Spectra Premium Mobility Solutions Canada Ltd and Spectra Premium Mobility Solutions USA, LLC
Follow- Proceeding
- CCAACOMPANIES' CREDITORS ARRANGEMENT ACT, R.S.C., 1985, C. C-36
- File
- 505-11-019121-263
- Industry
- Manufacturing · Vehicles, parts & aerospace
Spectra Premium Mobility Solutions Canada Ltd. / Solutions de Mobilité Spectra Premium Canada Ltée and Spectra Premium Mobility Solutions USA, LLC obtained an initial order under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, on September 30, 2026, from the Superior Court of Québec, Commercial Division, under court file no. 505-11-019121-263. Ernst & Young Inc. was appointed Monitor. The proceedings, which cover both the Canadian and the United States applicant entities, remain active.
Interim order extended the stay of proceedings, which was to expire that day, to October 13, 2026.
Source: Extension of the Stay of Proceedings Order, until and including October 13, 2026
Monitor's First Report recorded the SISP launch on October 2, 2026 with EY Capital Transformation, 152 potential bidders solicited, and three-week receipts of $8,352,000 against disbursements of $5,420,000, ending cash $129,000.
Source: First Report of the Monitor
Companion approval of the SISP Procedures, before Justice Janet Michelin, authorized Ernst & Young Inc. with the debtors to run the solicitation; no bids had been received.
Court approved a sale and investment solicitation process covering the debtors, their business and assets, with Phase 1 non-binding letters of intent due October 30, 2026 and Phase 2 binding offers due December 3, 2026.
Source: SISP sale and Investment Solicitation Process Order, including Procedures for SISP
Initial order granted, placing both Spectra Premium applicants under CCAA protection in the Superior Court of Québec and appointing Ernst & Young Inc. as Monitor.
Source: Initial Order
Application for the Issuance of an Initial Order and a Sale and Investment Solicitation Process Order — Sale process approval order
Filing brief
Spectra Premium: a second CCAA in six years, and no stalking horse
The Boucherville fuel-tank and auto-parts business Turnspire bought out of its first CCAA in 2021 is back under court protection, with no stalking horse, authority to borrow up to C$8 million from its Wells Fargo–CIBC lenders, a C$710,000 retention plan and a sale process aimed at a January 2027 closing.
Debtor
Spectra Premium Mobility Solutions Canada Ltd and Spectra Premium Mobility Solutions USA, LLC
Monitor
EY
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Wells Fargo · in 15 casesEntry S-1 on preliminary list of known creditors, 'without admission as to liability'. Estimated debt; USD amounts converted to CAD at 1.4188 (Note 1). Security type not stated on the list. — debtor: Solutions de Mobilité Spectra Premium Canada Ltée / Spectra Premium Mobility Solutions Canada Ltd. · as of 29 Sep 2026 | $29.9M | List of Creditors, as at September 29th, 2026 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
14 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 — Formal sale and investment solicitation process (SISP) launched by the court-appointed Monitor, in whole or in part, in one or separate transactions; court approval of the SISP scheduled for September 30, 2026, with closing targeted for January 14, 2027.Acquisition Opportunity · 13 Oct 2026
As at ·
Cumulative receipts
$8.35M
As at 9 Oct 2026First Report of the Monitor
Cumulative disbursements
As at
Cash on hand
As at
2 more reported figures, and 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 |
|---|---|---|
Acquisition Opportunity
| PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
Extension of the Stay of Proceedings Order, until and including October 13, 2026
| PDF · Subscribers | |
First Report of the Monitor
| PDF · Subscribers | |
Minutes of the October 9th, 2026 Hearing
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
Minutes of the September 30th, 2026 Hearing (in French)
| PDF · Subscribers | |
SISP sale and Investment Solicitation Process Order, including Procedures for SISP
| PDF · Subscribers | |
List of Creditors, as at September 29th, 2026
| PDF · Subscribers | |
Report of the Proposed Monitor
| PDF · Subscribers | |
| Service List | PDF · Subscribers | |
Application for the Issuance of an Initial Order and a Sale and Investment Solicitation Process Order
| 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., “Spectra Premium Mobility Solutions Canada Ltd and Spectra Premium Mobility Solutions USA, LLC” (CCAA), Superior Court of Québec. Retrieved 16 October 2026, https://proceedings.ca/case/spectra-premium-mobility-solutions-canada-ltd-and-spectra-premium-mobility-solut