May 28, 2017 9:06 PM ET

Construction and Engineering

Company Overview of M Space Holdings, LLC

Company Overview

M Space Holdings, LLC operates as a modular general contractor in the United States. It offers a range of prefabricated building types, such as permanent modular buildings, portable buildings, manufactured homes, and new and pre-leased. The company’s projects range from small temporary buildings to large multi-story custom complexes. It offers operating, municipal leasing, selling, and financing options; and purchase and lease-back options. It serves education, healthcare, retail and hospitality, government and GSA, laboratory/research, public assembly, lodging and housing, general business and office, and corrections and public safety industries, as well as cooperative purchasing organizati...

629 Parkway Drive

Suite A

Park City, UT 84098

United States

Founded in 2001

Phone:

732-223-4407

Fax:

212-332-4570

Key Executives for M Space Holdings, LLC

Chief Executive Officer and President
Founder
Age: 72
Chief Operating Officer
Chief Administrative Officer
Associate General Counsel
Compensation as of Fiscal Year 2016.

M Space Holdings, LLC Key Developments

Motion for Asset Sale Approved for M Space Holdings, LLC

The US Bankruptcy Court gave an order approving the sale of substantially all the assets of M Space Holdings, LLC on February 17, 2017. The debtor has been authorized to sell substantially all its assets to Vesta Housing Solutions, LLC, the stalking horse bidder for a purchase price of $14 million in cash. At the conclusion of the Auction, the debtor determined that Vesta’s bid for the acquired assets.

Bidding Procedure Approved for M Space Holdings, LLC

The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale substantially all the assets of M Space Holdings, LLC on January 13, 2017. The Court approved the asset purchase agreement between the debtor and VESTA Housing Solutions, LLC, the stalking horse bidder, for the sale of substantially all its assets for a purchase price of $14 million in cash. Under the terms of the agreement, the buyer shall make a deposit of $1.4 million. To qualify as a qualified bidder, interested parties should submit their bids by February 1, 2017 accompanied by an earnest money deposit equal to no less than 10% of the bid amount. The initial minimum overbid should be at least $0.20 million more than the initial purchase price. The debtor has scheduled an auction on February 8, 2017. The stalking horse bidder would be entitled to a break-up fee of $0.69 million in case of termination of the asset purchase agreement. The sale hearing is scheduled for February 9, 2017.

Motion for Asset Sale Approved for M Space Holdings, LLC

The US Bankruptcy Court gave an order approving the amended motion sale of certain assets of M Space Holdings, LLC on January 3, 2017. The debtor has been authorized to sell its Certain De Minimis Assets for a purchase price of $1.25 million. The motion to amend the gross sales cap from $1 million to $1.25 million was filed by the debtor on December 9, 2016.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 9, 2016
M Space Holdings, LLC, Substantially All Assets
Merger/Acquisition
June 16, 2016
M Space Holdings, LLC, Modular units and other assets
 

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