Papers filed this week in Federal Court reveal new information about the construction company involved in a deadly Sioux Falls building collapse. They also include some familiar names.
Hultgren Construction, LLC filed for Chapter 11 Bankruptcy reorganization on Wednesday.
KELOLAND Investigates has obtained a copy of the federal filing. It gives us an idea of what happened behind the scenes at the construction company.
The documents list four members. They include Norm Drake, Aaron Hultgren, Larry Canfield and Paul Cink. It also lists their interest in the company. Drake and Hultgren both have 30-percent. Canfield and Cink have 20-percent.
If the names sound familiar, Drake, Canfield and Cink are guarantors for the Village River Group, LLC which is behind a mixed-use parking ramp in downtown Sioux Falls.
A news release from Hultgren Construction’s attorney says by filing for Chapter 11 reorganization, it will help Hultgren Construction distribute insurance funds to the victims and others affected by the collapse.
Those groups are listed in the federal documents as creditors. They include family members of the victims and downtown businesses, including the Diner and Eastwold Smoke Shop. The list of creditors also includes Aaron Hultgren and Boomerang Investments, LLC.
You may remember that’s the company that took ownership of the old Copper Lounge property two days before the collapse. According to documents filed with the Secretary of State in 20-17, it was managed by Norm Drake.
The 2016 collapse killed construction worker Ethan McMahon and trapped Emily Fodness for several hours.