Parties
Company
Triple J Pipelines (2019) Inc.
Company
B. Riley Farber Inc.
Company
Accord Financial Canada Corp.
Company
Accord Small Business Finance Corp.
Company
Accord Small Business Leasing Corp.
Company
2142264 Alberta Ltd.
Company
Titan Energy Services
Company
Pembina Pipeline Corporation
Company
Northgate Industries Ltd.
Company
1711311 Alberta Ltd.
Company
Cordova Oilfield Services Ltd.
Company
Premay Pipeline Hauling L.P.
Company
1297683 Alberta Ltd. operating as Willy’s Trucking Service
Company
Cascade Energy Services L.P. by its General Partner, Cascade Services 2008 Ltd.
Company
Baker Hughes
Company
ConocoPhillips Canada Resources Corp.
Company
Enbridge
Company
Octane Safety Services Ltd.
Company
Hunky Dory Welding Ltd.
Company
Bowron Environmental Group Ltd.
Company
Max Fuel Distributors Ltd.
Company
Horse Lake First Nation
Company
HLFN Oilfield Construction Corporation
Company
Triple J Pipelines’ Directors and Officers
Triple J Pipelines (2019) Inc., a Calgary-based pipeline construction company, filed a Notice of Intention (NOI) to make a proposal on May 24, 2024, followed by NOI filings by three related entities on May 29, 2024. The company faced severe financial stress due to unprofitable projects, an increasing number of construction lien claims, and ongoing litigation. Unable to raise the necessary funds to support its operations, Triple J Pipelines became insolvent, reporting approximately $89 million in liabilities, with around $68 million owed to unsecured creditors. B. Riley Farber was appointed as the proposal trustee. Legal counsel for the involved parties included Gowlings for Triple J Pipelines, Parlee McLaws for secured creditor Accord Financial, and Blakes for the proposal trustee.
Deal Type
OtherIndustry
InfrastructureTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date