June 2002
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Integrated Roofing and Waterproofing files Chapter 11

Consolidated roofing company Integrated Roofing and Waterproofing Inc., Houston, filed for Chapter 11 bankruptcy protection on March 8. The filing includes Atlas Roofing Co. Inc., Atlanta; Beta Construction Co. Inc., Capital Heights, Md.; Boone Brothers Roofing Inc., Omaha, Neb.; Delta Roofing Inc., North Billerica, Mass.; Hampton Supply Inc., Capital Heights; M.J. Dalsin Co. Inc., Fargo, N.D.; and M.J. Dalsin Co. of South Dakota Inc., Sioux Falls.

Integrated Roofing and Waterproofing was established in 1999 and employs more than 1,200 workers. The company offers a full range of roofing and waterproofing system installations and services. The company's primary assets include equipment; accounts receivable; cash; inventory; goodwill; and intangibles, including a significant market share, customer and vendor relationships, and experienced personnel.

The company is seeking a buyer and issued an invitation letter to interested parties. The deadline for bid submissions was April 16. A hearing occurred April 22 to approve the sale of the business. At press time, the hearing's...



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