Thurston Mfg., Thurston, Neb., has filed a petition with the bankruptcy court to authorize the hiring of Equity Advisors of Barrington Hills, Ill. According to the filing, Thurston is requesting the “employment and hiring of Equity Advisors as financial advisor and marketing agent … during this Chapter 11 case.”

Equity Advisors Inc. is an investment banking and financial consulting organization that has worked with Thurston previously and “has an excellent understanding of the Debtor’s business.”

The petition goes on to state: “The Debtor has determined, in the exercise of its business judgment, that to maximize the compensation received on sale of assets, which include: Blu-Jet liquid applicators, Blu-Jet anhydrous ammonia application equipment, Blu-Jet strip-till products (which will likely be included with either anhydrous ammonia or tillage equipment), Blu-Jet tillage equipment, Chuck Wagon Mobile Grilling Systems products … it is best to employ a marketing agent and financial advisor with knowledge of the Debtor’s industry and business, and ability to negotiate the best price on a sale of assets.”

The petition adds that the Debtor believes employing Equity Advisors “will enable the Debtor to get the best price possible during a sale of assets to assist in the reorganization of the estate and maximize the payment to unsecured creditors.”

According to documents describing Equity Advisors role, “Non-exclusive items are Chuck Wagon Mobil Grilling system products, Simonsen building/equipment in Spencer, Iowa, and Thurston building/equipment in Thurston, Neb., that is not included with the sale of product lines.”