The Dallas Business Journal reports that Fort Worth-based American IronHorse is selling its intellectual property as the business continues its liquidation through bankruptcy. The motorcycle manufacturer filed for Chapter 11 protection on April 30, citing assets of $1 million and liabilities of $10 million.
For sale are AIH’s patents, trademarks, URLs and parts designs. The sale is expected to be wrapped up by January, Margaret Birlem, partner at Streambank LLC, told the Journal. Streambank is a Massachusetts-based firm that specializes in selling intangible assets. She did not mention how much cash the property sale would raise.
“The buyer of these assets will most likely be somebody (who is) interested in re-establishing the brand or continuing to manufacture after-market parts,” she told the Journal. “They had 15,000 bikes on the market. So most customers will probably want to hear from a new buyer.”
The trademarks to the manufacturer’s Texas Chopper, Slammer, Legend, Tejas and Outlaw bike names are included in the sale.
Posted by Mary Slepicka