Ontario · Receivership (court-appointed)
First Report of the Receiver dated August 4, 2026
Court officer report · 4 August 2026
What we verified from this filing7 verified · 1 withheld
- secured creditorsnote: Amount of NBC's secured claim not stated. Pursuant to the Receivership Order, NBC elected to repossess its Equipment and made required payments to the Receiver, but as of the Report date had not taken steps to repossess; required to deliver an accounting of realization efforts and remit any equity to the Receiver. · page: 5 · debtor: the Companies · creditor: National Bank of Canada (NBC) · currency: CAD · security: First-ranking security interest in certain of the Companies' Equipment
- secured creditorsnote: Amount not stated. Equipment subject to TD Bank's security was excluded from these proceedings and TD Bank was permitted to repossess its collateral; TD Bank required to provide an accounting from its realization efforts and pay over to the Receiver any equity recovered. · page: 5 · debtor: the Companies · creditor: The Toronto-Dominion Bank (TD Bank) · currency: CAD · security: First-ranking security interest in certain of the Companies' Equipment
- secured creditorsnote: Amount not stated. Receiver's counsel has not yet confirmed validity/enforceability of Wells Fargo's security (opinion pending as of Report date); Receiver to advise Court of its review at the return of the motion, and will either permit repossession or have the equipment sold with proceeds distributed to Wells Fargo. · page: 6 · debtor: the Companies · creditor: Wells Fargo · currency: CAD · security: Security interest in one piece of Equipment
- secured creditorsnote: Exact balance per affidavit sworn May 15, 2026 supporting BMO's receivership application (p.9); a rounder prose figure of 'approximately $18.5 million as at May 12, 2026' is also stated (p.4), plus fees, interest and costs continuing to accrue. BMO also funded $157,450 (net) under the Receiver's Borrowing Charge, a post-filing financing charge, not part of the pre-filing BMO Indebtedness (p.9). Receiver's counsel (Aird & Berlis LLP) opined that BMO's security is valid and enforceable, subject to customary assumptions/qualifications (p.10). · page: 9 · as of: at the time these proceedings commenced · amount: 18498786.3 · debtor: Adriel Ortino Corp., ADD Equipment Corp., Aden Disposal Corp., AE3 Excavating Corp., AEON Landscaping Corp., All Seasons Gardening & Maintenance Ltd., Anthony's Excavating and Grading Ltd., HC & C Contracting Inc., and Shilson Excavation & Trucking Inc. (the Companies) · creditor: Bank of Montreal (BMO) · currency: CAD · security: General Security Agreements (GSAs) over substantially all of the Companies' personal property; PPSA (Ontario) financing statement registrations against each of the Companies and certain Equipment
- process resultsbids: 5 · as of: 2026-07-16 · solicited: 8
- purchaserInfinity Asset Solutions Inc.
- sale advisorInfinity Assets Solutions Inc.
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.