Aurora Named Plan Administrator in Tessemae’s Ch 11 Bankruptcy Following Plan Confirmation
August 26, 2024Aurora Appointed Federal Receiver to Besse Forest Products
September 10, 2024Aurora Named Liquidating Trustee to Taronis Fuels Ch 11 Bankruptcy Following Plan Confirmation
Charlotte, NC – On August 19th, 2024, the Delaware District of the United States Bankruptcy Court confirmed Taronis Fuels, Inc, et al, Plan of Liquidation with Aurora Management Partners appointed to serve as Liquidating Trustee. The Debtor’s filed for Chapter 11 bankruptcy protection on November 11, 2022, with Tim Turek, Senior Managing Director at Aurora Management Partners, appointed Chief Restructuring Officer (CRO) to the Debtors (case #22-11121).
Taronis Fuels, a publicly traded Delaware corporation (TRNF), manufactured and distributed industrial, medical, specialty and beverage gases and associated welding and safety supplies. At their height, they operated fifteen retail locations and three gas fill plants across four states, which were later sold through a 363 sale in the Bankruptcy.
The Aurora team managing the Taronis business alongside Tim Turek includes David Baker, Managing Partner along with Phil Slaght, Director, Travis Grody, Assistant Director, and Andrew Pryts, Consultant.