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Private company

GPB Holdings II, LP

GPB Holdings II, LP is an American management consulting services company, incorporated in Delaware.1 It is headquartered in New York, New York.1

Last updated Oct 21, 2026.

Overview

  • IndustryServices-Management Consulting Services1
  • HeadquartersNew York, New York1
  • Incorporated inDE2
  • Business address535 West 24Th Street, Floor 4, New York, Ny 100112
  • Filer category, Emerging growth company2

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GPB Holdings II, LP (“Holdings II”, the “Partnership”, “we”, “us”, “our” or the “Registrant”) is a holding company which was organized as a Delaware limited partnership on April 17, 2015 and commenced operations on June 1, 2015. As further described below, the Partnership has sold substantially all of its assets and is now in receivership.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

46.3%Gross margin4
-16.5%Operating margin5
-10.9%Net margin5
24.6%Revenue growth, 20224
-$11.5MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue54¢$102.7M
  • Selling, general and admin10¢$19.3M
  • Other costs36¢$68.3M
  • Income tax0¢$865.0K

Out of $191.1M in revenue.45 The company lost money this year.

Financial statements

Revenue4$191.1M in 2022+60% since 2020
0$50.0M$100.0M$150.0M$200.0M2020: $119.2M$119.2M20202021: $153.4M$153.4M2021+29%2022: $191.1M$191.1M2022+25%
Gross profit4$88.5M in 2022+36% since 2020
0$25.0M$50.0M$75.0M$100.0M2020: $65.0M$65.0M20202021: $80.3M$80.3M2021+23%2022: $88.5M$88.5M2022+10%
Operating income45-$31.6M in 2022+71% since 2020
-$60.0M-$40.0M-$20.0M02020: -$18.5M-$18.5M20202021: -$41.4M-$41.4M2021+124%2022: -$31.6M-$31.6M2022−24%
Net income45-$20.8M in 2022
-$50.0M0$50.0M$100.0M$150.0M$200.0M2020: $17.9M$17.9M20202021: $166.3M$166.3M2021+830%2022: -$20.8M-$20.8M2022
Fiscal year2019202020212022
Revenue$119.2M4$153.4M4$191.1M4
Cost of revenue$54.2M4$73.0M4$102.7M4
Gross profit$65.0M4$80.3M4$88.5M4
Selling, general and admin$59.4M4$27.6M5$19.3M5
Operating expenses$41.4M5$31.6M5
Operating income-$18.5M4-$41.4M5-$31.6M5
Income before tax-$36.4M4-$29.4M4
Income tax$153.0K4-$288.0K4-$865.0K4
Net income$17.9M4$166.3M5-$20.8M5

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What it owns

What GPB Holdings II, LP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$10.9M10 Dec 31, 2024$33.0M10 Dec 31, 2023−67.0%

Properties, in its own words

As of December 31, 2024, the Partnership does not own or lease any properties.

Item 2 of the 10-K filed Mar 27, 2025.3

Timeline

  1. Jul 14, 20268-K Executive or director change11
  2. May 6, 20268-K Other events12
  3. Feb 6, 20268-K Other events13
  4. Nov 21, 20258-K Other events14
  5. Jul 25, 20258-K Other events15
  6. Dec 5, 20248-K Bankruptcy or receivership; Executive or director change16
  7. Jan 25, 20248-K Completed an acquisition or sale; Executive or director change17
  8. Dec 21, 20238-K Entered a material agreement18
  9. Dec 19, 20238-K Other events19
  10. Dec 13, 20238-K Bankruptcy or receivership20

Filings

33 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 10 major events, 11 other. The latest 20:

  1. Jul 14, 20268-K EDGAR
  2. May 6, 20268-K EDGAR
  3. Feb 6, 20268-K EDGAR
  4. Nov 21, 20258-K EDGAR
  5. Jul 25, 20258-K EDGAR
  6. May 20, 202510-Q EDGAR
  7. May 16, 2025NT 10-Q EDGAR
  8. Mar 27, 202510-K EDGAR
  9. Dec 5, 20248-K EDGAR
  10. Nov 6, 202410-Q EDGAR
  11. Aug 6, 202410-Q EDGAR
  12. May 9, 202410-Q EDGAR
  13. Mar 28, 202410-K EDGAR
  14. Jan 25, 20248-K EDGAR
  15. Dec 21, 20238-K EDGAR
  16. Dec 19, 20238-K EDGAR
  17. Dec 13, 20238-K EDGAR
  18. Nov 14, 202310-Q EDGAR
  19. Aug 16, 202310-Q EDGAR
  20. Aug 15, 2023NT 10-Q EDGAR

The 33 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How GPB Holdings II, LP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGPB Holdings II, LP1
  • CIK0001640265
  • Employer ID (EIN)47-38708083
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)8742 Services-Management Consulting Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address535 West 24Th Street, Floor 4, New York, NY 100111
  • Phone877-489-89891
  • Shares outstanding5,896 Class Limited Partnership shares; 3,165 Class1 Limited Partnership shares as of Dec 31, 20243
  • Public float$0 as of Dec 31, 202410
  • AuditorEISNERAMPER LLP, New York, New York PCAOB ID 274; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceApr 28, 20151
  • Filings37 in all: 8-K (10), 10-Q (9), 10-K (3), D/A (3), NT 10-Q (3), UPLOAD (3), 10-12G/A (2), CORRESP (2)1
    All 10 form types

    10-12G (1), D (1)

  • Latest filingsAnnual report (10-K) Mar 27, 2025
    Quarterly report (10-Q) May 20, 2025
    Latest 8-K (8-K) Jul 14, 2026

Risk factors and legal proceedings

The risks GPB Holdings II, LP names in Item 1A of its 10-K filed Mar 27, 2025: 17 risks under these headings, as written.3

  • RISKS RELATED TO THE PARTNERSHIP AND RECEIVERSHIP ORDER
  • We are currently under the control of a court-appointed receiver and may not be able to distribute any available assets from the Receivership Estate to our Limited Partners at the times and in the amounts expected, if at all.
  • We will continue to incur liabilities and expenses that will reduce the proceeds available, if any, for distribution to the Limited Partners.
  • Our Limited Partners may not receive distributions to fully return their invested capital.
  • We and the General Partner are involved in material litigation arising from the operations of the Partnership. Resolving litigation disputes can be costly and time consuming.
  • If any of the parties to our future sale agreements default thereunder, or if these sales do not otherwise close, any available proceeds for distributions to the Limited Partners may be delayed or reduced.
  • We may be unable to sell our remaining assets and our remaining lines of business at acceptable prices, or at all.
  • If our liquidation costs or unpaid liabilities are greater than we expect, any available proceeds for distributions to the Limited Partners may be delayed or reduced.
  • Our entity value may be adversely affected by the Receivership Order.
  • We will continue to incur the expenses of complying with public company reporting requirements.
  • The tax treatment of any available proceeds for distributions may vary from one Limited Partner to another. You should consult your own tax advisor instead of relying on the discussions of tax treatment in any of these statements for tax advice.
  • If we have not accurately assessed the current realizable values and settlement amounts of our assets and liabilities, respectively, we will not be able to realize amounts equal to their statement of net asset carrying values. This may materially affect future distributions to the Limited Partners, if any.
The other 6 risks
  • Market volatility due to adverse economic and geopolitical conditions or dislocations in the credit markets, could have a material adverse effect on our ability to complete our liquidation and winding down and pay distributions, if any, to the Limited Partners.
  • We face risks associated with security breaches through cyber-attacks, cyber intrusions or otherwise, as well as other significant disruptions of our information technology (“IT”) networks and related systems.
  • Breaches in our data security systems or in systems used by our vendor partners, including cyber-attacks or unauthorized data distribution by employees or affiliated vendors, or disruptions to access and connectivity of our information systems could impact our operations or result in the loss or misuse of proprietary information.
  • RISKS RELATED TO THE MANAGEMENT OF THE PARTNERSHIP
  • We rely on Highline, GPB and its affiliates to manage our operations, including the winding down thereof.
  • RISKS RELATED TO THE UNITS
  • Our corporate transfer book is currently closed and any attempted third-party transfer, sale, pledge or assignment of our Class A and Class A-1 Units will not be recognized, and accordingly, our Class A and Class A-1 Units are illiquid, have no public market, and our Limited Partners’ primary source of liquidity is the implementation of the Receivership Order. As we continue to facilitate a distribution plan under the Receivership Order, any amendments to this policy will be posted by the Receiver.
  • Investments in our Units may have adverse tax consequences.

Legal proceedings

For discussion of our legal proceedings, refer to “Note 9. Commitments and Contingencies” within our Notes to the Consolidated Financial Statements.

The opening of Item 3, Legal Proceedings.3

Sources

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    SEC EDGAROther events
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