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Comcar Industries declares bankruptcy

Christian Fernsby ▼ | May 19, 2020
Comcar Industries announced it is filing for Chapter 11 bankruptcy protection and plans to sell its five operating companies as part of the legal process.
Comcar Industries
Bankruptcy   Comcar Industries
One of the divisions that Auburndale, Fla.-based Comcar is selling is being sought by White Willow Holdings, which played a prominent role in the bankruptcy earlier this year of Celadon Group. Celadon is an Indianapolis-based trucking company now in the process of liquidating.

Four of the five companies are trucking firms; one is a truck repair and parts distribution company.

In a statement on its website, Comcar said it had reached separate agreements to sell its flatbed company, CT Transportation, to PS Logistics of Birmingham, Ala. That company is a full-service logistics operation with more than 2,000 flatbed assets, vans, step decks/RGNs (removable gooseneck trailers), a brokerage and transportation management division, dedicated fleet operations, and a brokerage division.