. Air Pros currently operates in several states, including Colorado, Florida, Texas, and Washington. Further updates on the bankruptcy process and potential closings are expected in the coming weeks. 

Source: Pennlive