PricewaterhouseCoopers Inc. Announces Sale of Northern Frontier Logistics LP - The Water Management Logistics Division of Northern Frontier Corp.
Jul 27, 2016, 17:53 ET
Invitation for offers to purchase
CALGARY, July 27, 2016 /CNW/ - Northern Frontier Logistics LP ("NF Logistics" or the "Company") provides bulk water and fluids transfer services throughout Western Canada. It specializes in providing custom hydro-testing systems for pipelines, API or AWWA tank storage and ASME vessels as well as fluid transfer and water management services to construction sites.
On July 21, 2016, NF Logistics filed a Notice of Intention to File a Proposal under the Bankruptcy and Insolvency Act ("NOI") and PricewaterhouseCoopers Inc. ("PwC") was appointed Proposal Trustee. On July 25th 2016, the Court approved the Company's application for a Sales and Investor Solicitation Process ("SISP") led by PwC.
In our capacity as Proposal Trustee, we are soliciting offers for the business or assets of the Company. The deadline for non-binding expressions of interest is August 15, 2016. A comprehensive information package on this opportunity is available to qualified parties upon execution of a confidentiality agreement.
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About PwC Canada
At PwC Canada, our purpose is to build trust in society and solve important problems. More than 6,500 partners and staff in offices across the country are committed to delivering quality in assurance, tax, consulting and deals services. PwC Canada is a member of the PwC network of firms with more than 208,000 people in 157 countries. Find out more and tell us what matters to you by visiting us at www.pwc.com/ca.
© 2016 PricewaterhouseCoopers LLP, an Ontario limited liability partnership. All rights reserved.
PwC refers to the Canadian member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.
SOURCE PwC (PricewaterhouseCoopers)
For further information: Amy Day, T: 604 806 7325, Email: [email protected]; David Gollom, T: +1 416 869 2386, Email: [email protected]
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