Total Hockey cancels auction, asks court to OK $22.5 million lead bid

By Caroline Salls

Pittsburgh, July 27 – Total Hockey, Inc. will seek court approval to sell its assets to stalking horse bidder TSG Enterprises, LLC and its nominee, TSG-TH Acquisition Co., LLC, after the company received no acceptable competing bids, according to a notice filed Wednesday with the U.S. Bankruptcy Court for the Eastern District of Missouri.

As previously reported, the TSG entities agreed to pay $22.5 million for substantially all of Total Hockey’s assets.

Since no acceptable competing bids were received by the July 27 deadline, the company cancelled the auction scheduled for July 29.

The sale hearing is scheduled for Aug. 3.

Total Hockey is a Maryland Heights, Mo.-based retailer. The company filed bankruptcy on July 6 under Chapter 11 case number 16-44815.

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