Union Subcontractors Files for Chapter 11

Union Subcontractors Inc., an Edina, Minn.-based installer of residential and commercial products, has filed for Chapter 11 Bankruptcy protection. In a statement, the company said that it has agreed on a debt-for-100% equity swap with its lenders. Such a deal would wipe out Wind Point Partners, which bought Union Subcontractors in 2004.

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