Almost immediately following its early December filing of Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Illinois - Eastern Division, multi-branch wholesaler Builders Plumbing & Heating Supply Co., based in Addison, Ill., requested the court's permission to sell substantially all of its assets. In its petition, the wholesaler said it owed its lenders about $29.4 million.
The company also operates under the names Glendale Plumbing Supply Co., Southwest Pipe & Supply and Spesco. Together with Builders, they form what is known within the industry as the Builders Group of Companies. The wholesaler services eight major markets across five states and markets more than 30,000 items from 130 manufacturers.