Two new companies win Crushpad assets for $654,866
Two new companies win Crushpad assets for $654,866
Aug 8, 2012 6
(PressDemocrat) - The assets of custom-crush Sonoma winery Crushpad have been sold, but hundreds of clients still are seeking details about the fate of more than 900 barrels of wine stored at a Sebastiani warehouse.
The assets were sold for $654,866 to Structural Solutions Inc. and Aspect 2 LLC, new companies created by Tiburon-based CastleGate Partners.
The winning, and sole, bid was placed by Aaron Hayos, principal of CastleGate. The sale figure is equal to the amount of Crushpad's debt that CastleGate Partners had acquired when it assumed the company's debt to Silicon Valley Bank.
Comments