Mustang Well Services
Situation
Oilfield services company in receivership in Alberta, Canada.
Tiger’s Vision
Tiger conducted a mix of orderly and auction sales of the assets of the company, which included service rigs, deck, pump, and auxiliary trucks from manufacturers such as NOV, Crane Carrier, Cardwell, Franks, Irontech, Rykar, MWS, International, Western Star, Freight-liner, and Kenworth.
Outcome
Tiger provided a guarantee on the proceeds of the sale to the Receiver, and the results provided upside sharing of additional proceeds to the estate.