Venture capital firm buys former Celadon leasing group at center of SEC probe

[Mike]

Assets from the former truck leasing and fleet management company operated by Celadon Group have been sold to a new venture capital group that plans to restructure the business for “post-pandemic success.’

H19 Capital LLC, a joint venture between Chicago-based asset management firm Hilco Global, and New York City-based Colbeck Capital Management issued a news release Tuesday announcing the acquisition of 19th Capital Group.

While the news release describes the transaction as a “multimillion dollar deal” that closed May 1, specific terms of the sale were not disclosed.

Venture capital firm buys former Celadon leasing group at center of SEC probe

Assets of the leasing company at the heart of the fraud scheme that led to Celadon declaring bankruptcy were purchased in a multimillion dollar deal.

landline.media

 

[Rigjockey]

Assets from the former truck leasing and fleet management company operated by Celadon Group have been sold to a new venture capital group that plans to restructure the business for “post-pandemic success.’

H19 Capital LLC, a joint venture between Chicago-based asset management firm Hilco Global, and New York City-based Colbeck Capital Management issued a news release Tuesday announcing the acquisition of 19th Capital Group.

While the news release describes the transaction as a “multimillion dollar deal” that closed May 1, specific terms of the sale were not disclosed.

Venture capital firm buys former Celadon leasing group at center of SEC probe

Assets of the leasing company at the heart of the fraud scheme that led to Celadon declaring bankruptcy were purchased in a multimillion dollar deal.

landline.media

Well, I am not a business man, not even a truck owner. I would say this "buyout" is pretty ballsy in this economic climate.

 

[Sinister]

Well, I am not a business man, not even a truck owner. I would say this "buyout" is pretty ballsy in this economic climate.

That's why they're called entrepreneurs and not cheapskate. They can probably afford to lose bazillion anyway.

 

[Uncle Birchy]

Well, I am not a business man, not even a truck owner. I would say this "buyout" is pretty ballsy in this economic climate.

No worries..

If things get "Dicey" a Venture Capitol Group has Direct Lines to Jay Powell , Steve Munichin, and BlackRock..

Probably before it get that bad they'll flip it quick at a "Massive" Profit...

the ole Pump n Dump..

Noetheless