Pursuant to an order of the Court of Queen’s Bench of Alberta (the “Court”) made August 6, 2019, KPMG Inc. in its capacity as Court-appointed receiver (the “Receiver”) of Bearstone Environmental Solutions Inc. (“Bearstone” or the “Company”), is soliciting written proposals for the acquisition of the Company’s assets, either en bloc or parts thereof.
The Company provided environmental oilfield services to the oil and gas industry throughout western Canada. Primary service offerings included environmental consulting services, vacuum and water trucks as well as fluid transportation. The majority of the assets are located in Grande Prairie, Alberta. Primary assets offered for sale include the following:
– Light commercial vehicles;
– Heavy commercial vehicles; and
– Commercial trailers.
The assets are being sold on an “as is-where is” basis and the Receiver provides no representations or warranties, express or implied, with respect to title, condition or fitness for use.
Interested parties must submit an executed confidentiality agreement to the Receiver in order to participate in the process and are required to submit initial bids by no later than 4:00 p.m. (MST) on Friday September 20, 2019.
To obtain further details about Bearstone’s assets, or the process in general, please contact George Bourikas at +1 (416) 777-8887 or gbourikas@kpmg.ca or Cameron Browning at +1 (403) 691-8413 or cbrowning@kpmg.ca and/or visit the Receiver’s website (home.kpmg/ca/bearstone).
KPMG INC., in its capacity as Court-appointed Receiver of
Bearstone Environmental Solutions Inc.
3100 – 205 5th Avenue SW
Calgary, Alberta T2P 4B9