Proceedings.

ENTREC Corporation

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Closed
Proceeding
CCAACompanies' Creditors Arrangement Act, RSC 1985, c C-36
Court
Court of King's Bench of Alberta
File
2001-06423
Industry
Energy · Oilfield services
Filings held48
Last activity11 Apr 2024
On the record2,362 days
Secured debtSubscribers
OverviewSummary updated

ENTREC Corporation and seven affiliates — Capstan Hauling Ltd., ENTREC Alberta Ltd., ENT Capital Corp., ENTREC Cranes & Heavy Haul Inc., ENTREC Holdings Inc., ENT Oilfield Group Ltd. and ENTREC Services Ltd. — have been under the Companies' Creditors Arrangement Act in the Court of King's Bench of Alberta since May 14, 2020, under court file 2001-06423, with Alvarez & Marsal Canada Inc. as Monitor. The proceedings remain active. The applicants' senior secured asset-based facility, agented by Wells Fargo Capital Finance Corporation Canada for a syndicate under a credit agreement dated October 10, 2017 and secured over substantially all of ENTREC's property, stood at CAD$72.4 million and USD$12.8 million as at May 11, 2020, excluding fees, with the applicants in default of financial covenants. A Canadian Western Bank operating facility ranking pari passu stood at approximately $4.9 million as at May 1, 2020.

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Case updates47 dated entries · 1 undated
#Sale

The court granted an approval and vesting order for the sale to Prolift Rigging Company LLC. Closing terms, as extracted: Vesting is effective upon delivery by the Monitor of a Monitor's certificate to the Purchaser (or its nominee) substantially in the form of Schedule 'A'.

Source: Prolift Transaction Approval and Vesting Order

Undated filings1 — no date appears on the document · show
—
Filing

First Affidavit of John Stevens with exhibits A-E (Stamped) — Application filed

PDF · Subscribers

Parties

Debtor

Entrec Corporation

Monitor

Alvarez & Marsal

Sales officer

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice HornerCourt of King's Bench of Alberta4 orders, Aug 2020 – Nov 202078 cases on record
Justice RomaineCourt of King's Bench of Alberta3 orders, May 2020 – Jan 202191 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorAlvarez & MarsalNorton Rose Fulbright Canada LLP · Norton Rose Fulbright US LLP13 Aug 2020Service list · 13 Aug 2020
DebtorENTREC CorporationHunton Andrews Kurth LLP · Miller Thomson LLP · Ogilvie LLP13 Aug 2020Service list · 13 Aug 2020
CreditorArctic Arrow Holdings LtdJenkins Marzban Logan LLP13 Aug 2020Service list · 13 Aug 2020
CreditorCanadian Counsel to Wells Fargo Capital Finance Corporation Canada, as agent for the Syndicate PPR Registrations #17030127247 / #1706128418Bennett Jones LLP13 Aug 2020Service list · 13 Aug 2020
CreditorChipman Development CorporationGreer, Herz & Adams LLP13 Aug 2020Service list · 13 Aug 2020
CreditorClark IncJensen Shawa Solomon Duguid Hawkes LLP13 Aug 2020Service list · 13 Aug 2020
CreditorCWB PPR Registration #19071922605McLennan Ross LLP13 Aug 2020Service list · 13 Aug 2020
CreditorSteve Sharp TransportationNicol Law Office13 Aug 2020Service list · 13 Aug 2020
CreditorTBK Bank, SSBJackson Walker LLP · Miles Davison LLP13 Aug 2020Service list · 13 Aug 2020
Capital structureAs asserted in the filings
#Priority classCreditorAmountSource
4SecuredCanadian Western Bank (Operating Facility) · in 83 casesOperating facility to maximum principal of $5.0 million to finance day-to-day operations; ranks pari passu with the ABL Facility; security validity opinion by NRF covers the Operating Facility in Canada and US. — Stated as approximately $4.9 million outstanding. Facility limit is $5.0 million (limit, not balance). CWB is also a participating lender in the Syndicate. The cash flow forecast carries the operating line at $5,000K. — debtor: ENTREC Corporation and subsidiaries (Applicants) · as of 1 May 2020$4.9MMonitor's Pre-filing Report (Stamped)
5PMSI / lessors

1 more claim in 1 class The stack holds Secured and PMSI / lessors claims.

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Sale processAs stated in the filings

8 transactions · 5 closed · 1 proposed · 1 approved · 1 not completed — Substantially all of the Applicants' assets have been sold; the Prolift Transaction closed November 6, 2020 and the Wolverine Transaction was terminated.Monitor’s Seventh Report · 18 Nov 2020

Parties solicited

11

Monitor’s Sixth Report

Letters of intent

3

Monitor’s Sixth Report

Bid deadline (round closed)

24 July 2020

ENTREC Canada Teaser

PurchaserPriceStatusSource
purchaser of the B.C. Crane not named in the reporta redundant crane situated in northwest British Columbia (the 'B.C. Crane') · asset saleSubscribersClosed17 Jul 2020Monitor’s Second Report
purchasers at on-line auction conducted by Century Services Corp., unnamedredundant office equipment and furnishings, and select surplus equipment (Acheson, Alberta) · auctionSubscribersClosedMonitor’s Second Report
to be sold at Ritchie Bros. Auctioneers scheduled sale on October 29, 2020; end purchasers not yet knowna vacant industrial lot located in Chipman, Alberta · auctionSubscribersProposedMonitor’s Second Report
LaPrairie Crane Ltd.all the assets (excluding receivables) located at the ENTREC branch in Fort McMurray, Alberta · asset salenot statedClosed17 Sep 2020Monitor’s Sixth Report
LaPrairie Crane Ltd.miscellaneous equipment in Grande Prairie, Alberta excluded from the RBA Liquidation, plus the trade name of Capstan and its website · asset sale · agreement 17 Sep 2020SubscribersClosedMonitor’s Sixth Report
Prolift Rigging Company LLCAssumed Contracts (as defined in the Sale Agreement), listed on Schedule 'A', assigned to the Purchaser pursuant to section 11.3 of the CCAA, as part of the Prolift Transaction · asset sale · nominee/assignee: its nominee (unnamed; "together with any successor name prior to closing of the Transaction") · agreement 20 Oct 2020SubscribersClosed6 Nov 2020Monitor’s Seventh Report
TBK Bank, SSBCredit bidone crane unit located in the United States · asset saleCredit bidApprovedMonitor’s Seventh Report
Wolverine Energy and Infrastructure Inc.all the U.S. assets excluding leased assets and receivables (the Wolverine Transaction) · asset saleSubscribersNot completeddate not statedMonitor’s Sixth Report
AdvisorsErnst & Young Orenda Corporate Finance Inc. (financial advisor); Sequeira Partners (financial advisor); Century Services Corp. (auctioneer); Ritchie Bros. Auctioneers (auctioneer)Monitor’s Seventh Report
Closing termsAssignment of the Assigned Contracts takes effect upon delivery by the Monitor to the Applicants and the Purchaser of the Monitor's Certificate (as defined in the Prolift Transaction AVO)Assignment Order Re Prolift Transaction
RecoveriesAs stated in the filings

Unsecured creditors: no distribution. the Syndicate short.EstimatedMonitor’s Seventh Report · 18 Nov 2020

ClassCreditorClaimsRecoveryBasisSource
Securedthe Syndicate—shortfallper the monitorMonitor’s Seventh Report · 18 Nov 2020
Unsecured——no distributionEstimatedper the monitorMonitor’s Seventh Report · 18 Nov 2020

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Documents
48 filings
DateDocumentFile
Monitor’s Termination CertificatePDF · Subscribers
Monitor’s Thirteenth Report
  • Closing confirmed Did not complete · date not stated · Wolverine Energy and Infrastructure Inc.
  • Purchaser Wolverine Energy and Infrastructure Inc. · all the Applicants' assets in the U.S. excluding leased assets and receivables · asset sale · terminated; Prolift Rigging Company, LLC · substantially all of the U.S. assets · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Stay Extension Order
  • Counsel Norton Rose Fulbright Canada LLP
  • Presiding officer Justice Grant S. Dunlop
PDF · Subscribers
Monitor’s Twelfth Report
  • Closing confirmed Did not complete · date not stated · Wolverine Energy and Infrastructure Inc.
  • Purchaser Wolverine Energy and Infrastructure Inc. · all the Applicants' assets in the U.S. excluding leased assets and receivables · asset sale · terminated; Prolift Rigging Company, LLC · substantially all of the U.S. assets · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Monitor’s Eleventh ReportPDF · Subscribers
Monitor’s Tenth ReportPDF · Subscribers
Monitor’s Ninth ReportPDF · Subscribers
Monitor’s Eighth ReportPDF · Subscribers
Order Re Correcting Name of ENT Capital Corp.
  • Presiding officer Justice B. E. Romaine
PDF · Subscribers
CCAA Termination Order
  • Presiding officer Justice B. E. Romaine
PDF · Subscribers
Monitor’s Seventh Report
  • Closing confirmed Closed · 6 Nov 2020 · Prolift; Did not complete · date not stated · Wolverine Energy and Infrastructure Inc.
  • Purchaser LaPrairie Crane Ltd. · all the assets (excluding receivables) located at the ENTREC branch in Fort McMurray, Alberta · asset sale · approved; Wolverine Energy and Infrastructure Inc. · all the U.S. assets excluding leased assets and receivables · asset sale · terminated; TBK Bank, SSB (credit bid) · one crane unit located in the United States · asset sale · approved; Prolift · Prolift Transaction (assets; scope not described in the text present) · asset sale · closed
  • Recovery outcome Entries: per estimated; per unstated · Stated on: 2020-11-18 · Table missing:
  • Sale advisor Ritchie Bros. Auctioneers (Canada) Ltd. (auctioneer)
  • + 2 more extracted facts
PDF · Subscribers
Second Supplemental Affidavit of John StevensPDF · Subscribers
Ancillary Order
  • Presiding officer Justice K.M. Horner
PDF · Subscribers
Assignment Order Re Prolift Transaction
  • Closing terms Assignment of the Assigned Contracts takes effect upon delivery by the Monitor to the Applicants and the Purchaser of the Monitor's Certificate (as defined in the Prolift Transaction AVO)
  • Order date 2 November 2020
  • Presiding officer Justice K.M. Horner
  • Purchaser Prolift Rigging Company LLC · Assumed Contracts (as defined in the Sale Agreement), listed on Schedule 'A', assigned to the Purchaser pursuant to section 11.3 of the CCAA, as part of the Prolift Transaction · asset sale · approved
  • + 1 more extracted fact
PDF · Subscribers
Prolift Transaction Approval and Vesting Order
  • Closing terms Vesting is effective upon delivery by the Monitor of a Monitor's certificate to the Purchaser (or its nominee) substantially in the form of Schedule 'A'.
  • Order date 2 November 2020
  • Presiding officer Justice K.M. Horner
  • Purchaser Prolift Rigging Company LLC · nominee/assignee its nominee (unnamed; "together with any successor name prior to closing of the Transaction") · the Applicants' right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · approved
  • + 3 more extracted facts
PDF · Subscribers
Monitor’s Sixth Report
  • Closing confirmed Closed · 17 Sep 2020 · LaPrairie Crane Ltd.; Did not complete · date not stated · Wolverine Energy and Infrastructure Inc.
  • Process results 11 solicited · 3 LOIs
  • Purchaser Prolift Rigging Company, LLC · substantially all of the U.S. assets (excluding receivables, most leased assets, and 56 light-duty trucks) · asset sale · proposed; Wolverine Energy and Infrastructure Inc. · all the U.S. assets excluding leased assets and receivables (the Wolverine Transaction) · asset sale · terminated; LaPrairie Crane Ltd. · all the assets (excluding receivables) located at the ENTREC branch in Fort McMurray, Alberta · asset sale · approved; TBK Bank, SSB (credit bid) · one crane unit located in the United States · asset sale · approved; LaPrairie Crane Ltd. · miscellaneous equipment in Grande Prairie, Alberta excluded from the RBA Liquidation, plus the trade name of Capstan and its website · asset sale · closed
  • Sale advisor Sequeira Partners (financial advisor); Ritchie Bros. Auctioneers (Canada) Ltd. (auctioneer)
  • + 2 more extracted facts
PDF · Subscribers
Seventh Affidavit of John StevensPDF · Subscribers
First Affidavit of Sabina MancillaPDF · Subscribers
Monitor’s Fifth ReportPDF · Subscribers
Stay Extension Order to November 30, 2020
  • Presiding officer Justice R. A. Neufeld
PDF · Subscribers
First Supplemental Affidavit of John StevensPDF · Subscribers
Sixth Affidavit of John StevensPDF · Subscribers
Fifth Affidavit of John StevensPDF · Subscribers
Monitor’s Fourth ReportPDF · Subscribers
Distribution, Assignment, and Sealing Order
  • Presiding officer Justice Karen M. Horner
PDF · Subscribers
Service List
  • Counsel Miller Thomson LLP
PDF · Subscribers
Monitor's Third ReportPDF · Subscribers
Fourth Affidavit of John StevensPDF · Subscribers
Stay Extension, US Insurance and Distribution Order
  • Presiding officer Justice C. Adele Kent
PDF · Subscribers
Supplemental Affidavit to Third Affidavit of John StevensPDF · Subscribers
Monitor’s Second Report
  • Closing confirmed Closed · 17 Jul 2020
  • Purchaser purchaser of the B.C. Crane not named in the report · a redundant crane situated in northwest British Columbia (the 'B.C. Crane') · asset sale · closed; purchasers at on-line auction conducted by Century Services Corp., unnamed · redundant office equipment and furnishings, and select surplus equipment (Acheson, Alberta) · auction · closed; to be sold at Ritchie Bros. Auctioneers scheduled sale on October 29, 2020; end purchasers not yet known · a vacant industrial lot located in Chipman, Alberta · auction · proposed
  • Sale advisor Ernst & Young Orenda Corporate Finance Inc. (financial advisor); Sequeira Partners (financial advisor); Century Services Corp. (auctioneer); Ritchie Bros. Auctioneers (Canada) Ltd. (auctioneer)
  • Sale outcome Successful bid selected — Final Bids for the Canadian Assets were received July 24, 2020 and are being evaluated; the U.S. Final Bid Deadline was extended to August 7, 2020; the Applicants have reserved August 14, 2020 for an approval application should there be any accepted offers.
  • + 1 more extracted fact
PDF · Subscribers
Third Affidavit of John StevensPDF · Subscribers
Exhibits F-G to First Affidavit of John StevensPDF · Subscribers
ENTREC Canada Teaser
  • Bid deadline 24 July 2020
  • Commencement date 15 May 2020
  • Sale advisor Ernst & Young Orenda Corporate Finance Inc. (sale agent)
PDF · Subscribers
Non Disclosure Agreement / Confidentiality Agreement - CANADA
  • Appointee Alvarez & Marsal Inc.
  • Appointee role monitor
  • Commencement date 15 May 2020
  • Statutory basis Companies' Creditors Arrangement Act
PDF · Subscribers
Non Disclosure Agreement / Confidentiality Agreement - USPDF · Subscribers
SALES AND INVESTMENT SOLICITATION PROCESS
  • Applicant ENTREC Corporation and its subsidiaries Capstan Hauling Ltd., Entrec Alberta Ltd., Ent Capital Corp., Entrec Cranes & Heavy Haul Inc., Ent Oilfield Group Ltd., Entrec Holdings Inc. and Entrec Services Ltd.
  • Appointee Alvarez & Marsal Canada Inc.
  • Appointee role monitor
  • Bid deadline 24 July 2020
  • + 4 more extracted facts
PDF · Subscribers
Amended and Restated CCAA Initial OrderPDF · Subscribers
Amended and Restated CCAA Initial Order with Blackline Against Initial Order (May 25, 2020)PDF · Subscribers
Monitor’s First Report
  • Sale advisor Ernst & Young Orenda Corporate Finance Inc. (financial advisor); Sequeira Partners (financial advisor)
  • Sale outcome Sale process approved — The SISP, to be run by the Sales Agents under Monitor supervision, is proposed and subject to Court approval; no bids yet.
  • Stalking horse Subscribers
PDF · Subscribers
Second Affidavit of John StevensPDF · Subscribers
Exhibits H-J to First Affidavit of John StevensPDF · Subscribers
First Sealing Order (May 15, 2020)
  • Presiding officer Justice B.E. Romaine
PDF · Subscribers
Exhibits K-N to First Affidavit of John StevensPDF · Subscribers
Initial Order
  • Applicant ENTREC CORPORATION, CAPSTAN HAULING LTD., ENTREC ALBERTA LTD., ENT CAPITAL CORP., ENTREC CRANES & HEAVY HAUL INC., ENTREC HOLDINGS INC., ENT OILFIELD GROUP LTD. and ENTREC SERVICES LTD.
  • Appointee Alvarez & Marsal Canada Inc.
  • Appointee role Monitor
  • Court file no 2001-06423
  • + 1 more extracted fact
PDF · Subscribers
Monitor's Pre-filing Report (Stamped)
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Exhibits O-X to First Affidavit of John StevensPDF · Subscribers
First Affidavit of John Stevens with exhibits A-E (Stamped)PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “ENTREC Corporation” (CCAA), Court of King's Bench of Alberta. Retrieved 2 November 2026, https://proceedings.ca/case/entrec-corporation-ccaa

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Sources last checked · summary updated 2 October 2026 · Report a correction · Printed from proceedings.ca/case/entrec-corporation-ccaa

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.