Orbital Infrastructure gets approval to sell Front Line, GTS assets

By Sarah Lizee

Olympia, Wash., Oct. 5 – Orbital Infrastructure Group Inc. received approval to sell its two remaining operating subsidiaries, Front Line Power Construction, LLC and Gibson Technical Services, Inc. (GTS), from the U.S. Bankruptcy Court for the Southern District of Texas, according to orders filed Thursday.

The company said it didn’t receive any other qualified competing bids by the deadline, as previously reported.

Orbital had negotiated stalking horse bids with lenders of GTS and Front line for the equity interests of the companies.

Lender Streeterville Capital, LLC offered to purchase GTS for $40 million through a credit bid.

An entity formed by prepetition term loan lenders and Alter Domus (US) LLC offered to purchase Front line for about $171 million through a credit bid.

Houston-based Orbital Infrastructure provides engineering, design, construction and maintenance services to customers in the electric power, telecommunications and renewables operating segments. The company filed bankruptcy on Aug. 23 under Chapter 11 case number 23-90763.

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