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On February 18, 2019, BeavEx Incorporated and its affiliates (collectively, the “Company”) filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The cases are pending before the Honorable Laurie Selber Silverstein and are being jointly administered under Case No. 19-10316.
The Company filed for Chapter 11 to accomplish the sale of the majority of its assets, including its Guardian Medical Logistics business, to certain U.S. Last Mile affiliates of TFI International Inc. and to initiate a competitive bidding process designed to achieve the highest or otherwise best offer, or offers, for the Company’s assets.
The Company expects to continue operating its business as usual during the process and will work closely with its stakeholders to help ensure that ongoing obligations are met and services are uninterrupted.