Experience

Court-appointed Receiver of a 110-unit residential apartment building located in Ottawa, Ontario which involved the remediation, operation and successful sale of the property.

Court-appointed Receiver of a 30-unit condominium project in Port Severn, Ontario involving the completion of construction and sale of condominium units.

Court-appointed Interim Receiver of a medical centre in Port Hope, Ontario which involved remediation of the property, and renewing and negotiating new leases to restore the building’s occupancy.

Advisor to Lending Syndicate with respect to a portfolio of profitable condominium projects which were cross-collateralized with an underperforming business unit. Performed due diligence on the viability and sustainability of the projects including analyzing budgeted cash surpluses, monitoring project progress, investigating and reporting of significant variances from plan and facilitating cost and cash surplus sharing arrangements between the lenders.

Court-appointed Receiver of a multi-phase housing project geared towards seniors located in Ottawa, Ontario.

Court appointed Receiver of land held for development located in Markham, Ontario.

Court-appointed Receiver for the sale of a newly constructed but unfinished medical building with dozens of units intended to be registered as a commercial condominium corporation.

Advisor to Lender concerning a national engineering and construction services firm which involved a financial position assessment, recalculation of significant margin deficits and identification of a significant overstatement of receivables and WIP, and advising on and an out-of-court going concern sale to a larger industry participant.

Advisor to Lending Syndicate concerning an international engineering and architectural firm which involved a detailed review of collateral and margin position, identification of a significant overstatement of receivables leading to financial restatement, and the implementation of a monitoring program to facilitate a successful recapitalization and out-of-court restructuring.

Advisor to Lending Syndicate concerning a major public road maintenance services entity, which involved an evaluation of the CCAA debtor restructuring plan, coordination of appraisal and inspection of fleet and equipment across Canada, negotiations with stakeholders, and successful refinancing.

Advisor to Lender concerning a large new construction flooring provider in Ontario which involved an independent business review, monitoring and providing strategic advice to the Lender, which ultimately resulted in a successful refinancing of the Lender’s loans.

Advisor to Lender concerning a large construction subcontractor located in the GTA which involved a forensic review, cash flow and margin forecasting, and monitoring.

Court-appointed Receiver for the sale of luxury residential property owned by a testamentary estate.
Court-appointed Receiver and Manager of a 12-storey mixed use building located in Toronto comprised of life lease residential units and a 60-bed long-term care facility. The receivership involved the successful conversion of the building to a condominium, discussions and negotiations with diverse stakeholder groups including the cultural community, the Ministry of Long-Term Care, unions, employee groups and management firms, managing litigation against various consultants and engineering firms, preparing budgets for both components of the building; conducting a marketing and sale process and negotiating agreements of purchase and sale and closing transactions for the both the long-term care facility and the condominium units.

Court-appointed Receiver and Manager of a 150-bed long-term care facility located in the Greater Toronto Area involving the operation and successful sale of the facility.

Court-appointed Receiver and Manager of a 250-bed long-term care and retirement facility located in Toronto, Ontario involving the operation and successful operation and, sale of the facility.

Court-appointed Receiver and Manager of a 93-bed long-term care facility in St. Catherines, Ontario involving the operation and successful sale of the facility.

Advisor to Purchaser concerning the successful purchase of a 21 property senior’s housing portfolio with an $1.0 billion enterprise value.
Court-appointed Receiver and Manager of a portfolio of three hotel and resort properties in Ontario involving the operation and successful sale of the portfolio.
Court-appointed Sales Officer of a portfolio of medical diagnostic imaging and radiology clinics in Southwestern Ontario resulting in the successful divestiture of the clinics and transfer of the Ministry of Health issued licences.

Court-appointed Receiver of a pharmacy and specialized dispensary in Ontario involving the operation and successful sale.
Court-appointed Receiver of a manufacturer of components for the aerospace, industrial, and oil & gas industries which involved a successful going concern sale of the business.

Court-appointed Receiver of a manufacturer and distributor of trademark personal care products located in the GTA involving the successful going concern sale of the business.

Advisor to a plastics manufacturer involving a successful restructuring of its debt with its primary lender.

CCAA Monitor of a manufacturer of polyurethane foam products which resulted in a successful sale of the business.

Advisor to Lender concerning a multi-national manufacturer of specialized machinery used in the mining industry which involved a strategic business review, security position analysis and monitoring.

Advisor to Lender concerning a GTA-based food manufacturer which involved a strategic business review and monitoring, followed by a successful sale of the business and full recovery for the Lender.

Advisor to Lending Syndicate regarding a $90 million loan facility to a manufacturing concern in southwestern Ontario which resulted in the successful refinancing and facility payout.
NOI and Proposal Trustee in the successful proposal concerning a manufacturer and service provider of commercial printing presses.

Court-appointed Receiver of a leading printer and shrink sleeve manufacturer– in southwestern Ontario resulting in a successful going concern sale of the business.

Court-appointed Receiver of a manufacturer of customized and graphic intensive labels for a variety of industries and products resulting in a successful going concern sale of the business.
Court-appointed Receiver and Manager of multi-facility manufacturer of injection molded plastic parts resulting in significant recoveries on accounts receivable and inventory from automotive customers. and the successful going concern sale of one facility and an auction agreement for the other facility.

Court-appointed Receiver of an automotive parts manufacturer with operations in Canada involving negotiating numerous settlement and release agreements to facilitate the sale of residual inventory located at third-party warehouses across North America.

Court-appointed Receiver of a car dealership located in Toronto involving the successful negotiation of a repurchase agreement with a global car manufacturer for approximately 50 current year new vehicle inventory and the marketing and sale of remaining 170 vehicles to a regional automotive group.
CCAA Monitor of an Ontario-based 12-location pharmacy chain.

CCAA Monitor of 205-location national clothing chain.

CCAA Monitor of 126-location national department store chain.

Bankruptcy Trustee of a building and construction materials retailer.
Advisor to the Corporate Board of a software supplier which resulted in an out-of-court resolution of a shareholder dispute, recapitalization, management overhaul, and continued operations.

NOI and Proposal Trustee in the successful proposal of a voltage regulation technology provider with operations in Canada and the United States.

Bankruptcy Trustee of a reseller of telecommunications equipment which involved the investigation of complex fraud transactions and transfers at undervalue and included examinations under oath resulting in negotiated settlements and successful court-issued judgments.
Advisor to Lender concerning a commercial fuel distributor which involved assessment of cash flow projections and business plan, recalculated significant margin deficit, assessment of collateral position, review of newly acquired business and integration, and facilitated successful forbearance negotiations for turnaround activities.

Advisor to Lender concerning an assessment of a portfolio of solar projects across Ontario which were the subject to a complex shareholder dispute.

Advisor to Lender concerning an assessment of a regional reseller and installation company of residential solar panels.

Advisor to Lender concerning an assessment of the financial position and operations of a horizontal and directional drilling services firm including, forbearance negotiations, and which resulted in a successful refinancing.
Advisor to Lender concerning a specialized fabricator of refinery components which involved a detailed review of collateral position, operations, and cash flow projections, and the implementation of a monitoring program until the conclusion of a successful refinancing.

Court-appointed Receiver and Manager of a metallurgical coal mine located in Alberta involving stakeholder relations (First Nations, union, regulatory), implementation of environmental programs and projects, development and execution of a Mine Restart Plan, and DIP financing negotiations to fund care & maintenance activities and required CAPEX, with the end result being. a successful sale process and transaction.
NOI and Proposal Trustee in the successful proposal of a Cannabis producer located in the Ottawa area.

Trustee in Bankruptcy of a cannabis producer in Southwestern Ontario.