Rocky Mountain Choppers Stalking-Horse Bidder for American IronHorse Assets

Rocky Mountain Choppers announced that it has obtained approval from the United States Bankruptcy Court for the Northern District of Texas to be the stalking-horse bidder for the assets of American IronHorse. A stalking-horse bidder on a bankrupt company’s assets is chosen by the bankrupt company to make the 1st bid. This method allows the distressed company to avoid low bids on its assets. Once the stalking horse has made its bid, other potential buyers may submit competing bids for the bankrupt company’s assets. In essence, the stalking horse sets the bar so that other bidders can’t low-ball the purchase price. Rocky Mountain Choppers and another affiliate, Blackwater Choppers, are important American IronHorse dealers located in Montana and Minnesota and owned by Scott Meyers. Mr. Meyers expressed his enthusiasm for the transaction. “I am pleased to be close to buying American IronHorse. I know this brand, understand this business, and bring a strong understanding of supplier, dealer, and customer needs. Together with my team, we have a clear strategy that will help this company succeed.” This bid is subject to the submission of “higher and better bids” and bankruptcy court approval on May 23, 2008 (Mr. Meyers would have made a bid of 6.7 million. AIH co-founder and ousted CEO Bill Rucker has also submitted a bid of 6.9 million to take back control of the company he founded with Tim Edmondson)

22 Responses to “Rocky Mountain Choppers Stalking-Horse Bidder for American IronHorse Assets”

  1. 1 Dizzle May 2nd, 2008 at 8:27 am

    IF Bill Rucker obtains AIH, I’m sure Textron will be happy.
    The rest of us will be screwed if he does! Heaven forbid!!!

  2. 2 Slag May 2nd, 2008 at 8:39 am

    I only know of Bill Rucker and know that he was one of the founders of AIH. Wish you are someone that is knowledgeable could and would ellaborate on this.

  3. 3 Straightshooter May 2nd, 2008 at 9:54 am

    This is good news! Scott Meyers, before opening these dealerships selling AIH, Arlen Ness and Bourget, was the Chief Financial Officer and then President of a $3 billion dollar defense industry company. He was a highly successful CPA and Partner at one of the big national CPA firms prior to that. He has the right background to get this company restarted and back to it’s potential. I hear he LOVES motorcycles and the people that ride them and brings a business background that very few in the industry can match.

  4. 4 Dizzle May 2nd, 2008 at 10:24 am

    Best of luck Scott Meyers!
    AIH needs someone who will love the product and customers that
    buy it! Customer Service is the KEY to a successful manufacturer!
    If a vote could be cast, Scott Meyers would get mine!

  5. 5 Slag May 2nd, 2008 at 10:32 am

    Wish Scott Meyers the best of everything and yes Customer Service is the key to a successful manufacture and most of all the dealerships that sell and service the product.

  6. 6 Dizzle May 2nd, 2008 at 11:47 am

    Yes, agreed. The United States Bankruptcy Court for the Northern District of Texas should speak to the dealerships that have sold and serviced for Scott Meyers and Bill Rucker. Whoever has the best references should only be considered to take over AIH!

  7. 7 George G May 2nd, 2008 at 2:35 pm

    Its great to hear spmeone will restart this company .The owners may still get a chance to get parts for our bikes .Good Luck Scott !!!!

  8. 8 A 1 CYCLES May 2nd, 2008 at 3:06 pm

    any qualified shop can work on your bike, its a motorcycle assembled from parts..most are replaceable with off the shelf components from other manufactures. unless you have to have the horsey head on your billett. this is a post about business and bankruptcy not parts for your bike

  9. 9 George g May 2nd, 2008 at 6:26 pm

    I have a good shop that works on my bike and FYI ! i want the horse on my parts and that is my business .Not yours !!!

  10. 10 jspfc May 2nd, 2008 at 8:43 pm

    George G = Idiot.

  11. 11 Rodent May 2nd, 2008 at 8:53 pm

    We can only hope for the best…usually bankruptcy spells the end. but……

  12. 12 blue sky rider May 3rd, 2008 at 7:25 am

    There was a very good reason Bill rUCKER was ousted from AIH the First time!
    Lets not do it again!!

  13. 13 Icy May 3rd, 2008 at 8:41 am

    A lot of talk about Bill Rucker….but no one has balls enough to say what is the facts are on Bill Rucker.

  14. 14 blue sky rider May 6th, 2008 at 11:56 am

    The guy’s a monster!

  15. 15 Slag May 7th, 2008 at 11:07 am

    So are his bikes

  16. 16 Ren May 8th, 2008 at 2:19 pm

    My best friend is Scott Meyer’s daughter…

    He definitely has the ability to get this company back on its feet. He’s a nice guy and yes he does LOVE his motorcycles haha.

  17. 17 blue sky rider May 10th, 2008 at 1:19 pm

    What will Scott Meyer do for AIH owners that paid for warranties 6 months ago?

  18. 18 blue sky rider May 10th, 2008 at 1:23 pm

    Butt _lucker won’t even take care of his Rucker customers, let alone AIH!!!

  19. 19 FmrAIHemployee May 19th, 2008 at 4:38 pm

    I hope this means we will get our jobs back. Unemployment sucks!!!

  20. 20 FTW- Calif May 23rd, 2008 at 5:16 pm

    My old man met this Meyers guy two years ago when he was promoting/selling these AIM scooters in Sturgis. This guy hangs and parties with Arlen and everyone knows Arlen is pretty damn finnicky who he hangs with. If this guys was a high level suit at one time, he don’t act it and he does love and ride his scooters. If he has the smarts to turn this thing around, maybe not a bad thing for AIM to have someone on board who digs scooters and has some f…ing brains. Certainly the last batch of management didn’t have any of either. I think the bigger question you all should be asking is who is he bringing with him to turn this around? It certainly ain’t goin to be easy.

  21. 21 Current Employee May 30th, 2008 at 4:39 pm

    It is great news that Bill Rucker did not win the bid to purchase American Iron Horse. What made him think that he could run a multi-million dollar company? Ego? Rucker Performance is headed into a financial downward spiral. Employees at Rucker Performance have to run all over town to get their checks cashed, hoping that they will get their money so they can pay their bills. Meanwhile Mr. Rucker is on vacation catching some sun in Mexico. Most of his employees do not know that their medical insurance has been canceled, due to lack of payment. Wait until they start getting the doctor bills in the mail, I am sure Mr. Rucker will take care of them. I am not a lawyer but I bet that the Texas Work Force Commission would frown on this. Not to mention that it is illegal to write checks when you know that the funds are not in the bank. Why his employees do not leave I do not know.

  22. 22 pissed Apr 15th, 2009 at 9:48 pm

    This is too blue sky you are a jackass you don’t know shit !!! AIH was founded by Bill Rucker from the ground up he got it were it was a million dollar company and then some jackasses thought they could do a better job and ran it into the ground good for them a bunch of idiots and people lost their jobs when he was gone so know your facts you idiot. And maybe you should go thru what he has been thru and you would shut your mouth! You try losing a leg and spending count less hours in a hospital and countless hours in rehab. God forgive you people for your thoughtlessness and ask god for forgiveness in your hurtful words. Think before you speak and don’t kick others down.And for current employee do you know what slander means?

Comments are currently closed.


Facebook Google+ Twitter