March 29, 2017 9:59 AM ET

Energy Equipment and Services

Company Overview of Quality Lease Service, LLC

Company Overview

Quality Lease Service, LLC, doing business as Rocaceia Energy Services, provides well-site preparation and construction services to the oilfield industry in the Gulf Coast. It offers oilfield equipment rental services, including forklifts, man lifts, backhoes, track hoes, frac tanks, light towers, generators, compressors, trash containers, water and sewer systems, and pumps; and production services, including vacuum trucks, pump trucks, winch trucks, frac tanks, mud tanks, mixing pumps, mud plants, disposals, completion fluids, fluid transportation, fluid pumping, fluid disposal, fluid storage, backhoes, track hoes, dozers, gravel trucks, and roustabout crews. The company also provides drill...

480 County Road 355

PO Box 1215

El Campo, TX 77437

United States

Founded in 1989

Phone:

979-543-4738

Fax:

979-543-1513

Key Executives for Quality Lease Service, LLC

Chief Executive Officer and President
Chief Financial Officer
Compensation as of Fiscal Year 2016.

Quality Lease Service, LLC Key Developments

First Amended Liquidation Plan Approved for Quality Lease and Rental Holdings, LLC

The US Bankruptcy Court approved the amended plan of liquidation of Quality Lease and Rental Holdings, LLC on May 22, 2015. The debtor had filed its modified first amended plan in the Court on April 8, 2015. As per the first amended plan, Administrative Claims, US Trustee fees, Secured Claim of Taxing Authorities, Other Secured Claims, Secured Claims of Main Street Lenders of $37.68 million, Priority Claims of $0.34 million and Professional Fees will be paid in full in cash. Non-Insider General Unsecured Claims of $0.55 million will be paid on a pro rata basis in cash. Claims of Mobley Related to Sale Transaction will not receive any distribution. Priority Claims of $0.34 million will be paid in full in cash. Interests of Equity Holders will be cancelled and will not receive any distribution. The plan will be funded by cash in hand and sale of assets. The Court has also approved the sale of new membership interest in QLS and QLRS to Main Street Lender for $6.25 million credit bid. Transaction shall be closed within 20 days of the confirmation date.

First Amended Liquidation Plan & Related Disclosure Statement Filed by Quality Lease and Rental Holdings, LLC

Quality Lease and Rental Holdings, LLC filed first amended plan of liquidation and related disclosure statement in the US Bankruptcy Court on March 30, 2015. Treatment of all the classes of claims remain same as per the previous class. As per the modifications to first amended plan of liquidation filed on April 6, 2015, there are no substantial changes in the plan.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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