July 24, 2017 10:00 AM ET

Energy Equipment and Services

Company Overview of Hamilton Investment Group, Inc.

Company Overview

Hamilton Investment Group, Inc. operates as an oilfield services company primarily in Oklahoma. The company focuses on frac water management services and pit liner sales to oil and gas exploration and production companies. It manages the logistics and transportation associated with the water used during hydraulic fracturing and completions of horizontally drilled oil and gas wells. The company was founded in 1993 and is based in Guthrie, Oklahoma. As of August 12, 2014, Hamilton Investment Group, Inc. operates as a subsidiary of HII Technologies, Inc.

Po Box 1137

Guthrie, OK 73044

United States

Founded in 1993

Key Executives for Hamilton Investment Group, Inc.

Hamilton Investment Group, Inc. does not have any Key Executives recorded.

Hamilton Investment Group, Inc. Key Developments

Amended Order Approving Third Amended Reorganization Plan and Disclosure Statement for HII Technologies, Inc.

The US Bankruptcy Court gave an amended order approving the third amended plan of reorganization and related disclosure statement of HII Technologies, Inc. on April 25, 2016. The debtor has filed its third amended plan and disclosure statement in the Court on April 5, 2016. As per the amended plan, US Trustee fees of $0.01 million, priority tax claims of $0.05 million, and priority non-tax claims of $0.07 million will be paid in full in cash. DIP Lender shall receive on account of their of $9.76 million, repayment of the Postpetition Obligations and the Initial Litigation Trust Administrative Cash (as defined in the Plan) from the Debtors’ cash and/or the first monies from the Litigation Trust in accordance with the Warterfall, Distributable Cash, HIIT Preferred Convertible Stock to the DIP Agent for the benefit of the DIP Lenders that will eventually constitute 95% of the equity of the reorganized debtors, 55% of the beneficial interests in the Litigation Trust and the Litigation Trust Assets, in accordance with the Waterfall, and 100% of the insurance proceeds of their collateral. Secured claims of Magna of $0.04 million, Other Secured Claims of $0.01 million and Subordinated Secured Seller Note Claims will be paid in full to the extent of the value of the Collateral securing such Claim. Mulliniks/Cox Priority Claims in the amount of $0.15 million in full satisfaction of the Mulliniks/Cox Priority Claims, Billy Cox and Brent Mulliniks shall receive priority beneficial interests in the Litigation Trust; provided, however, that no distribution shall be made on account of such priority beneficial interests until all of the Chapter 11 Estates’ claims against Brent Mulliniks and Billy Cox, Jr. have been fully resolved, through judgment, settlement or, or otherwise. Convenience Class Claim of $0.025 million shall receive, in full satisfaction of such Claim, Cash in an amount equal to 50% of the unpaid amount of such Claim. General Unsecured Claim of $10.07 million shall receive, in full satisfaction of such Claim: it’s Pro Rata Share of 5% of the New HIIT Common Stock; and it’s Pro Rata Share of the Unsecured Creditor Beneficial Trust Interest, in accordance with the Waterfall. Subordinated Claims will not receive any property or distribution on account of their Claims; nor will they retain any claim against the Debtors, their Estates, the Reorganized Debtors, or the Litigation Trust. Equity interests will be cancelled and will not receive any distribution. The plan will be funded by cash in hand and sale of assets.

Third Amended Reorganization Plan and Disclosure Statement Approved for HII Technologies, Inc.

The US Bankruptcy Court approved the third amended plan of reorganization and related disclosure statement of HII Technologies, Inc. on April 15, 2016. The debtor has filed its third amended plan and disclosure statement in the Court on April 5, 2016. As per the amended plan, US Trustee fees of $0.01 million, priority tax claims of $0.05 million, and priority non-tax claims of $0.07 million will be paid in full in cash. DIP Lender shall receive on account of their of $9.76 million, repayment of the Postpetition Obligations and the Initial Litigation Trust Administrative Cash (as defined in the Plan) from the Debtors’ cash and/or the first monies from the Litigation Trust in accordance with the Warterfall, Distributable Cash, HIIT Preferred Convertible Stock to the DIP Agent for the benefit of the DIP Lenders that will eventually constitute 95% of the equity of the reorganized debtors, 55% of the beneficial interests in the Litigation Trust and the Litigation Trust Assets, in accordance with the Waterfall, and 100% of the insurance proceeds of their collateral. Secured claims of Magna of $0.04 million, Other Secured Claims of $0.01 million and Subordinated Secured Seller Note Claims will be paid in full to the extent of the value of the Collateral securing such Claim. Mulliniks/Cox Priority Claims in the amount of $0.15 million in full satisfaction of the Mulliniks/Cox Priority Claims, Billy Cox and Brent Mulliniks shall receive priority beneficial interests in the Litigation Trust; provided, however, that no distribution shall be made on account of such priority beneficial interests until all of the Chapter 11 Estates’ claims against Brent Mulliniks and Billy Cox, Jr. have been fully resolved, through judgment, settlement or, or otherwise. Convenience Class Claim of $0.025 million shall receive, in full satisfaction of such Claim, Cash in an amount equal to 50% of the unpaid amount of such Claim. General Unsecured Claim of $10.07 million shall receive, in full satisfaction of such Claim: it’s Pro Rata Share of 5% of the New HIIT Common Stock; and it’s Pro Rata Share of the Unsecured Creditor Beneficial Trust Interest, in accordance with the Waterfall. Subordinated Claims will not receive any property or distribution on account of their Claims; nor will they retain any claim against the Debtors, their Estates, the Reorganized Debtors, or the Litigation Trust. Equity interests will be cancelled and will not receive any distribution. The plan will be funded by cash in hand and sale of assets.

Third Amended Reorganization Plan Filed by HII Technologies, Inc.

HII Technologies, Inc. filed third amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on April 5, 2016. As per the amendments filed, there are no changes in the treatment of claims.

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Recent Private Companies Transactions

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