1839537 Ontario Ltd., formerly known as Reactor Engineering Group Ltd.
- Proceeding
- NOIsubsection 50.4(9) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
- File
- CV-26-00035949-0000
1839537 Ontario Ltd., formerly known as Reactor Engineering Group Ltd., filed a Notice of Intention to Make a Proposal dated December 16, 2025, commencing proceedings under the Bankruptcy and Insolvency Act in Ontario. The record identifies subsection 50.4(9) of the Act as the statutory basis and the Ontario Superior Court of Justice as the court seized of the matter. The proceeding remains active, with the December 16 notice the only step recorded to date.
The court granted an approval and vesting order for the sale to ATMIS Protective Equipment Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Proposal Trustee's Certificate to Reactor and the Purchaser.
Source: Approval and Vesting Order
The officer filed report no. Fourth Report of the Proposal Trustee. The Company continues to operate and fulfill existing customer orders while pursuing a sale of substantially all its business and assets to the stalking horse bidder (ATMIS), having experienced a liquidity crunch requiring additional DIP and secured promissory note funding.
The officer filed report no. Third Report. The Company continues to operate while conducting a court-supervised sales process (stalking horse/auction) for its business and assets, funded by DIP financing, while pursuing SRED tax credit claims and seeking a further extension of the stay of proceedings to file a proposal.
The court approved a sale and investment solicitation process. A bid deadline of 2026-03-12.
Source: Sale Process Order
The court approved a sale and investment solicitation process. A bid deadline of 2026-03-19.
Source: Sale Process - Revised Timeline
Debtor
1839537 Ontario Ltd., formerly known as Reactor Engineering Group Ltd.
Proposal trustee
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Mitchell | Ontario Superior Court of Justice | 2 orders, Jan 2026 | 9 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeBDO | Aird & Berlis LLP | 6 Jan 2026 | Service list · 6 Jan 2026 |
| Debtor1839537 Ontario Ltd., formerly known as Reactor Engineering Group Ltd. | Borden Ladner Gervais LLP | 6 Jan 2026 | Service list · 6 Jan 2026 |
| CreditorR eactor Engineering Group Ltd | Borden Ladner Gervais LLP | 30 Jan 2026 | Order · 30 Jan 2026 |
| CreditorWoolly Mammoth Outerwear Inc | Blake, Cassels & Graydon LLP | 6 Jan 2026 | Service list · 6 Jan 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 985 casesas of NOI filing date (December 16, 2025) — Deemed trust class - payroll source deduction arrears, approximate amount as at NOI date; Company requested CRA transfer ~$307,000 from corporate tax refund to satisfy this arrears on Dec 17, 2025 — debtor: Reactor Engineering Group Ltd. o/a Harbour Technologies | $307K | First Report of the Proposal Trustee |
| 3 | Deemed trusts (CRA and other) | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
31 more claims in 3 classes The stack holds Deemed trusts (CRA and other), PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans3 transactions · 2 approved · 1 proposed — Sale Process approved with Stalking Horse Agreement as minimum bid; auction to proceed if Superior Bid receivedFourth Report of the Proposal Trustee · 13 Apr 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| ATMIS Protective Equipment Inc.Stalking horsethe Company's business and assets (the 'Property') · asset sale · agreement 23 Jan 2026 | Subscribers | Proposed | Sale and Investment Solicitation Process |
| ATMIS Protective Equipment Inc.Stalking horsethe Stalking Horse Agreement · asset sale · agreement 29 Jan 2026 | Subscribers | Approved | Fourth Report of the Proposal Trustee |
| ATMIS Protective Equipment Inc.Stalking horsethe Purchased Assets described in the Sale Agreement · asset sale · agreement 10 Apr 2026 | not stated | Approved17 Apr 2026outside 15 Apr 2026 | Approval and Vesting Order |
Unsecured creditors: a distribution.EstimatedFourth Report of the Proposal Trustee · 13 Apr 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | unsecured creditors forming Excluded Liabilities | estimated | vs. in a bankruptcyconditional | Estimatedper the proposal trustee | Fourth Report of the Proposal Trustee · 13 Apr 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
3 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans5 engagements · 2 firms — latest: Aird & Berlis LLP, 17 Feb – 31 Mar 2026, incl. taxFourth Report of the Proposal Trustee · 13 Apr 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Aird & Berlis LLPCounsel to the trusteeperiod 4 of 4 | 17 Feb – 31 Mar 2026 | — | Fourth Report of the Proposal Trustee · 13 Apr 2026 | ||
| Aird & Berlis LLPCounsel to the trusteeperiod 3 of 4 | 16 Jan – 15 Feb 2026 | — | Fourth Report of the Proposal Trustee · 13 Apr 2026 | ||
| Aird & Berlis LLPCounsel to the trusteeperiod 1 of 4 | 18 Dec 2025 – 15 Jan 2026 | — | Second Report of the Proposal Trustee · 27 Jan 2026 | ||
| Aird & Berlis LLPCounsel to the trusteeperiod 1 of 4 | — | — | — | Fourth Report of the Proposal Trustee · 13 Apr 2026 | |
| BDO Canada LimitedProposal trustee | — | — | — | Fourth Report of the Proposal Trustee · 13 Apr 2026 |
8 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansCumulative disbursements
$218K
As at 13 Apr 2026Fourth Report of the Proposal Trustee
Cash on hand
As at
Professional fees
As at
2 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Proposal Trustee's Certificate | PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Factum
| PDF · Subscribers | |
Fourth Report of the Proposal Trustee
| PDF · Subscribers | |
Third Report of the Proposal Trustee
| PDF · Subscribers | |
| Non-Disclosure Agreement | PDF · Subscribers | |
Ancillary Order
| PDF · Subscribers | |
Factum - Stay Extension and SISP Approval
| PDF · Subscribers | |
Sale Process - Revised Timeline
| PDF · Subscribers | |
Sale Process Order
| PDF · Subscribers | |
Sale and Investment Solicitation Process
| PDF · Subscribers | |
| Amended Stalking Horse Asset Purchase Agreement | PDF · Subscribers | |
Supplemental Affidavit of A. Glover
| PDF · Subscribers | |
Second Report of the Proposal Trustee
| PDF · Subscribers | |
Motion Record
| PDF · Subscribers | |
| Endorsement | PDF · Subscribers | |
Order
| PDF · Subscribers | |
| Endorsement of K. McCabe A.J. | PDF · Subscribers | |
Factum - Stay Extension, DIP Approval
| PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Motion Record – Stay Extension and DIP Approval
| PDF · Subscribers | |
NOI Notice – Notice to the Creditors
| PDF · Subscribers | |
| Certificate for the Notice of Intention | 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., “1839537 Ontario Ltd., formerly known as Reactor Engineering Group Ltd.” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/reactor-engineering-group-ltd-o-a-harbour-technologies