Ontario · CCAA
Second Report Of The Monitor
Court officer report · 22 October 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing11 verified
- cash on handnote: Actual cash on hand as at end of Reporting Period (ten-week period ending October 10, 2025), per Cash Flow Variance Report table in $000's. · as at: 2025-10-10 · amount: 3736000 · currency: CAD
- disbursementsnote: Total Disbursements for the ten-week Reporting Period (August 2, 2025 to October 10, 2025), in $000's. · since: August 2, 2025 · amount: 22008000 · currency: CAD
- operational summaryThe QM Group continued operating its construction and emergency response businesses through the CCAA proceedings while disclaiming or pausing unprofitable projects, and is now pursuing two going-concern transactions (the HWT Transaction and QM Transaction via a Back-Stop Credit Bid) that together preserve most operations and over 200 jobs.
- process resultsbids: 5 · ndas: 44 · note: 107 Interested Parties solicited, 44 NDAs executed, 5 bids received by Bid Deadline, 3 determined to be Qualified Bids · as of: 2025-10-03 · solicited: 107 · qualified bids: 3
- professional feesnote: Stated as actual disbursement in $000's in Cash Flow Variance Report; budget was $2,239 (000's). · party: QM Group's counsel, the Monitor and the Monitor's counsel (aggregate) · amount: 2071000 · period: August 2, 2025 to October 10, 2025 (Reporting Period) · currency: CAD
- purchaserWeShall Investments Inc.; 1001367859 Ontario Inc.
- receipts cumulativenote: Actual receipts for the ten-week Reporting Period (August 2, 2025 to October 10, 2025), in $000's. · since: August 2, 2025 · amount: 17908000 · currency: CAD
- report date22 October 2025
- report noSecond Report
- sale outcometext: two non-overlapping Qualified Bids, being the improved HWT Bid and the Back-Stop Credit Bid, represented the highest and best bids · scope: whole_business · status: pending_approval
- stalking horseWeShall Investments Inc.