The Reno, Nev., court hearing to consider the extension of the exclusivity period for Ahern Rentals to propose a reorganization plan to exit bankruptcy has been postponed until Oct. 31, according to sources close to the company. Las Vegas-based Ahern Rentals filed for Chapter 11 bankruptcy protection Dec. 22 to restructure more than $600 million in debt.
According to news reports, Platinum Equity LLC, which also owns Maxim Crane Rental, is believed to be interested in a takeover using the portion of Ahern debt owned by Platinum.
Ahern Rentals is No. 7 on the RER 100.