Erickson Communities’ New Ownership Poised for Growth

May 19th, 2010

Erickson Communities' new ownership is poised for growth as they take over this month. Redwood Capital Investments bought Erickson at auction in late December, and the closing happened this month. Erickson filed for bankruptcy late last year, which wiped out most of their debt, making them financially sound for the upcoming planned projects. The projects [...]

Erickson Communities Bought by Hanover Based Redwood Capital Investments LLC

December 26th, 2009

On Wednesday, December 23rd, 2009 after an 18 hour auction, Erickson Communities chose Maryland based Redwood Capital Investments LLC to pull itself out of bankruptcy, of which it filed for Chapter 11 protection in October. Redwood successfully outbid a New York company, Kohlberg, Kravis Roberts & Co. to get Erickson's assets, including the non-profit groups [...]

Go to Top