| Author | Message | ||
     Hughlysses |
This was posted to EBR's Facebook page shortly after noon EDT today:
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| Jkgonzo |
Was wondering what was up. I know the 'time frame' was up......too bad. | ||
| Hughlysses |
Not necessarily "too bad". The point of this sale is to keep the company intact if possible. | ||
| Court |
As much as I hate to say it ...... Had the receiver found any spark if interest in operating it as a going concern they would not have resorted to the auction option. I'd love to be proven wrong. | ||
| Hughlysses |
^ Well, crap. When Court's not optimistic, that's a bad sign. | ||
| Rsh |
The telling sign maybe in the Facebook post. "To be clear, this sale is not a selling off of individual pieces, but as it states in the court documents, it is selling off in large blocks as an ongoing concern sale" Selling off in large blocks doesn't sound like keeping the company intact. Considering comments made by EBR that they could be up and running in a day. | ||
| Classax |
The consulting business is a block.(2) The built inventory in various countries are blocks. The non manufacturing related tooling and fixtures are a block The manufacturing tooling is one. Spares inventory is one, and so on. Unfortunately its a bad time to be on the market. Either way I plan to ride my DeadHorse until the bearings fall out! | ||
| Sprintst |
Counties float bonds for more just to build a couple schools, our just did $50m Wouldn't really want to see a govco run EBR, but still........ | ||
| Gearheadgrrrl |
SOP in bankruptcies is to take offers for the business whole, in big pieces, and in little pieces. Then they add up the offers for the pieces and see if they're higher that the offers for the bigger pieces and whole. | ||
| Hughlysses |
Posted by EBR to their Facebook page last night:
It sounds like Court could get his wish. | ||
| Zac4mac |
" Artie Johnson voice " Verrrrrry interesting | ||
| Court |
Developments are afoot. I've had 2 interesting calls this morning. My enthusiasm is rekindled. | ||
| Hughlysses |
^  | ||
| Reepicheep |
 | ||
| Roaldnelson |
Any news that rekindles Court's enthusiasm is a big bit of awesome in my world  | ||
| Meoff_69 |
Anyone see the cryptic message on facebook today? | ||
| Hughlysses |
^ I'm not sure- what did/does it say? | ||
| Meoff_69 |
https://www.facebook.com/ErikBuellRacing?ref=br_rs "A good quick ride article on the EBR 1190SX. Looking forward to being able to build and support them again! https://ultimatemotorcycling.com/…/2015-ebr-1190sx-review-…/" | ||
| Hughlysses |
Oh yea, I saw that one. Somebody at EBR sounds pretty positive about the upcoming sale, eh? Let's hope he's right. | ||
| Meoff_69 |
And another one today | ||
| Hughlysses |
Cross-post from the EBR sale thread on the Quickboard; this comes from an EBR dealer. He says this is the first correspondence they've had from EBR since the closure:
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| Hughlysses |
Interview with Erik himself about the sale: http://www.powersportsbusiness.com/top-stories/201 5/07/16/turnkey-motorcycle-manufacturing-company-f or-sale/ | ||
| Readyxb |
Thanks for the link. IDS posted this same article and seems to remain optimistic as well. Awesome to get so many nuggets of factual information straight from the source. Not that the wild speculations and accusations on forums haven't been entertaining at times... (Message edited by readyxb on July 18, 2015) | ||
| Roaldnelson |
Postponed???? Argh! | ||
| Hughlysses |
The auction is today with approval by the judge tomorrow. Fingers crossed. | ||
| Reepicheep |
Do we know what time? | ||
| Hughlysses |
I think it's at 10 AM, but I can't find anything that documents that. The court hearing to confirm the results is scheduled for 10 AM tomorrow. My first thought was we'd have to wait until tomorrow before we hear anything, but they've gone ahead and publicized the Hero deal and it's contingent on being approved tomorrow, so maybe we will hear something today. | ||
| Reepicheep |
Nothing on the EBR facebook page yet.  | ||
| Roaldnelson |
I heard the auction was supposed to start at 9am Eastern? Gawd only knows how long it will take to end, but I figure the results will leak out within an hour of it's end (Message edited by RoaldNelson on August 05, 2015) | ||
| Hughlysses |
^ I think so. | ||
| Noone1569 |
Anyone try calling the receiver's office? | ||
| Reepicheep |
So here is what I am thinking... Whoever buys the company will want to control the announcement and messaging. So EBR and EBR insiders really shouldn't be leaking any information. They should let the new owner have the privilege of making the announcement. One exception to this might be the receiver. But even they probably owe the new buyer, who is the owner at the instant they win the auction, make the announcement. The other exception might be a "official unofficial leak". Where information is allowed to leak because the new owners have a shred of compassion somewhere and are willing to throw us enthusiasts a bone and end our torture. Pleeeeeaaassssee!!!!!!!!!! | ||
| Hughlysses |
Some guy named Demetri Melekos posted to Erik's Facebook page that EBR was purchased by the Belfer Group. The only Belfer group I can find makes high efficiency light fixtures. http://www.belfergroup.com/  | ||
| Noone1569 |
There's a Belfer Group out of Arizona that is a family owned investment group. Hmm (Message edited by noone1569 on August 05, 2015) | ||
| Pjd2ss |
Demetri appears to be the guy with rights to the Von Dutch name. https://gust.com/companies/von_dutch_motorcycles Suppose he lost out in the auction to some New Jersey lighting company? Maybe a pet project for some motorcycle enthusiast CEO? | ||
| Hughlysses |
Ryan- I found a Canal Partners investment firm in Arizona that has a managing partner named Todd Belfer, but it appears they mainly invest in internet/software type stuff. | ||
| Noone1569 |
Hugh, this is where I deduced that info from, then searched belfer AZ http://www.pncmezzanine.com/news20141230.htm | ||
| Reepicheep |
Who built the LED headlamp assembly for the EBR bikes? | ||
| Reepicheep |
Ok, this is interesting... https://www.linkedin.com/groups?gid=2368953&goback =%2Enpp_bruce*5belfer%2F4%2F694%2Fa35&trk=prof-groups-membershi p-logo | ||
| Hughlysses |
Demetri just responded to someone's question on FB, and said this is the Belfer Group from New Jersey, which is apparently the lighting company. | ||
| Reepicheep |
Bruce Belfer is: Owner, The Belfer Group, Inc. Greater New York City Area Electrical/Electronic Manufacturing And on Linked In, he is a member of: Independent Manufacturers Reps (Motorcycle Industry Only) He also lists "startups" as one of his linked in skills. So if this was the supplier to EBR for the very innovative solid state LED headlamps, and he has money to invest, and he had good experience working with EBR engineering... | ||
| Reepicheep |
But bottom line, this is great news, as it means the company was at least purchased as an intact entity. | ||
| Pmjolly |
The LED headlights are made by Cree, an industry leader in LED lighting. I have had Cree LED downlights installed in the data center I work for. The Cree LED's are very nice, and made in USA. | ||
| Hughlysses |
Bill- I'll lay odds that you nailed the connection. Demetri also posted this regarding Belfer:
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| Noone1569 |
Demetri Melekos "that doesn't matter brother ... there were only 3 of us interested & present for the auction ... good things on the horizon for EBR - that is all that matters now ..." In response to who was at the auction. - new news: Bruce Belfer just posted "Actually, the Atlantic Metals Group has acquired the assets of EBR as a going concern. Demetri Melekos, please correct the post. Great to meet you." (Message edited by noone1569 on August 05, 2015) | ||
| Hughlysses |
MAJOR UPDATE. Bruce Belfer just posted:
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| Reepicheep |
https://www.facebook.com/bruce.belfer?fref=ufi The dude has Vespa's, I like him already. I don't know any insider info, but I think I see elven fingerprints *all* *over* this... | ||
| Reepicheep |
Hmmm... Can't find Atlantic Metals Group yet... | ||
| Reepicheep |
http://www.atlanticprecision.com/ is interesting... | ||
| Hughlysses |
Demetri also posted there were only three bidders. He apparently works for the US-HP Skilled Trades Initiative, Belfer Group must have been one, and Atlantic Metals was apparently the winner. Wow- I don't think any of us could have had a clue ANY of these would be bidding. | ||
| Pjd2ss |
Maybe these guys? http://www.atlanticmetals.com/ ?? | ||
| Reepicheep |
I don't want to freak the new owner out... But David Czerniawski pays a lot of taxes!!! | ||
| Reepicheep |
(Not that I know it is him or his company... just guessing at this point). | ||
| Figorvonbuellingham |
I met Dave at Indy last year. He's a stand up guy with a level head, common sense, and intelligent. Definitely looking up. | ||
| Hughlysses |
The other 2 companies at least had some affiliation with motorcycling. Are we sure this is the correct "Atlantic Metals Group"? There is absolutely no info on any motorsports website about the sale. (Message edited by Hughlysses on August 05, 2015) | ||
| Dmhines |
Curious to see who the buyer was and how much they paid ... and of course their intentions. | ||
| D_adams |
Buyer's name posted above, not sure disclosure of the purchase price is ready to be put out there but I wish I'd have won the lottery last week, it would have been more than enough to buy in. | ||
| Hughlysses |
I finally found a listing: http://www.bizapedia.com/nj/ATLANTIC-METALS-GROUP- LLC.html They're in Farmingdale, NJ which is where Belfer is located. | ||
| Classax |
^^^^This GuY^^^^ he could have found Bin Laden in 15 minutes if the government had just asked. Great job man! | ||
| Hughlysses |
^ Ha! I found out the company was listed as "LLC"; adding that to "Atlantic Metals Group" did the trick. Bill did the sleuthing on Belfer. He sounds like a promising owner. | ||
| Classax |
I christen thee Hugh-slueth-ease! | ||
| Hughlysses |
It's done! http://www.jsonline.com/business/erik-buell-racing -assets-sold-to-metals-company-for-225-million-b99 551917z1-320916221.html See 1313's posts on the Quickboard for a few more details. |
