Five Point Energy ULC acquired Griffon Partners Operation Corporation (GPOC) through court-supervised Companies’ Creditors Arrangement Act (CCAA) proceedings in Alberta. The acquisition followed a restructuring process that began in August 2023, when GPOC and affiliated entities filed Notices of Intention to Make a Proposal under the Bankruptcy and Insolvency Act (BIA) . The proceedings were transitioned to the CCAA on February 7, 2024, to allow for a more flexible and comprehensive restructuring framework. A court-approved Sales and Investment Solicitation Process (SISP) was launched under the oversight of Alvarez & Marsal Canada Inc., who served as Monitor . Five Point Energy emerged as the successful bidder through this process. Although the transaction value was not publicly disclosed, the acquisition was approved by the Alberta court and completed with the formal corporate name change of GPOC to Five Point Energy Inc. on May 7, 2024, signifying its integration into Five Point’s portfolio. The deal highlights Five Point’s strategic approach to acquiring and revitalizing distressed energy infrastructure assets through legal restructuring mechanisms. Stikeman Elliott LLP acted as legal advisor to Five Point Energy, while Alvarez & Marsal Canada Inc. oversaw the process as court-appointed Monitor. Torys LLP advised Alvarez & Marsal Canada Inc. while Osler, Hoskin & Harcourt LLP advised GPOC. The transaction reinforces Five Point’s expansion in the Canadian energy market and demonstrates the utility of the CCAA framework in enabling efficient, value-maximizing asset transitions.