Alberta · CCAA
Monitor’s Sixth Report
Court officer report · 26 October 2020
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- closing confirmedscope: miscellaneous equipment in Grande Prairie, Alberta, and the Capstan trade name and website (Grande Prairie Transaction) · outcome: completed · effective: 2020-09-17 · purchaser: LaPrairie Crane Ltd. · date basis: stated; scope: all the U.S. assets excluding leased assets and receivables (Wolverine Transaction) · outcome: not_completed · purchaser: Wolverine Energy and Infrastructure Inc. · date basis: unstated
- process resultslois: 3 · note: Remarketing: seven Potential Strategic Buyers plus four liquidation firms contacted; three submitted non-binding Expressions of Interest and all four liquidation firms provided desktop-appraisal proposals · solicited: 11
- purchaserProlift Rigging Company, LLC; Wolverine Energy and Infrastructure Inc.; LaPrairie Crane Ltd.; TBK Bank, SSB; LaPrairie Crane Ltd.
- sale advisorSequeira Partners; Ritchie Bros. Auctioneers (Canada) Ltd.
- sale outcometext: After the Wolverine Transaction was terminated, the U.S. assets were remarketed and the Prolift Transaction was selected; approval and vesting order sought, with U.S. Court recognition hearing scheduled November 2, 2020. · scope: whole_business · status: pending_approval