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Galveston Bay Properties, LLC

A member of Harney Partners (Greg Milligan) was appointed as Chief Restructuring Officer of Galveston Bay Properties, LLC, an E&P company with approximately 20,000 acres under lease from the State of Texas…Read More

3443 Zen Garden, LP

Harney Partners’ Greg Milligan was appointed Chapter 11 Trustee of 3443 Zen Garden, LP which owned and was redeveloping a former Motorola semiconductor campus located six miles from downtown Austin and near Austin Bergstrom International Airport. The developer’s goal was to redevelop the 109-acre mixed use campus with offices, hotels, and retail spaces and utilize state of the art “green” technology, renewable energy resources and sustainable design. Unfortunately, legal disputes among its partners and with its senior lender led to a cessation of meaningful work, a failed receivership proceeding in state court and ultimately an involuntary Chapter 11 filing.

Oxane Materials

This oilfield services company designed and produced a nanotechnology ceramic proppant used in oil and gas “fracking,” but the operations never achieved sufficient volume and economies of scale to reach a profitable cost structure prior to the macroeconomic downturn in that industry. Chapter 11 debtor in Houston, TX that raised approximately $150MM in equity, and at the time of filing owed more than $40MM in senior and subordinated secured debt.