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Reid Investments Ltd. et al.

Introduction

On November 2, 2017, the Court of Queen’s Bench of Alberta granted an order appointing Alvarez & Marsal Canada Inc. as receiver and manager (the “Receiver”) without security, of all of the current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situated of Reid-Built Homes Ltd., 1679775 Alberta Ltd., Reid Worldwide Corporation, Builder's Direct Supply Ltd., Reid Built Homes Calgary Ltd., Reid Investments Ltd. and Reid Capital Corp. (collectively, the “Companies”), including all proceeds thereof.

Update – March 21, 2018
On March 21, 2018, the Court of Queen’s Bench of Alberta granted an order (the “Receivership Extension Order”) appointing Alvarez & Marsal Canada Inc., as the receiver of the current and future assets, properties, and undertaking of 1852512 Alberta Ltd. on the same terms and with the same powers as the Receiver was appointed pursuant to the Receivership Order, but subject to the terms of the Receivership Extension Order. A copy of the Receivership Extension Order can be obtained from the Court Orders section of the website at the following link.

Update – January 22, 2018
On January 22, 2018, the Receiver commenced a sales process seeking offers to purchase the Receiver’s interest in certain of the Companies’ assets. A copy of the Invitation for Offers and Non-disclosure Agreement can be obtained from the Sales Process section of the website at the following link.

Update – November 14, 2017
A letter to home purchasers and building trade creditors has been posted to the Notice to Creditors section of the website.

Contact Us

Alvarez & Marsal Canada Inc.
Bow Valley Square 4
Suite 1110, 250 6th Ave SW
Calgary, AB  T2P 3H7

For matters relating to the Sales Process, please contact the following:

Vicki Chan
Electronic mail: vchan@alvarezandmarsal.com
Telephone: (604) 639-0847
Fax: (604) 638-7441

For all other matters, please contact the following:

Marianna Lee
Electronic mail: marianna.lee@alvarezandmarsal.com
Telephone: (604) 639-0845
Fax: (604) 638-7441