When the collateral can’t wait

Orchards need water, harvests have windows, and value burns off every month a workout drags. GBB Advisors runs Chapter 11 §363 sale processes, lender-directed dispositions, and live auctions for food and agriculture assets — to a court calendar, with the operation still running.

$570M+
Distressed and court-supervised food, agriculture and agribusiness transactions
116 days
Chapter 11 petition to approved sale order — Hronis, Inc.
100%
Of the Trinitas almond portfolio sold — 7,856 acres, 17 ranches
$460M+
Of secured debt addressed in court-supervised sale processes

Called In Before Value Burns Off

We are engaged by the parties who carry the risk when a food or ag operation goes sideways.

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Secured Lenders

Ag banks, Farm Credit institutions, and specialty lenders seeking a defensible path to recovery on farm and processing collateral

Bankruptcy Counsel

Debtor and committee counsel who need an M&A advisor who can be retained under §327 and testify to the process

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Debtors in Possession

Operators who must keep farming through a case while a sale process runs on the court’s calendar

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Trustees & Receivers

Fiduciaries responsible for marketing, auctioning, and liquidating agricultural and food processing assets

How a §363 Sale Runs

A Section 363 sale is a sale free and clear of liens, approved by the bankruptcy court. Timing is everything in agriculture — here is the arc of a process we run, calibrated to the growing season.

Day 0–14
Engagement
Retention under 11 U.S.C. §327, collateral underwriting, and a defensible view of value.
Day 15–35
Bid Procedures
Procedures drafted and approved, stalking-horse structure and qualified-bidder criteria set.
Day 20–90
Marketing
Confidential memorandum, national buyer outreach, data room, and diligence management.
Day ~100
Auction
Live auction on our own platform, with a time-stamped bid log built for the record.
Day ~116
Sale Order
Declarations, testimony, and a marketing record built to survive challenge.
$110M+
Hronis, Inc.
E.D. Cal. 2026 · M&A Advisor for the Sale

Ten-entity table grape and citrus operation in Delano — roughly 3,700 owned acres across 26 ranches plus 164,000 square feet of cold storage, against approximately $142.6M of secured debt.

  • Petition March 6 to sale order June 30 — 116 days
  • Harvest and cultural operations uninterrupted throughout
  • DIP facility repaid to the senior lender
  • Committee credit-bid litigation resolved with a general unsecured creditor carve-out
$156M+
Trinitas Farming (TAAP IV)
N.D. Cal. 2024 · Sale Marketing Lead

Private-equity-backed almond platform across the Delta, Dixon and Southland regions — 8,680 acres offered, 38% carrying riparian water rights, against approximately $161M of secured debt under a credit-bid framework.

  • 100% of the almond portfolio sold — 7,856 acres, 17 ranches, five counties
  • National institutional buyer pool
  • Represented debtor and creditor
  • Includes cultural-cost reimbursement, the olive ranch, and Phillips Ranch

The GBB Auction Console

Most advisors rent auction software or run the sale off a spreadsheet. We built ours — so the bidding rules are enforced in code, and the record that comes out the other end is ready for the docket.

Live — Auction in Progress Illustrative display
Lot 12 of 26 · Current Lot
Ranch 12 — 214.6 acres, Nonpareil / Monterey
$14,250,000
$66,402 per acre · Paddle 7 · Minimum increment $250,000 · Next valid bid $14,500,000
Qualified paddles11
Opening floor$11,800,000
Bids this lot14
Lots sold11 of 26
Committed to date$78,940,000

Live scoreboard sync

Operator console and big-screen viewer update together in real time, so the room, the lender, and counsel are all watching the same number.

Role-gated access

Separate admin, operator and viewer passcodes per auction, with viewer data redacted server-side rather than merely hidden.

By-acre and by-total bidding

Ag-native lot cards carrying APNs, acreage, varieties and cultural-cost handling — bid either way, converted live.

Rules enforced in code

Opening floors and minimum increments are enforced by the platform, not by an auctioneer’s judgment in the moment.

Qualified paddle controls

Per-bidder maximum-offer caps with live committed and remaining tracking across the whole portfolio.

Court-ready bid log

Every bid time-stamped and exportable to CSV in one click — a complete record that drops straight into the sale motion.

Display above uses illustrative figures, not actual bids.

Early Conversations Cost Nothing

The earlier we see a situation, the more of the value we can preserve. Initial conversations with lenders, counsel and owners are confidential and without obligation.