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				IdleAire in the hands of new owners
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						Jul 16, 2008 12:00 AM
					
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				<p>KNOXVILLE, Tenn. -- A deal was recently struck for the purchase of <a href="http://idleaire.com/">IdleAire Technologies</a>, which filed for Chapter 11 back in May.</p>
<p>The truckstop electrification company had agreed to sell its assets for $10 million, unless a better bid was made during an auction.</p>
<p>In the end, a group of noteholders felt the Knoxville, Tenn.-based company was worth $17.5 million, which ends up being about $26 million with the assumption of liabilites.</p>
<p>The new ownership is expected to continue running electrification systems, which are located at 130 truckstops in the U.S. For how long is anybody&rsquo;s guess, considering the company has been in operation since 2000 and has had a hard time making profits from the start.<br />
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