South / Regional Reports

AMPAM Announces Emergence From Chapter 11

ROUND ROCK, Texas - American Plumbing and Mechanical Inc. (AMPAM) has announced its emergence from Chapter 11, and that its plan of reorganization has been effectuated. This announcement represents the final milestone in the restructuring process that AMPAM and various affiliates commenced on Oct. 13, 2003.

Since that time, AMPAM says it has undertaken significant efforts to restructure its operations to focus on its core business. Robert Christianson, AMPAM's chief executive officer, said, "Emerging from Chapter 11 has been an important goal for the company and is the capstone event in the successful restructuring of our business activities. We will emerge with a strong, revitalized balance sheet, the financing required to move forward, and the ability to focus our attention on the needs of our customers."

Christianson also stated, "This has been a challenging process for our employees, customers, vendors, and stakeholders. We are excited to announce our success and are very grateful to our customers, employees, and vendors for their loyalty, steadfast support, patience, and confidence. Without them, we are keenly aware that this reorganization would not have been possible."

The reorganized AMPAM will consist of five independent operating subsidiaries: RCR Companies with locations in Southern California, Sacramento, Calif., and Las Vegas; LDI Mechanical Inc. with locations in California, Nevada, Colorado, and Maryland; Christianson Air Conditioning and Plumbing with locations in Austin, Dallas, and San Antonio, Texas; Parks Mechanical Inc. based in Southern California; and Power Plumbing L.P. based in Houston.

Publication date: 10/18/2004

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