A Texas transportation company and its subsidiaries that contracted with the federal government to move and store household items for military service members and their families have gone out of business and filed for Chapter 7 bankruptcy.
Alliance Transportation Services, Five Star Warehouses and Lone Star Relocation Services, all based in San Antonio, filed their petition in the U.S. West District Bankruptcy Court on Tuesday.
The Alliance Transportation Services The website indicates that it was a âone-stopâ transportation provider and a General Service Administration approved moving and storage company.
The largest joint base in the US Department of Defense – Lackland Air Force Base, Randolph Air Force Base, Fort Sam Houston, and Camp Bullis – is headquartered in San Antonio.
In its file, the transportation company and its affiliates list assets and liabilities between $ 1 million and $ 10 million. The company claims to have up to 199 creditors and maintains that no funds will be available for distribution to unsecured creditors.
According to Alliance Transportation Service financial data, its gross revenue from Jan. 1 until it filed for bankruptcy is $ 1.7 million. His petition says the company made $ 4 million in 2020 and nearly $ 4.9 million in 2019.
The Chapter 7 petition says it owes nearly $ 5 million to two secured creditors, including Rawhide Industries LLC of San Antonio and The Bank of San Antonio.
Tim Brierty is listed as the owner of all three companies. At the time of publication, Brierty’s attorney, Raymond Battaglia, has not responded to FreightWaves’ request for comment.
Alliance Transportation Services had seven powertrains and eight drivers, according to the Federal Motor Carrier Safety Administration website. However, it was not allowed for intra-state movements, according to the Texas Department of Motor Vehicles website.
Its subsidiary, Lone Star Relocation Services, had 16 power units and 8 pilots. The company’s household goods public transportation authority was active when it closed, according to the FMCSA.
In its petition, the company says most of the items held in its warehouse represent the household goods of the U.S. military and their families under its military contract. United States Transportation Command, a branch of the Ministry of Defense.
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