JMB Crushing Systems Inc

JMB Crushing Systems Inc. – Notice of Sale and Investment Solicitation Process (“SISP”)

On May 1, 2020, JMB Crushing Systems Inc. and 2161889 Alberta Ltd. (Collectively “JMB”) were granted a stay of proceedings (the “Initial Order”) from the Alberta Court of Queen’s Bench issued under the Companies’ Creditors Arrangement Act (the “CCAA”).  FTI Consulting Canada Inc. (“FTI”) has been appointed Monitor. In connection with the CCAA proceedings, the Court has authorized the implementation of a sale and investment solicitation process (the “SISP”). As part of the SISP, Sequeira Partners has been engaged as the Sale Advisor and is soliciting proposals from qualified interested parties.

For over 30 years, JMB has been producing and supplying aggregates for leading oil field companies, road construction, and industrial projects throughout Alberta.  The business has access to numerous gravel pits and maintains a significant inventory of aggregate for immediate distribution with one of the largest reserves of aggregates in Alberta.

All qualified interested parties will be provided with an opportunity to participate in the SISP. The SISP is intended to solicit interest in the sale of, or investment in, JMB or all or any part of JMB’s property, assets and undertakings and its business operations on an as is where is basis. The SISP Process is a two-phased process with the Phase 1 bid deadline set for June 19, 2020. Following the Phase 1 deadline, bids will be assessed with select parties being invited to participate in Phase 2. The completion of any proposal shall be subject to the approval of the Court.

Copies of court ordered documents and the SISP may be obtained from the Monitor’s website at cfcanada.fticonsulting.com/jmb/

Interested parties are invited to download and review the Teaser and Non-Disclosure Agreement posted herein.

Any party who expresses a desire to participate in the SISP must provide the identify of the potential bidder, the direct and indirect principals of the bidder, and an executed copy of the Non-Disclosure Agreement to one of the undernoted Sequeira Representatives. Participating parties will be provided with access to additional information in the form of a data room and a Confidential Information Memorandum.

JMB Crushing Systems
Teaser 

JMB Crushing Systems
SISP

JMB Crushing Systems
NDA

JMB Crushing Systems
NDA

Any questions regarding the SISP can be directed to the Monitor or one of the Sequeira Partners representatives:

Kellie Manchester, CFA
604.838.3547
kmanchester@sequeirapartners.com

Aroon Sequeira, FCA, FCBV, ICD.D
780.901.9469
asequeira@sequeirapartners.com

Scott Acheson, CA, CBV, CFA
780.952.3444
sacheson@sequeirapartners.com

Ryan Turpin, CPA, CBV
709.727.0002
rturpin@sequeirapartners.com