AGC Files Chapter 7, Dissolves

The AGC’s board and executive committee made the decision in early January to shut down the 140-year-old PIA affiliate, after attempts to negotiate some relief with creditors were rebuffed. Growing, aged payables also factored into the association’s decision to file.

“There were a lot of long nights spent discussing how to work things out,” noted Joseph Bracato, chairman of the board for the AGC. “We spent most of last summer on it. In the end, we thought this was the best thing for membership.”