Colabor, a Québec-based food distribution group operating primarily in the distribution and commercialization of food and related products across Eastern Canada, serving hotel, restaurant, institutional, retail, and wholesale customers, completed a court-supervised restructuring and sale of its business under the Companies’ Creditors Arrangement Act (CCAA), preserving continuity of its operations.
On January 8, 2026, the Superior Court of Québec granted an Initial Order under the CCAA in favour of Groupe Colabor inc. and its affiliated applicants Transport Paul-Émile Dubé ltée, Les Pêcheries Norref Québec inc., and Le Groupe Resto-Achats inc. Raymond Chabot inc. was appointed as Monitor, and the Court approved the implementation of a court-supervised Sale and Investment Solicitation Process (SISP).
The SISP concluded on April 27, 2026 with the completion of a series of transactions that preserved the continuity of Colabor’s operations. These included the sale of all outstanding shares of Tout-Prêt Inc. under a court-approved vesting order, and the sale of substantially all of the assets of Colabor and its subsidiaries to an acquisition vehicle backed by Financière Outremont inc., allowing the business to continue serving customers across Québec and the Atlantic provinces.
Stikeman Elliott LLP acted as counsel to Colabor with a team that included Pierre-Yves Leduc, Francis Blais-Lord, Alexandre Di Pisa, Florence Harvey-Hudon, and Kasia Johnson (Restructuring – Corporate); Guy Martel, Nathalie Nouvet, Marjorie Bouchard, Anna Arapovic, and Melis Celikaksoy (Restructuring – Litigation); Frank Mathieu and Antonin Lapointe (Tax); Howard Rosenoff (Banking); Charif El-Khouri, Vincent Lalonde, Serena Fontes, and Audrey Ménard (Employment); Natasha vandenHoven and Philippe Levac (Benefits); David Feldman (Competition); Sara Zborovski (Regulatory); Stéphanie Lapierre and Juliette Regoli (Compliance); Myriam Fortin (Environment); and Jonathan Auerbach and Denise Felsztyna (Intellectual Property). Raymond Chabot inc. acted as Monitor, with Fasken Martineau DuMoulin LLP as its counsel. Borden Ladner Gervais LLP (BLG) acted for the senior secured banking syndicate, comprising The Toronto-Dominion Bank, Bank of Montreal, and The Bank of Nova Scotia, with Deloitte Restructuring Inc. as financial advisor. Norton Rose Fulbright Canada LLP acted for Investissement Québec, a significant unsecured creditor in respect of acquisition financing advanced in connection with the Alimplus transaction.