Minneapolis Contractor Buys Back Company From Encompass
On Nov. 22, 2002, Yale management officials submitted a letter of intent to the U.S. Bankruptcy Court for the Southern District of Texas to buy back or divest itself from Encompass.
In a press release, Yale president John H. Deblon said, “We are pleased and proud to announce that Yale Mechanical Inc. is now operating again as a local and privately-owned company. After five years of weathering two publicly-owned parent corporations, Yale management purchased Yale from its parent company Encompass. On December 31, 2002 Yale Mechanical Inc. was officially restored to a private entity.
“You will notice the orange Yale trademark reappearing on our trucks and stationery to reflect our original company name. We are appreciative of your business and loyalty and will continue to provide the same great service that you expect and deserve.”
Publication date: 01/27/2003