BECC Construction Inc., Dali Drywall Ltd., 2737566 Ontario Inc., and Massive Devcon Corporation
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-000-90247-0000
- Industry
- Construction · General contractors
BECC Construction Inc., Dali Drywall Ltd., 2737566 Ontario Inc. and Massive Devcon Corporation were placed in court-appointed receivership on May 29, 2025 under s. 243 of the BIA, following Royal Bank of Canada's March 11, 2025 demand for indebtedness of $4,374,836.14. The Receiver estimates RBC's secured debt at $7,438,688 as at the July 3, 2025 appointment date, exclusive of fees, costs and interest, supported by general security agreements over all present and after-acquired property and lease facilities secured against equipment at the Ancaster premises. Book assets of BECC, Dali and 273 total $8,162,396 against combined liabilities of $14,970,302 for all four debtors; Massive Devcon's records were unavailable beyond 2023. Most accounts receivable are disputed and collectability is highly questionable. CRA asserts deemed trust claims of $554,849 against Dali for HST and $295,555 against BECC for source deductions, ranking or potentially ranking ahead of RBC. Western Surety Company claims in excess of $8 million but has advised it holds no collateral. An independent security opinion from BLG remains pending.
The court granted an approval and vesting order. Closing terms, as extracted: Vesting of Purchased Assets and BECC USA Shares effective upon delivery by the Receiver of certificates confirming payment of purchase price, satisfaction/waiver of conditions, and completion of the Transaction.
The officer filed report no. Second Report. The Receiver conducted a court-approved sale process for the Debtors' assets and business, resulting in an executed asset and share purchase agreement with 16239005 Canada Inc., pending court approval; the Debtors' operations have wound down with employees terminated and premises being disclaimed or relocated.
Source: Second Report of the Receiver dated September 19, 2025 (Part 1 of 3)
The court approved a sale and investment solicitation process. A bid deadline of 2025-08-29.
Source: Sales Process & Bidding Procedures Order dated July 29, 2025
The officer filed report no. First Report. The Debtors' operations are currently idle, with substantially all employees on temporary layoff and no ongoing production; the Receiver is pursuing an expedited sale process given eroding customer contracts, uncollectible receivables, and a nil cash position at appointment.
Source: Second Report of the Receiver dated September 19, 2025 (Part 2 of 3)
Notice and Statement of the Receiver dated July 14, 2025 — Notice of receiver (s. 245 / Form 87)
The court appointed KPMG Inc. as receiver, on the application of Royal Bank of Canada. Court file CV-25-000-90247-0000.
BECC Construction Inc., Dali Drywall Ltd., 2737566 Ontario Inc., and Massive Devcon Corporation — Receivership filed, Ontario.
Debtor
BECC Construction Inc., Dali Drywall Ltd., 2737566 Ontario Inc., and Massive Devcon Corporation
Applicant
RBC
Receiver
KPMG
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Sheard | Ontario Superior Court of Justice | 2 orders, May 2025 | 16 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKPMG | Borden Ladner Gervais LLP · Loopstra Nixon LLP | 25 Jul 2025 | Factum · 25 Sep 2025 |
| ApplicantRBC | Aird & Berlis LLP | 4 Jul 2025 | Service list · 4 Jul 2025 |
| DebtorBECC Construction Inc., Dali Drywall Ltd., 2737566 Ontario Inc., and Massive Devcon Corporation | Loopstra Nixon LLP · McMillan LLP · Miller Thomson LLP Previously Borden Ladner Gervais LLP (last seen 4 Jul 2025) | 4 Jul 2025 | Service list · 25 Jul 2025 |
| CreditorAli Ozden | Spizzirri Law Professional Corporation | 4 Mar 2026 | Service list · 4 Mar 2026 |
| CreditorAllied Workers, Local 27, United Brotherhood of Carpenters | Rousseau Mazzuca LLP | 25 Jul 2025 | Service list · 25 Jul 2025 |
| CreditorBusiness Development Bank of Canada | Spetter Zeitz Klaiman Pc | 4 Mar 2026 | Service list · 4 Mar 2026 |
| CreditorFirst Lake First Nation | Perley-Robertson, Hill & McDougall LLP/s.r.l. | 25 Jul 2025 | Service list · 25 Jul 2025 |
| CreditorOriginal Plumbing Co | Katzman Litigation | 25 Jul 2025 | Service list · 25 Jul 2025 |
| CreditorOttawa Community Housing Corporation | Torkin Manes LLP | 25 Jul 2025 | Service list · 25 Jul 2025 |
| CreditorPylon Paving (1996) Inc | Miller Thomson LLP | 9 Sep 2025 | Service list · 9 Sep 2025 |
| CreditorRona Inc | Daoust Vukovich LLP Previously Miller Thomson LLP (last seen 9 Sep 2025) | 9 Sep 2025 | Service list · 4 Mar 2026 |
| CreditorRoyal Bank of Canada | Aird & Berlis LLP | 22 May 2025 | Factum · 22 May 2025 |
| CreditorSekisui Chemical Co., Ltd | Torkin Manes LLP Previously Miller Thomson LLP (last seen 25 Jul 2025) | 25 Jul 2025 | Service list · 9 Sep 2025 |
| CreditorWestern Surety Company | Borden Ladner Gervais LLP | 25 Jul 2025 | Service list · 25 Jul 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Western Surety Company · in 5 casesas of email dated March 31, 2025 — Judgments (two, underlying garnishment notices) and Indemnity & Security Agreements — Floor figure - counsel states claims 'exceed $8 million'; described as having both secured and unsecured claims pursuant to judgment and Indemnity & Security Agreements; claim status/priority not otherwise detailed in these pages. — debtor: BECC Construction Inc. and related guarantors ("Indemnitors") | $8M | Application Record dated May 16, 2025 Part 2 |
| Secured | |||
| Secured | |||
| Secured | |||
| Secured | |||
| Secured |
5 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansApproval pending — Successful bid selected pending court approval of the TransactionSecond Report of the Receiver dated September 19, 2025 (Part 1 of 3) · 19 Sep 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 16239005 Canada Inc.the Purchased Assets and the shares of BECC USA Inc. owned by BECC Construction Inc. · assets and shares · agreement 17 Sep 2025 | Subscribers | Approved2 Oct 2025outside 31 Oct 2025 | Approval and Vesting Order dated October 2, 2025 |
As at ·
Cash on hand
$0
As at 22 Jul 2025Second Report of the Receiver dated September 19, 2025 (Part 2 of 3)
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Service List as at March 4, 2026
| PDF · Subscribers | |
| Receiver's Certificate dated November 14, 2025 | PDF · Subscribers | |
Approval and Vesting Order dated October 2, 2025
| PDF · Subscribers | |
| Motion Record Returnable October 2, 2025 Part 2 | PDF · Subscribers | |
Factum of the Receiver dated September 25, 2025
| PDF · Subscribers | |
| Motion Record Returnable October 2, 2025 Part 1 | PDF · Subscribers | |
Motion Record Returnable October 2, 2025 Part 3
| PDF · Subscribers | |
Second Report of the Receiver dated September 19, 2025 (Part 1 of 3)
| PDF · Subscribers | |
Second Report of the Receiver dated September 19, 2025 (Part 2 of 3)
| PDF · Subscribers | |
Second Report of the Receiver dated September 19, 2025 (Part 3 of 3)
| PDF · Subscribers | |
Service List as at September 9, 2025
| PDF · Subscribers | |
Endorsement of Justice Valente dated July 29, 2025
| PDF · Subscribers | |
Sales Process & Bidding Procedures Order dated July 29, 2025
| PDF · Subscribers | |
| Motion Record of the Receiver dated July 25, 2025 | PDF · Subscribers | |
Service List as at July 25, 2025
| PDF · Subscribers | |
First Report of the Receiver dated July 22, 2025
| PDF · Subscribers | |
| Notice and Statement of the Receiver dated July 14, 2025 | PDF · Subscribers | |
Service List as at July 4, 2025
| PDF · Subscribers | |
Appointment Order dated May 29, 2025
| PDF · Subscribers | |
Endorsement of Justice Sheard dated May 29, 2025
| PDF · Subscribers | |
Factum of the Applicant dated May 22, 2025
| PDF · Subscribers | |
Application Record dated May 16, 2025 Part 1
| PDF · Subscribers | |
Application Record dated May 16, 2025 Part 2
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “BECC Construction Inc., Dali Drywall Ltd., 2737566 Ontario Inc., and Massive Devcon Corporation” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/becc-construction-inc-dali-drywall-ltd-2737566-ontario-inc-and-massive-devcon-co