Neil Honess

Neil is a partner in KPMG’s restructuring and turnaround practice in Calgary with over 20 years experience in restructuring and insolvency in Canada, Bermuda and the UK. Neil has significant cross-border experience across the markets he has worked that span a wide range of industries, including real estate, construction, oilfield service, oil and gas exploration and production, manufacturing and retail.

Neil focuses on corporate recovery and restructuring matters and has been involved in a variety of engagements including restructurings, formal and informal insolvency and turnaround mandates and advisor to lenders, corporate debtors and other stakeholders.

Neil's professional and industry experience includes:

  • Court appointed Receiver of
    • Q’Max, a multinational oilfield services company with operations in Canada, US, Colombia, Mexico and the Middle East.
    • The MRMA group of companies, which owned and operated a hotel and restaurants in central and northern Alberta.
    • McArthur Furniture, a retailer of high end customized furniture.
    • Millennium Stimulation Services, an oilfield service company operating across Alberta and Saskatchewan
    • Chinook Pipeline, a civil engineering and oilfield service company operating in Alberta, BC and Saskatchewan.
  • Court appointed CCAA Monitor and subsequently receiver of
    • Strategic Oil and Gas, a junior oil and gas company with assets in northern Alberta
    • the Spare Parts group of companies, a chain of nationwide retail outlets.
  • Court appointed Liquidator of Primewest Mortgage Investment, a Saskatchewan based mortgage investment company winding up its operations. 
  • Court appointed CCAA monitor of Parallel Energy Trust.
  • Financial advisor to a syndicate of lenders for a large multi-entity oilfield services corporation with operations in Northern Alberta and Northern British Columbia.
  • “Dual process” US Chapter 15/Bermuda liquidation of a Bermuda domiciled and North Carolina operated reinsurance company.
  • Privately appointed Receiver of a large printed circuit board manufacturer in the UK with over 1,800 employees and significant government debt.