MNP Ltd. facilitates sale of Moloney Electric plant in Sackville, New Brunswick

January 24, 2018

On January 24, 2018, Cam Tran Co. Ltd. completed its purchase of the land and certain assets, including transformers, of the former Moloney Electric plant in Sackville, New Brunswick, following approval of the acquisition by Ontario’s Superior Court of Justice (Commercial List) on January 9, 2018.

MNP Ltd. was designated as the court-appointed receiver of the undertaking, property and assets of Moloney Electric Inc. and Moloney Services Inc. in May 2017.

Miller Thomson advised MNP throughout the sale process culminating in the successful sale of the plant with a team that included Craig Mills and Ali Baniasadi.