New Chapter 11 Bankruptcy Filing - Phoenix Services Topco LLC

Apollo Portfolio Company Files for Bankruptcy to Modify Contracts

Phoenix Services

On September 27th Phoenix Services Topco LLC (“Phoenix”) and eight affiliates (collectively, the “debtors”) filed voluntary chapter 11 cases in the District of Delaware (Judge Walrath). Phoenix, founded in 2007, is owned by an affiliate of Apollo Global Management ($APO), which acquired it in late 2017 from Olympus Partners. The debtors …