Hollister Construction Services LLC, the prominent building firm based in Parsippany, New Jersey has filed for Chapter 11 bankruptcy protection, it announced today. Hollister Construction Services served as contractor a number of projects in Newark, NJ including:
- City National Bank’s new corporate headquarters located in the historic Hahne & Company building
- PSE&G’s 22,000 square foot office space renovation
- Glassroots renovation for their relocation to the first floor of the old St. Michael’s Hospital
- Newark Museum‘s redesign, renovation and reopening of the main entrance that had been closed for 20 years
- Construction of the 65,000 square foot Newark Collegiate Academy
- 73,000 square foot, 4-story facility for the Marion P. Thomas Charter High School of Culinary and Performing Arts
- Four of the Teacher’s Village buildings
A letter posted on their website reads:
Dear Valued Partner:
Hollister Construction Services, LLC today announced that the company voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court in the District of New Jersey. This difficult decision was made after careful consideration, but one that the company’s leadership is confident will allow Hollister to continue its operations through reorganization.
Hollister will remain open for business throughout the reorganization process and will continue to conduct business. Hollister’s primary lender and bonding company are working closely with us as part of the process.
Our current leadership team will maintain management control of the company during this reorganization; however, the bankruptcy court will hold final review and oversight over all significant business decisions outside the ordinary course of business.
Hollister values its relationship with partners like you and will seek to maintain normal relations through the process. Please know that we will do all that is in our power to prevent delay and inconvenience during this process.
We appreciate your past partnership and thank you for your continued support moving forward. Thank you again for being a valued client of ours.
All information can be found at our claims agent’s website, www.primeclerk.com.
Warm regards,
Hollister Construction Service
The case was filed in the District of New Jersey; no hearings have yet been set.
