Stout announced today that substantially all assets of its client, Goodrich Quality Theaters, Inc. (GQT), have been acquired by Mason Asset Management, Tivoli Enterprises, Inc., and AP Gibsonton, LLC, pursuant to Section 363 of the U.S. Bankruptcy Code.

After filing for Chapter 11 bankruptcy in the Western District of Michigan, GQT retained Stout as exclusive investment banker for the purposes of exploring strategic alternatives, including a sale of the company in whole or in parts. 

GQT, headquartered in Grand Rapids, MI, was a premier developer, owner, and operator of multiplex movie theaters, primarily in the Midwest. The company operated 30 theaters in small-, medium-, and large-sized markets across Michigan, Indiana, Illinois, Missouri, and Florida.

Stout’s Mike Krakovsky, Keith Sipes, Mark Abbott, and Brian Leichus executed the transaction.

Keller & Almassian PLC served as debtor counsel to GQT.

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