Goodwill of Central and Coastal Virginia’s Acquisition of Assets from Goodwill of South Central Virginia, Inc.

Hunton Andrews Kurth represented Goodwill of Central and Coastal Virginia, Inc., in connection with its purchase of assets from Goodwill of South Central Virginia, Inc. (Goodwill Danville).

The sale was approved by the bankruptcy court presiding over Goodwill Danville’s Chapter 11 bankruptcy case after nationwide advertising.

A contemporaneous purchase of most of the other assets of Goodwill Danville by Goodwill Industries of the Valleys, Inc., allowed Goodwill Danville to sell substantially all of its assets despite growing sales concerns. Those purchases preserved numerous jobs for the Goodwill Danville employees and stores for the community.

Led by partner Jason Harbour (Picture) and Benjamin C. Ackerly, the Chapter 11 filing and the asset sales allowed Goodwill to continue its mission in the areas previously served by Goodwill Danville. That mission is to strengthen communities through the power of work. Goodwill nonprofit organizations focus on workforce development through retail, contract services and job readiness training, all of which is supported by community donations at local Goodwill stores, charitable giving and grants.

Involved fees earner: Benjamin Ackerly – Hunton Andrew Kurth; Jason Harbour – Hunton Andrew Kurth;

Law Firms: Hunton Andrew Kurth;

Clients: Goodwill of Central and Coastal Virginia, Inc.;

Author: Ambrogio Visconti