After declaring bankruptcy in June to restructure and find a new owner, Kansas City-based CST Industries Inc. mostly has accomplished its goals.
According to a Wednesday release, the assets of CST Industries, the world's largest dome and storage tank manufacturer, were acquired by a Los Angeles-based private equity firm called Solace Capital Partners LP. Despite the sale, the bankruptcy proceedings continue for some of the lenders.
Solace Capital agreed to pay $65.4 million in cash and assume up…
After declaring bankruptcy in June to restructure and find a new owner, Kansas City-based CST Industries Inc. mostly has accomplished its goals.
According to a Wednesday release, the assets of CST Industries, the world's largest dome and storage tank manufacturer, were acquired by a Los Angeles-based private equity firm called Solace Capital Partners LP. Despite the sale, the bankruptcy proceedings continue for some of the lenders.
Solace Capital agreed to pay $65.4 million in cash and assume up…