Ladacor AMS Ltd., Nomads Pipeline Consulting Ltd., and 2367147 Ontario Inc.
On May 18, 2018, the Court of Queen’s Bench of Alberta (the “Court”) granted an Order (the “Receivership Order”) pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 (“BIA”) and sections 13(2) of the Judicature Act, R.S.A. 2000, cJ-2, and 65(7) of the Personal Property Security Act, R.S.A. 2000, c P-7, whereby Alvarez & Marsal Canada Inc. (“A&M”) was appointed receiver (the “Receiver”) of all of Ladacor AMS Ltd. (“Ladacor AMS”), Nomads Pipeline Consulting Ltd. (“Nomads”), and 2367147 Ontario Inc.’s (“236”) current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate, including proceeds thereof (the “Property”). Ladacor AMS, Nomads and 236 are collectively referred to as the “Debtor”.
Ladacor AMS (an Alberta Company) is a leading developer, manufacturer and supplier of advanced modular buildings and structures from shipping containers throughout North America.
Nomads (and Alberta Company) has two divisions, Nomads and Ladacor. Nomads' principal business activity is investment. Ladacor's principal business is manufacturing modular structures and buildings from shipping containers.
236 (an Ontario Company) operates the Days Inn Sioux Lookout Hotel (the “Hotel”) in Sioux Lookout, Ontario. The Hotel opened on December 8, 2014 and is a 60-room, limited-service type Major facilities of the hotel, supporting the guest rooms, include a lounge, 2,200 sq. ft. of meeting space, and a fitness facility, approximately 95 surface parking spaces on the hotel site.