Encompass Services Corp., a national contractor that made headlines in the 1990s for acquiring dozens of electrical contractors, plans to file for bankruptcy protection.
The Houston-based specialty contractor was also in the janitorial services business through a 1999 merger with another rollup, Group Maintenance America Corp.
As part of Encompass' financial restructuring plan, senior secured lenders will receive a $200 million term loan and 80 percent of the new common stock;
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