Proceedings.

Perativ General Partnership, Perativ Holdings Limited, Perativ Solutions Inc., Perativ Partnerco Limited and Saratoga ATM Armored Services Inc

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Active
Proceeding
CCAASections 4, 5, 11 and ff. of the Companies' Creditors Arrangement Act
File
500-11-062549-239
Filings held16
Last activity6 Nov 2023
On the record1,176 days
Secured debt$44.1M
OverviewSummary updated

Perativ General Partnership, together with Perativ Holdings Limited, Perativ Solutions Inc., Perativ Partnerco Limited and Saratoga ATM Armored Services Inc, has been under Companies' Creditors Arrangement Act protection in the Superior Court of Québec since July 3, 2023, and the proceedings remain active. A creditors list as at that date shows secured claims against Perativ General Partnership and Perativ Holding Limited of US$44,131,245 owing to AF Realizations S.A.R.L, $30,196,355 to Bank of Montreal and $6,459,948 to the Business Development Bank of Canada. The largest unsecured claims against the partnership are US$2,156,170 owing to Nautilus Hyosung America Inc, $748,815 to GardaWorld Cash Services Canada Corporation and $282,141 to Brink's Canada Limited, alongside several hundred smaller trade, utility, professional and employee-related claims.

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Case updates16 dated entries
Parties

Debtor

Perativ General Partnership, Perativ Holdings Limited, Perativ Solutions Inc., Perativ Partnerco Limited and Saratoga ATM Armored Services Inc

Monitor

PwC

Bench and counselPer the orders and service lists on the record

Counsel of record

PartyCounselFirst seenSource
CreditorAF Realizations S.à r.l., a Luxembourg subsidiary of Sandton Capital Solutions Master Fund V, LPCassels Brock & Blackwell LLP24 Aug 2023Service list · 24 Aug 2023
CreditorCanadian Imperial Bank of Commerce (CIBC)Norton Rose Fulbright Canada LLP24 Aug 2023Service list · 24 Aug 2023
CreditorE.R. Fox Developments Ltd. ('Fox')MLT Aikins LLP24 Aug 2023Service list · 24 Aug 2023
Capital structureAs asserted in the filings
USD · stated amounts, drawn to scale
stated amounts, drawn to scale · the 109 smallest grouped as one mark · 2 named without a figure
#Priority classCreditorAmountSource
4SecuredAF REALIZATIONS S.A.R.LFrom Creditors List as at July 3, 2023; address in USA, amount currency not explicitly confirmed as CAD or USD in document, listed with other CAD amounts in same total — debtor: Perativ General Partnership/Perativ Holding Limited · as of 3 Jul 2023$44.1M USDCreditors List
4SecuredBANK OF MONTREAL · in 279 casesFrom Creditors List as at July 3, 2023 — debtor: Perativ General Partnership/Perativ Holding Limited · as of 3 Jul 2023$30.2MCreditors List
4SecuredBUSINESS DEVELOPMENT BANK OF CANADA · in 241 casesFrom Creditors List as at July 3, 2023 — debtor: Perativ General Partnership/Perativ Holding Limited · as of 3 Jul 2023$6.46MCreditors List
8UnsecuredNAUTILUS HYOSUNG AMERICA INCdebtor: Perativ General Partnership · as of 3 Jul 2023$2.16M USDCreditors List
8UnsecuredGARDAWORLD CASH SERVICES CANADA CORPORATION · in 4 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$749KCreditors List
8UnsecuredBRINK'S CANADA LIMITED · in 6 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$282KCreditors List
8UnsecuredTRITON SYSTEMSdebtor: Perativ General Partnership · as of 3 Jul 2023$125K USDCreditors List
8UnsecuredBANK OF MONTREAL MASTER CARDdebtor: Perativ General Partnership · as of 3 Jul 2023$116KCreditors List
8UnsecuredThird Octet Inc · in 2 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$66.3KCreditors List
8UnsecuredPAPER DIMENSION INC.debtor: Perativ General Partnership · as of 3 Jul 2023$42.1KCreditors List
8UnsecuredSCI WHITE GLOVE SERVICESdebtor: Perativ General Partnership · as of 3 Jul 2023$29KCreditors List
8UnsecuredAMERICAN EXPRESS · in 28 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$25KCreditors List
8UnsecuredLONG VIEW SYSTEMS CORPORATION · in 6 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$24.7KCreditors List
8UnsecuredMANITOULIN TRANSPORT INC. · in 13 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$24.5KCreditors List
8UnsecuredNORTON ROSE FULBRIGHT · in 14 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$23.6KCreditors List
8UnsecuredPERATIV GENERAL PARTNERSHIPEntity listed as its own unsecured creditor; possible intercompany or related-party claim — debtor: Perativ General Partnership · as of 3 Jul 2023$23KCreditors List
8UnsecuredBELL MOBILITY INC · in 6 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$15.5KCreditors List
8UnsecuredDAVIES WARD PHILLIPS & VINEBERG LLP · in 5 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$13.6KCreditors List
8UnsecuredCDW CANADA · in 25 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$11.4KCreditors List
8Unsecured10106676 MANITOBAdebtor: Perativ General Partnership · as of 3 Jul 2023$10.4KCreditors List
8UnsecuredROGERS · in 63 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$9.2KCreditors List
8UnsecuredBRIAN JORGENSONdebtor: Perativ General Partnership · as of 3 Jul 2023$9K USDCreditors List
8UnsecuredWayne Malonedebtor: Perativ General Partnership · as of 3 Jul 2023$9KCreditors List
8UnsecuredINDEED CANADA CORP. · in 2 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$8.69KCreditors List
8UnsecuredCLEARCARD ATM SERVICE NETWORK INCdebtor: Perativ General Partnership · as of 3 Jul 2023$6.68KCreditors List
8UnsecuredREXALL PHARMACY GROUP LTD.debtor: Perativ General Partnership · as of 3 Jul 2023$6.5KCreditors List
8UnsecuredJOEY COLUCCINOdebtor: Perativ General Partnership · as of 3 Jul 2023$6.3KCreditors List
8UnsecuredKroll Consulting Canada Co.debtor: Perativ General Partnership · as of 3 Jul 2023$5.67KCreditors List
8UnsecuredJOHN ARMSTRONGdebtor: Perativ General Partnership · as of 3 Jul 2023$5KCreditors List
8UnsecuredMERCURY PUBLICATIONS LIMITEDdebtor: Perativ General Partnership · as of 3 Jul 2023$3.96KCreditors List
8UnsecuredACE CLEANING SERVICESdebtor: Perativ General Partnership · as of 3 Jul 2023$3.71KCreditors List
8UnsecuredGREAT WEST ATM LTDdebtor: Perativ General Partnership · as of 3 Jul 2023$3.71KCreditors List
8UnsecuredHOLINTEK LTD.debtor: Perativ General Partnership · as of 3 Jul 2023$3.21KCreditors List
8Unsecured3316657 Nova Scotia Limited DBA Office Move Prodebtor: Perativ General Partnership · as of 3 Jul 2023$2.99KCreditors List
8UnsecuredROGERS TELECOM - BUSINESS · in 2 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$2.19KCreditors List
8UnsecuredTELUS MOBILITY · in 67 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$1.98KCreditors List
8UnsecuredULINE CANADA CORPORATION · in 71 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$1.96KCreditors List
8UnsecuredANSWERPLUSdebtor: Perativ General Partnership · as of 3 Jul 2023$1.95KCreditors List
8UnsecuredALIGNTEKdebtor: Perativ General Partnership · as of 3 Jul 2023$1.95KCreditors List
8UnsecuredRAYMOND PLANTEdebtor: Perativ General Partnership · as of 3 Jul 2023$1.9KCreditors List
8Unsecured407 EXPRESS TOLL ROUTE · in 4 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$1.82KCreditors List
8UnsecuredWSIB · in 51 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$1.76KCreditors List
8UnsecuredSELF STOR · in 2 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$1.67KCreditors List
8UnsecuredTORONTO HYDRO · in 37 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$1.51KCreditors List
8UnsecuredPROTECH INFORMATIQUEdebtor: Perativ General Partnership · as of 3 Jul 2023$1.48KCreditors List
8UnsecuredTDR INFORMATIQUEdebtor: Perativ General Partnership · as of 3 Jul 2023$1.37KCreditors List
8UnsecuredGRADY'S PUBdebtor: Perativ General Partnership · as of 3 Jul 2023$1.35KCreditors List
8UnsecuredNETWORLD MEDIA GROUPdebtor: Perativ General Partnership · as of 3 Jul 2023$1.35K USDCreditors List
8UnsecuredAUSTRING FAIRMAN & FEKETEdebtor: Perativ General Partnership · as of 3 Jul 2023$1.33KCreditors List
8UnsecuredANDRE LEBEUFdebtor: Perativ General Partnership · as of 3 Jul 2023$1.31KCreditors List
8UnsecuredADT Security Services Canada, Inc. · in 7 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$1.27KCreditors List
8UnsecuredEPCOR · in 49 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$1.23KCreditors List
8UnsecuredH. BREITER WINDOW CLEANING LTD.debtor: Perativ General Partnership · as of 3 Jul 2023$1.22KCreditors List
8UnsecuredWM QUEBEC INC · in 2 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$1.15KCreditors List
8UnsecuredHYDRO QUEBEC · in 34 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$1.15KCreditors List
8UnsecuredHOSPICE SAINT JOHNdebtor: Perativ General Partnership · as of 3 Jul 2023$1.1KCreditors List
8UnsecuredCommunication Zone Inc.debtor: Perativ General Partnership · as of 3 Jul 2023$920Creditors List
8Unsecured2478658 ONTARIO LTDdebtor: Perativ General Partnership · as of 3 Jul 2023$888Creditors List
8Unsecured10754161 CANADA INCdebtor: Perativ General Partnership · as of 3 Jul 2023$832Creditors List
8UnsecuredARMOUR TRANSPORTATION INCdebtor: Perativ General Partnership · as of 3 Jul 2023$773Creditors List
8UnsecuredSERVICE MASTER · in 2 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$758Creditors List
8UnsecuredSTEWART MCKELVEY · in 15 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$724Creditors List
8UnsecuredA&S SYSTEMS INCdebtor: Perativ General Partnership · as of 3 Jul 2023$715Creditors List
8UnsecuredGATEWAY ENTERPRISES (SAULT) INC.debtor: Perativ General Partnership · as of 3 Jul 2023$706Creditors List
8UnsecuredAINSWORTH INC · in 7 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$661Creditors List
8UnsecuredBOLTS PLUS INC. · in 4 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$651Creditors List
8UnsecuredVIA DISPOSAL SERVICE CO. LTD.debtor: Perativ General Partnership · as of 3 Jul 2023$641Creditors List
8UnsecuredPROTECH INFORMATION TECHNOLOGIES INC.debtor: Perativ General Partnership · as of 3 Jul 2023$599Creditors List
8Unsecured9149-8386 QUEBEC INC / L'ABC D'EQUI-COMdebtor: Perativ General Partnership · as of 3 Jul 2023$517Creditors List
8UnsecuredEddy Chalhoubdebtor: Perativ General Partnership · as of 3 Jul 2023$511Creditors List
8UnsecuredHENRY'S HARDWARE LOCKSMITHING · in 2 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$500Creditors List
8UnsecuredCARTER'S AGENCIESdebtor: Perativ General Partnership · as of 3 Jul 2023$498Creditors List
8UnsecuredSTERLING BACKCHECK CANADA CORP. · in 5 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$491Creditors List
8UnsecuredIRON MOUNTAIN CANADA OPS ULC DBA IRON MOUNTAIN CANADAdebtor: Perativ General Partnership · as of 3 Jul 2023$487Creditors List
8UnsecuredTELSCO SECURITY SYSTEMS INCdebtor: Perativ General Partnership · as of 3 Jul 2023$473Creditors List
8UnsecuredXEROX CANADA LTD · in 22 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$462Creditors List
8UnsecuredMUCCI FARMS LTDdebtor: Perativ General Partnership · as of 3 Jul 2023$413Creditors List
8UnsecuredAIMAN ABUNUWARAdebtor: Perativ General Partnership · as of 3 Jul 2023$411Creditors List
8UnsecuredALEXANDRE BEAULIEUdebtor: Perativ General Partnership · as of 3 Jul 2023$402Creditors List
8UnsecuredWASTE CONNECTIONS OF CANADA INC · in 10 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$378Creditors List
8UnsecuredMULDOON'S OWN · in 2 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$374Creditors List
8UnsecuredWELKE CUSTOMS BROKERS USA INCdebtor: Perativ General Partnership · as of 3 Jul 2023$357 USDCreditors List
8Unsecured9338-9716 QUEBEC INCdebtor: Perativ General Partnership · as of 3 Jul 2023$344Creditors List
8UnsecuredDENNIS SCHMIDTdebtor: Perativ General Partnership · as of 3 Jul 2023$315Creditors List
8UnsecuredSASKATCHEWAN HOTEL & HOSPITALITY ASSOCIATIONdebtor: Perativ General Partnership · as of 3 Jul 2023$289Creditors List
8UnsecuredBIDDINGO.COM · in 4 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$283Creditors List
8UnsecuredQUEST INTERNATIONALdebtor: Perativ General Partnership · as of 3 Jul 2023$265Creditors List
8UnsecuredRI-GO LIFT TRUCK LTD · in 2 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$250Creditors List
8UnsecuredDYLANICO SUPPLIES INCdebtor: Perativ General Partnership · as of 3 Jul 2023$221Creditors List
8Unsecured51 ST PAUL INC.debtor: Perativ General Partnership · as of 3 Jul 2023$200Creditors List
8UnsecuredENMAX · in 61 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$175Creditors List
8UnsecuredAMANDA TOWNSENDdebtor: Perativ General Partnership · as of 3 Jul 2023$147Creditors List
8UnsecuredKHALID CHAHIDdebtor: Perativ General Partnership · as of 3 Jul 2023$117Creditors List
8UnsecuredENERGIR · in 26 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$103Creditors List
8UnsecuredVINAYAK TRADING INCdebtor: Perativ General Partnership · as of 3 Jul 2023$98Creditors List
8UnsecuredENBRIDGE CONSUMERS GAS · in 16 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$97Creditors List
8UnsecuredCaf-Caf inc.debtor: Perativ General Partnership · as of 3 Jul 2023$86Creditors List
8UnsecuredIDENTICARDdebtor: Perativ General Partnership · as of 3 Jul 2023$80Creditors List
8UnsecuredPATRICK KIMMITTdebtor: Perativ General Partnership · as of 3 Jul 2023$80Creditors List
8UnsecuredNisarg Joshidebtor: Perativ General Partnership · as of 3 Jul 2023$78Creditors List
8UnsecuredM.B.B.M. CORPORATIONdebtor: Perativ General Partnership · as of 3 Jul 2023$68Creditors List
8UnsecuredKYLE FREEMANdebtor: Perativ General Partnership · as of 3 Jul 2023$63Creditors List
8UnsecuredSanketkumar Pateldebtor: Perativ General Partnership · as of 3 Jul 2023$53Creditors List
8UnsecuredWALMART · in 7 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$40Creditors List
8UnsecuredSODEXOdebtor: Perativ General Partnership · as of 3 Jul 2023$31Creditors List
8UnsecuredMINISTER OF FINANCE-SASKATCHEWAN REVENUE DIVISIONdebtor: Perativ General Partnership · as of 3 Jul 2023$21Creditors List
8UnsecuredCULLIGAN WATER · in 31 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$17Creditors List
8UnsecuredRevenu Quebec · in 12 casesListed as ordinary unsecured amount, not identified as deemed-trust class in this document — debtor: Perativ General Partnership · as of 3 Jul 2023$7Creditors List
8UnsecuredSUPERIEUR PROPANE · in 5 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$6Creditors List
8UnsecuredCENTRE 200debtor: Perativ General Partnership · as of 3 Jul 2023$2Creditors List
8UnsecuredMcDougall Gauley LLP · in 4 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$1Creditors List
8UnsecuredW LAW LLPdebtor: Perativ General Partnership · as of 3 Jul 2023$1Creditors List
8UnsecuredBreezeMaxWeb (CA) Ltd.debtor: Perativ General Partnership · as of 3 Jul 2023$1Creditors List
8UnsecuredSTAGNITO PARTNERS CANADA INCdebtor: Perativ General Partnership · as of 3 Jul 2023$1Creditors List
8UnsecuredCHAPPELL PARTNERS LLPdebtor: Perativ General Partnership · as of 3 Jul 2023$1Creditors List
8UnsecuredCOX & PALMER · in 11 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$1Creditors List
8UnsecuredSilva Studiodebtor: Perativ General Partnership · as of 3 Jul 2023$1 USDCreditors List
8UnsecuredJPINTOADVISORY INCdebtor: Perativ General Partnership · as of 3 Jul 2023$1Creditors List
8UnsecuredVIDEOTRON · in 16 casesdebtor: Perativ General Partnership · as of 3 Jul 2023$1Creditors List
8UnsecuredO'CHIESE FIRST NATIONS BUSINESS CENTREdebtor: Perativ General Partnership · as of 3 Jul 2023$1Creditors List
8UnsecuredATMIAdebtor: Perativ General Partnership · as of 3 Jul 2023$1 USDCreditors List
8UnsecuredCOMPLEXE SPORTIF CHAMBLY INC.Negative balance as reported — debtor: Perativ General Partnership · as of 3 Jul 2023$-54Creditors List
8UnsecuredPITNEY BOWES · in 41 casesNegative balance as reported — debtor: Perativ General Partnership · as of 3 Jul 2023$-960Creditors List
Sale processAs stated in the filings

Approval pendingMonitor supports the Proposed TransactionsSecond Report of the Monitor on the Business and Financial Affairs of… · 24 Aug 2023

Documents
16 filings
DateDocumentFile
Notice of bankruptcy and first meeting of creditorsPDF
Approval and Vesting Order of Perativ General Partnership, Perativ Holdings Limited, Perativ Partnerco Limited and Saratoga ATM Armored Services Inc. AssetsPDF
Approval and Vesting Order of Perativ Solutions Inc. AssetsPDF
Judgment on the Issuance of Approval and Vesting Orders and of Second Amended and Restated Initial OrderPDF
Second Amended and Restated Initial OrderPDF
Application for the Issuance of Approval and Vesting Orders and of Second Amended and Restated Initial OrderPDF
Second Report of the Monitor on the Business and Financial Affairs of the Debtor Companies
  • Process results 3 LOIs
  • Sale outcome Approval pending — Monitor supports the Proposed Transactions
PDF
Service list
  • Counsel Nowak MLT Aikins LLP
PDF
Amended and Restated Initial OrderPDF
Amended Application for the Issuance of an Initial Order and an Amended and Restated Initial Order
  • Applicant Bank of Montreal
  • Appointee PricewaterhouseCoopers Inc.
  • Appointee role monitor
  • Commencement date 29 June 2023
  • + 4 more extracted facts
PDF
First Report of the Monitor on the Business and Financial Affairs of the Debtor CompaniesPDF
Notice to creditors of the Initial OrderPDF
Creditors List
  • Secured creditors $6.46M · Note: From Creditors List as at July 3, 2023 · Page: 3 · As of: 2023-07-03 · Debtor: Perativ General Partnership/Perativ Holding Limited · Creditor: BUSINESS DEVELOPMENT BANK OF CANADA
  • Unsecured creditors $2 · Page: 1 · As of: 2023-07-03 · Basis: Creditors List as at July 3, 2023 · Debtor: Perativ General Partnership · Creditor: CENTRE 200
PDF
First Initial Order
  • Applicant Bank of Montreal
  • Appointee PricewaterhouseCoopers Inc.
  • Appointee role Monitor
  • Commencement date 3 July 2023
  • + 4 more extracted facts
PDF
Application for the Issuance of an Initial Order and an Amended and Restated Initial Order
  • Applicant BANK OF MONTREAL
  • Appointee PRICEWATERHOUSECOOPERS INC.
  • Appointee role Proposed Monitor
  • Court S U P E R I O R C O U R T
  • + 3 more extracted facts
PDF
Report of the Proposed Monitor on the Business and Financial Affairs of the Debtor CompaniesPDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Perativ General Partnership, Perativ Holdings Limited, Perativ Solutions Inc., Perativ Partnerco Limited and Saratoga ATM Armored Services Inc” (CCAA), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/perativ-general-partnership-perativ-holdings-limited-perativ-solutions-inc-perat

Sources last checked · summary updated 5 September 2026 · Report a correction · Printed from proceedings.ca/case/perativ-general-partnership-perativ-holdings-limited-perativ-solutions-inc-perat

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.