Manufacturer and Distributor of Smoke Alarms and Carbon Monoxide Detectors
- Nature of Engagement
- Court Appointed Monitor under a CCAA proceedings, and subsequently appointed as Receiver, of a NASDAQ/TSX listed manufacturer having operations in Ontario, Mexico, the U.S.A, and the U.K.
- Summary of Strategy Employed & Outcome
- We operated the Company for several months and negotiated a going concern sale of the business, resulting in full payment to the major secured creditors of approximately $15 million.