SmartONE Solutions Inc.
- Proceeding
- Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CL-25-00753612-0000
SmartONE Solutions Inc. entered court-appointed receivership on December 11, 2025, on the application of Bell Canada, whose security rests on a Collaboration Agreement and General Security Agreement dated June 30, 2020. The Ontario Superior Court of Justice proceeding was brought under BIA s. 243 and the provincial Judicature Acts. Other secured creditors include BDC Capital Inc. ($2,100,000), Bank of Nova Scotia ($603,367), Eastern Community Futures Development Corporation ($468,752) and Steelcase Financial Services Ltd. ($8,056.44); Bell's own claim amount is not yet quantified. Book-value assets are recorded at $1,439,099.14 in accounts receivable, with inventory still to be valued. The unsecured creditor list runs to well over a hundred entries, including CRA's HST deemed-trust claim of $1,117,307, CBSA at $177,987.14, and landlord Bayview Hills Corporate-Metrus at $145,290.49.
Approved the asset sale to Navicomm Inc. under a purchase agreement dated August 21, 2026, vesting effective on delivery of the Receiver's Certificate; 49 parties were solicited and one qualified bid received.
Approved the Receiver's sale process for the business, with PricewaterhouseCoopers Inc., LIT acting as sale agent and no stalking horse bid in place.
Source: Sale Process Order
Supplement to the First Report filed, supporting the Receiver's motion returnable the following day for approval of a sale process covering the whole business.
The officer filed report no. First Report. The Receiver has stabilized SmartONE's operations, prioritizing completion of Bell Escalated Projects and servicing of In-Service Buildings, while pausing work on Non-Escalated Projects due to funding constraints, and is now pursuing a formal sale process for the business as a going concern.
Source: First Report of the Receiver
Motion Record of the Receiver (re Sale Process Order, Order Approving Receiver Borrowing Increase and Activities to Date) — Application / notice of application
Appointed PricewaterhouseCoopers Inc. receiver and manager over SmartONE's property under subsection 243(1) of the BIA and section 101 of the Courts of Justice Act.
Source: Receivership Order
Bell Canada's application for the appointment of a receiver under BIA s. 243 was filed, commencing the Ontario Superior Court proceeding.
Source: Notice of Application
Case update
SmartONE: the buyer is the company that made the hardware
Bell Canada put its smart-building partner into receivership last December to keep door locks and wall pads working in 14,954 occupied condo units. Nine months, $5,550,000 in receiver's borrowings and a sale process with one qualified bid later, PwC has signed a deal with a consortium of Korean-listed companies that includes SmartONE's sole hardware supplier. The price is sealed; one condition of closing is that Bell take equity in the buyer.
Debtor
SmartONE Solutions Inc.
Applicant
Bell Canada
Receiver
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dunphy | Ontario Superior Court of Justice | 3 orders, Sep 2026 | 93 cases on record |
| Justice Myers | Ontario Superior Court of Justice | 3 orders, Dec 2025 | 117 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverPwC | Blake, Cassels & Graydon LLP | 25 May 2026 | Factum · 25 May 2026 |
| ApplicantBell Canada | Reconstruct LLP | 11 Dec 2025 | Order · 11 Dec 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | BDC Capital Inc. · in 34 casesApproximate amount owed per Company's books and records and PPSA registrations. — debtor: SmartONE Solutions Inc. · as of 11 Dec 2025 | $2.1M | Notice and Statement of the Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
188 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale process approved — Successful Bid Selection Deadline being extended to no later than August 19, 2026Pursuant to the Sale and Investment Solicitation Process (“ SISP ”),… · 28 May 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Navicomm Inc.the Debtor's right, title and interest in and to the assets described in the Purchase Agreement (the 'Purchased Assets') · asset sale · agreement 21 Aug 2026 | not stated | Closed25 Sep 2026outside 28 Aug 2026 | Receiver's Certificate (re Closing Transaction) |
As at ·
Cumulative receipts
$10.8M
As at 21 May 2026First Report of the Receiver
Professional fees
As at
1 more reported figure, and the total 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 |
|---|---|---|
Receiver's Certificate (re Closing Transaction)
| PDF · Subscribers | |
Endorsement of Justice Dunphy Sep 17'26
| PDF · Subscribers | |
Order (Approval and Vesting Order) Sept 17'26
| PDF · Subscribers | |
Order (Distribution Sealing and Approving Activities) Sept 17'26
| PDF · Subscribers | |
SUPPLEMENTARY MOTION RECORD OF THE RECEIVER (Approval and Vesting Order, Assignment Order, and Order (Distribution, Sealing and Approving Activities)) Returnable September 17, 2026
| PDF · Subscribers | |
Factum of the Receiver
| PDF · Subscribers | |
MOTION RECORD OF THE RECEIVER (Approval and Vesting Order, Assignment Order, and Order (Distribution, Sealing and Approving Activities)) Returnable September 17, 2026
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
Endorsement of J. Conway
| PDF · Subscribers | |
| Order (approving Receiver’s activities and increase to the Receiver’s Borrowing Charge) | PDF · Subscribers | |
Pursuant to the Sale and Investment Solicitation Process (“ SISP ”), approved by the Court on May 28, 2026, the deadline for the selection of a successful bid has been extended to August 19, 2026. The updated SISP letter with the updated deadlines is available here .
| PDF · Subscribers | |
Sale Process Order
| PDF · Subscribers | |
Supplement to First Report of the Receiver
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Factum of the Receiver (re Sale Process, etc.)
| PDF · Subscribers | |
| Motion Record of the Receiver (re Sale Process Order, Order Approving Receiver Borrowing Increase and Activities to Date) | PDF · Subscribers | |
List of Unsecured Creditors
| PDF · Subscribers | |
Notice and Statement of the Receiver
| PDF · Subscribers | |
Notice of Change of Lawyer - BDC Capital Inc.
| PDF · Subscribers | |
| Suppliers FAQs | PDF · Subscribers | |
| Application Record | PDF · Subscribers | |
Endorsement of J FL Myers (full)
| PDF · Subscribers | |
Endorsement of J. Myers
| PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| here | 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., “SmartONE Solutions Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/smartone-solutions-inc