#Sale
The court granted an approval and vesting order.
Source: Stay Extension and Sale Approval and Vesting Order - Filed August 7, 2026
Coast Wholesale Appliances Inc. and Coast Holdings (GP) Ltd.
FollowActive
- Proceeding
- CCAACompanies' Creditors Arrangement Act, RSC 1985 c. C-36, as amended
- File
- S-262686
Filings held19
Last activity7 Aug 2026
On the record157 days
Secured debt$68.9M
OverviewSummary updated
Coast Wholesale Appliances Inc. and Coast Holdings (GP) Ltd. commenced CCAA proceedings in the Supreme Court of British Columbia on April 17, 2026, under court file S-262686, together with Coast Limited Partnership and Coast Holdings Limited Partnership. Consolidated unaudited internal statements at February 28, 2026 show total assets of $82,254,000 against total liabilities of $130,015,000 and equity of negative $47,761K, with long-term debt made up mainly of bank debt of $54.9M, subordinated debt of $17.0M and vendor takeback notes of $13.3M. A syndicate led by Bank of Montreal as administrative agent was owed $68,900,000 in senior secured debt at April 15, 2026, excluding fees, and is also acting as interim lender under a facility of up to $2,000,000 during the initial 10-day stay, secured by an Interim Lender's Charge. TriWest Capital holds $17.0 million of subordinated secured debt.
Proceedings AIAsk this case — answers cite the filings
Case updates19 dated entries · 1 undated
#Order
The court approved a sale and investment solicitation process.
Source: Liquidation Sale Approval Order - Filed April 27, 2026
#Order
Amended and Restated Initial Order - Filed April 27, 2026 — Amended and restated initial order
#Filing
Commenced CCAA proceedings in the Supreme Court of British Columbia, file S-262686; interim financing of up to $2,000,000 was available during the initial 10-day stay, secured by an Interim Lender's Charge.
Source: Notice of Application - Liquidation Sale Approval - Filed April 23, 2026
Undated filings1 — no date appears on the document · show
—
Parties
Debtor
Coast Wholesale Appliances Inc. and Coast Holdings (GP) Ltd.
Applicant
Bank of Montreal
Monitor
PwC
Bench and counselPer the orders and service lists on the record
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorPwC | McCarthy Tétrault LLP | 17 Jun 2026 | Service list · 17 Jun 2026 |
| ApplicantBank of Montreal | Fasken Martineau DuMoulin LLP | 17 Jun 2026 | Service list · 17 Jun 2026 |
| CreditorBradlee Distributors Inc | Blue Rock Law LLP | 17 Jun 2026 | Service list · 17 Jun 2026 |
| CreditorMiele Limited | Stikeman Elliott LLP | 17 Jun 2026 | Service list · 17 Jun 2026 |
| CreditorMoneris Solutions Corp | Reconstruct LLP | 17 Jun 2026 | Service list · 17 Jun 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Syndicate of lenders led by Bank of Montreal, as Administrative AgentSenior secured Credit Agreement dated September 30, 2017, as amended; comprised of Revolving Loan (limit $30M, temporary bulge of $5M for total availability of $35M) and Term Loan (non-revolving, maximum $55M facility) — Syndicated Senior Debt, excluding fees and other obligations — debtor: Coast Wholesale Appliances Inc., Coast Holdings (GP) Ltd., Coast Limited Partnership and Coast Holdings Limited Partnership · as of 15 Apr 2026 | $68.9M | First Report of the Monitor - Filed April 24, 2026 |
| 4 | Secured | TriWest Capital (subordinated secured creditor)as of date of this report (April 24, 2026) — Subordinated secured debt, ranks behind Syndicate's senior secured debt — Related party: TriWest is also an equity investor in Coast via TriWest Capital Partners V, L.P. and TriWest Capital Partners V (US), L.P. Document also states amount 'at various reporting dates was approximately $13.0 million to $17.0 million' (prose range); TriWest also provided a $1.5 million limited guarantee to backstop NBA Samsung inventory financing, assigned to the Syndicate to the extent not relied upon by NBA. — debtor: Coast Wholesale Appliances Inc. / Coast Holdings | $17M | First Report of the Monitor - Filed April 24, 2026 |
| 4 | Secured | VIP Distributors Inc., operating as National Buying Associates (NBA)Financing secured against select Samsung-branded inventory; priority over Syndicate's security in respect of that financed inventory — Stated as facility limit 'up to $3.0 million', not a balance; supported by a $1.5 million limited guarantee from TriWest — debtor: Coast Limited Partnership | — | First Report of the Monitor - Filed April 24, 2026 |
| 4 | Secured | Syndicate (in capacity as Interim Lender) · in 2 casesInterim Lender's Charge over all property of the Debtors, securing advances under the Interim Loan Agreement/Interim Facility — Facility limit of up to $2,000,000 during initial 10-day Stay of Proceedings; amount actually drawn not stated — debtor: Coast Wholesale Appliances Inc. and related Debtors | — | First Report of the Monitor - Filed April 24, 2026 |
| 5 | PMSI / lessors | Fisher and Paykel Appliances Canada Inc. (FPA)Purchase money security interest (PMSI) financing — debtor: Coast Limited Partnership | $340K | First Report of the Monitor - Filed April 24, 2026 |
| 8 | Unsecured | Whirlpool Canada LP · in 5 cases | $2.27M | List of Creditors - April 27 2026 |
| 8 | Unsecured | LG Electronics Canada | $2.24M | List of Creditors - April 27 2026 |
| 8 | Unsecured | Electrolux Home Prod (Bldr/Ret) | $1.21M | List of Creditors - April 27 2026 |
| 8 | Unsecured | Ministry of Finance-BC (PST)Provincial tax authority | $463K | List of Creditors - April 27 2026 |
| 8 | Unsecured | BSH Home Appliances Ltd. · in 4 cases | $447K | List of Creditors - April 27 2026 |
| 8 | Unsecured | MC Commercial | $425K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Distinctive Appliance · in 2 cases | $421K | List of Creditors - April 27 2026 |
| 8 | Unsecured | AG International (Elica) | $320K | List of Creditors - April 27 2026 |
| 8 | Unsecured | NBA (Ss Builder/SS Dacor Re/SS Retail) | $224K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Euro-line Appliance | $177K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Pacific Specialty Brand | $157K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Bradlee Distributors | $149K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Coinamatic Comm Laundry | $134K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Google LLC · in 17 cases | $120K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Midea | $114K | List of Creditors - April 27 2026 |
| 8 | Unsecured | ACL Logistics | $113K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Burnet, Duckworth & Palmer LLP · in 9 cases | $98.4K | List of Creditors - April 27 2026 |
| 8 | Unsecured | B&N Delivery Service (475540 Ontario Ltd.) | $96.3K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Venmar Ventilation | $91.5K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Danby Products Ltd. · in 2 cases | $90.3K | List of Creditors - April 27 2026 |
| 8 | Unsecured | 7 Suns Delivery & Logistics Inc. | $82.5K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Manitoba Finance Retail Sales TaxProvincial tax authority | $74.6K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Cyclone Range Hoods Inc. | $69.5K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Saskatchewan Finance Education & Health TaxProvincial tax authority | $65.6K | List of Creditors - April 27 2026 |
| 8 | Unsecured | ZGM Collaborative Marketing | $64.8K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Sharp Electronics of Canada · in 2 cases | $51.3K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Transource Freightways | $31.8K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Premiere Van Lines (N.S.) · in 3 cases | $31K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Plains West Property Management Ltd.Landlord | $30.9K | List of Creditors - April 27 2026 |
| 8 | Unsecured | AG International Inc. (US) | $27.5K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Neil Patel Digital Canada Inc. | $25.5K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Prosperity Delivery & Warehousing | $24.8K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Middleby Canada Co. | $24.6K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Konica Minolta (Lease) Eft Premiere Finance · in 4 cases | $21.7K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Total One Logistics Inc. | $20.6K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Docker Transport Inc. | $20.3K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Stirling Marathon Ltd. | $18K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Deloitte LLP · in 30 cases | $17.4K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Epass SoftwareTable header states CAD $; creditor address is in USA | $14.3K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Hisense Canada Co. Ltd. · in 2 cases | $11.5K | List of Creditors - April 27 2026 |
| 8 | Unsecured | 1352866 Ontario Inc (Times Kitchen and Bath)debtor: Coast Wholesale Appliances Inc. / Coast Holdings (GP) Ltd. | $11K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Konica Minolta Business Solutions (Canada) Ltd. (PO Box 4563 Toronto Stn A) · in 30 cases | $10.5K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Wong Way Installations | $9.4K | List of Creditors - April 27 2026 |
| 8 | Unsecured | DLC Delivery and Moving Services | $8.43K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Elite Appliance Service | $8.4K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Work Clean Canada Inc. | $7.73K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Ses Imagotag Digital Solutions Ltd. | $7.45K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Western Materials Handling · in 2 cases | $7.35K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Fisher & Paykel Appliances | $6.85K | List of Creditors - April 27 2026 |
| 8 | Unsecured | D.I. Appliances Ltd. | $6.35K | List of Creditors - April 27 2026 |
| 8 | Unsecured | MG Technologies Inc dba port80 | $6.3K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Commport Communications International Inc. · in 2 cases | $5.96K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Citron Hygiene LP · in 10 cases | $5.52K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Trusted Appliance Installations Inc. | $4.92K | List of Creditors - April 27 2026 |
| 8 | Unsecured | 2234094 Alberta Ltd. (Aspen Installs) | $4.74K | List of Creditors - April 27 2026 |
| 8 | Unsecured | iS2 Workforce Solutions | $4.64K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Enbridge Gas Inc. · in 21 cases | $4.6K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Daniel ProsperIndividual trade creditor, address confidential | $4.46K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Consumer Appliances & Home Services Ltd. | $4.07K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Randy's Delivery | $3.79K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Case IQ | $3.73K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Punjab Appliances Repair Ltd. | $3.65K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Blast Media Print Corp. | $3.57K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Aerotek ULC - Aston Carter | $3.46K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Napoleon | $3.34K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Coverall of Calgary · in 4 cases | $3.17K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Mirage Landscaping Inc. | $3.02K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Reliable Parts Ltd. | $3K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Hydro One Networks Inc. · in 48 cases | $2.75K | List of Creditors - April 27 2026 |
| 8 | Unsecured | All Inclusive Marketing (AIM) | $2.63K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Han Appliances & Refrigeration Services Ltd. | $2.41K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Redman Distributing | $2.34K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Cintas Canada Limited · in 87 cases | $2.32K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Van Dusen Enterprises | $2.32K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Unique Appliances | $2.27K | List of Creditors - April 27 2026 |
| 8 | Unsecured | City of Saskatoon Treasurer's DepartmentMunicipal claim | $2.24K | List of Creditors - April 27 2026 |
| 8 | Unsecured | F5 Technologies Inc. dba TMF Technologies | $2.19K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Iron Mountain Canada · in 6 cases | $2.11K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Household Heating Ltd. | $2.08K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Loraas Disposal Services Ltd. · in 4 cases | $2.04K | List of Creditors - April 27 2026 |
| 8 | Unsecured | OC Tanner | $2.03K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Bryan MckagueIndividual trade creditor, address confidential | $1.95K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Bunzl Industrial · in 5 cases | $1.93K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Sap Concur · in 3 cases | $1.81K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Traffic Tech Inc. · in 13 cases | $1.8K | List of Creditors - April 27 2026 |
| 8 | Unsecured | C.R. Laurence of Canada Ltd. | $1.74K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Westkey Graphics | $1.68K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Uline Canada Corporation · in 71 cases | $1.68K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Simon Appliance & Plumbing Ltd. | $1.68K | List of Creditors - April 27 2026 |
| 8 | Unsecured | The Compactor | $1.6K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Bullet Transportation Co. Inc. | $1.56K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Woosah Clean Ltd. | $1.52K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Garibaldi Glass Industries Inc. | $1.49K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Skippy Janitorial Service | $1.48K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Waste Logic Inc. | $1.48K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Sheldon WilsonIndividual trade creditor, address confidential | $1.45K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Randstad · in 12 cases | $1.24K | List of Creditors - April 27 2026 |
| 8 | Unsecured | KC Appliance Installations | $1.23K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Orca Installation | $1.19K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Dynamic Heating & Air Conditioning | $1.13K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Stericycle ULC · in 11 cases | $1.09K | List of Creditors - April 27 2026 |
| 8 | Unsecured | Triovest Realty Advisors Inc.Balance Due listed as 'TBD'; landlord/property manager | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | Noort Investments & AssociatesBalance Due listed as 'TBD'; landlord | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | H&R REITBalance Due listed as 'TBD'; landlord | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | DMCL LLPBalance Due listed as 'TBD' | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | Dream Industrial REITBalance Due listed as 'TBD'; landlord | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | Blackthorn Properties Inc.Balance Due listed as 'TBD' | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | EMCO Inestments LimitedBalance Due listed as 'TBD' | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | Trinistar CorpBalance Due listed as 'TBD' | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | Anthem Calgary Core IndustrialBalance Due listed as 'TBD' | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | Shelter Canadian Properties Limited · in 2 casesBalance Due listed as 'TBD'; landlord | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | RioCan REIT · in 3 casesBalance Due listed as 'TBD'; landlord | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | ICR Commerical Real Estate (Saskatoon)Balance Due listed as 'TBD'; landlord | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | ICR Commercial Real Estate (Regina) · in 2 casesBalance Due listed as 'TBD'; landlord | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | Red BrickBalance Due listed as 'TBD'; landlord | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | Mid-West Dev (2000) Corp NexusBalance Due listed as 'TBD'; landlord | — | List of Creditors - April 27 2026 |
| 8 | Unsecured | Tribe Management Inc.Balance Due listed as 'TBD'; property manager | — | List of Creditors - April 27 2026 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale processAs stated in the filings
2 transactions · 1 proposed · 1 closed — sale transaction approved and vesting order grantedStay Extension and Sale Approval and Vesting Order - Filed August 7,… · 7 Aug 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Trail Appliances Ltd.the Intangible Assets, being successful outcome of the Commercial Marketing Process · asset sale · agreement 30 Jul 2026 | SealedThe purchase price will be paid in cash by wire transfer upon closing of the Proposed Transaction | Proposed | Second Report of the Monitor - Filed August 5,… |
| purchaser(s) of the Debtors' Owned FF&E sold via auction, unnamedOwned FF&E, including warehouse equipment, racking, forklifts, and other fixed assets · auction | not statedAn estimate of net proceeds from the Owned FF&E sale has been reflected in CFF #3 | Closed9 Jul 2026 | Second Report of the Monitor - Filed August 5,… |
AdvisorsHilco Canada Holdings, ULC (liquidator); PricewaterhouseCoopers Inc., LIT (financial advisor); Able Auctions Ltd. (auctioneer)Second Report of the Monitor - Filed August 5, 2026
Closing termsVendors may extend the Closing Date with consent of Monitor and Purchaser; vesting occurs upon delivery of Monitor's CertificateStay Extension and Sale Approval and Vesting Order - Filed August 7,…
Estate financialsReported figures — never derived
Total assets at filing$82.3M
Total liabilities at filing$130M
As at 28 Feb 2026 · per unaudited, internal financial reporting from the books and records of the Debtors, not reviewed or audited by the Monitor · consolidated - Coast Wholesale Appliances Inc., Coast Holdings (GP) Ltd., Coast Limited Partnership and Coast Holdings Limited Partnership (the Debtors) — Total liabilities comprised of Total Current Liabilities $44,375K, Total Long Term Liabilities $86,287K, less Interco Payable ($648K). Total Equity was negative $47,761K. Long term liabilities comprised mainly of bank debt ($54.9M), subordinated debt ($17.0M), and vendor takeback notes ($13.3M).
Documents
19 filings
| Date | Document | File |
|---|---|---|
| Sealing Order - Filed August 7, 2026 | ||
Stay Extension and Sale Approval and Vesting Order - Filed August 7, 2026
| ||
Notice of Application - Filed August 5, 2026
| ||
Second Report of the Monitor - Filed August 5, 2026
| ||
Service List - Coast Wholesale Appliances
| ||
| Coast - Retail Customer FAQ | ||
| Affidavit of Jordan Beaulieu - Filed April 27, 2026 | ||
| Amended and Restated Initial Order - Filed April 27, 2026 | ||
Liquidation Sale Approval Order - Filed April 27, 2026
| ||
List of Creditors - April 27 2026
| ||
| Sealing Order - Filed April 27, 2026 | ||
First Report of the Monitor - Filed April 24, 2026
| ||
| Affidavit of Jordan Beaulieu - Filed April 23, 2026 | ||
| Creditor notice | ||
Notice of Application - Liquidation Sale Approval - Filed April 23, 2026
| ||
CCAA Order - Coast Appliances
| ||
| Proposed Monitors Pre Filing Report | ||
| Affidavit of John Gil | ||
| Coast - Retail Customer FAQ (FOR BC CUSTOMERS ONLY) | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Coast Wholesale Appliances Inc. and Coast Holdings (GP) Ltd.” (CCAA), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/coast-wholesale-appliances-inc-and-coast-holdings-gp-ltd