ENTREC CORPORATION through ENT Oilfield Group Ltd., Capstan Hauling Ltd., and ENTREC Cranes & Heavy Haul Inc., provides heavy haul transportation and crane solutions to the oil and natural gas, construction, petrochemical, mining, and power generation industries in Alberta and select regions of the United States including Texas, North Dakota and Colorado. ENTREC along with its subsidiaries obtained protection under the Companies’ Creditors Arrangement Act, RSC 1985, c C-36, as amended (the “CCAA”) from the Alberta Court of Queen’s Bench on May 15, 2020. The CCAA proceedings have been recognized by the United States Bankruptcy Court for the Southern
District of Texas under Chapter 15, Title 11, of the United States Code. Alvarez & Marsal Canada Inc. has been appointed Monitor. In connection with the CCAA proceedings, a sale and investment solicitation process (the “SISP”) was authorized on May 25, 2020.
Sequeira Partners has been appointed Sales Agent for ENTREC Cranes & Heavy Haul Inc. and can be contacted at www.sequeirapartners.com/ENTREC or 780-784-0116.
For the Canadian operations (ENT Oilfield Group Ltd., and/or Capstan Hauling Ltd.), contact Ernst & Young Orenda Corporate Finance Inc. at
www.ey.com/ca/entrec or 780-441-2456.