On July 29, 2025 (the “Filing Date”), QM GP Inc. (“QM GP”) and Highpoint Environmental Services Inc. (“Highpoint”) (together, “QME” or the “Applicants”) made an application to the Ontario Superior Court of Justice (Commercial List) (the “Court”) and were granted an order (the “Initial Order”) pursuant to the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”).

The Initial Order, among other things: (i) declares that the Applicants are debtor companies to which the CCAA applies, extending the protections, authorizations, restrictions, and benefits of the Initial Order and the CCAA to QM LP, QMF LP, TWT LP, and Quantum Holdings LP (collectively, the “Non-Applicant Related Parties” and together with the Applicants, the “QM Group”); and (ii) provides for a stay of proceedings in favor of the QM Group.

Pursuant to the Initial Order, Alvarez & Marsal Canada Inc. was appointed as monitor (the “Monitor”) of the business and financial affairs of the Applicants.

Lien Regularization Order

On July 29, 2025, the Court granted the Lien Regularization Order (the “LRO”). Among other things, the LRO establishes a streamlined Court supervised process, administered by the Monitor, to replace the process typically utilized by lien claimants’ to preserve and perfect a lien under the Provincial Lien Legislation (as defined in the LRO).  A copy of the LRO can be found here.

The LRO is applicable for Continuing QM Projects (as defined in the LRO) only. The list of Continuing QM Projects can be found here.

Any Person who wishes to assert a Lien Claim (as defined in the LRO) in respect of a Continuing QM Project, whether in respect of materials and/or services supplied before or after the Filing Date shall deliver by email a Lien Notice in the form attached to the LRO as Schedule “C”.

The form of Lien Notice can be found here. Lien Notices must be sent by email to the following: jnevsky@alvarezandmarsal.com; nfennema@alvarezandmarsal.com; carmstrong@goodmans.ca; eaxell@goodmans.ca; skour@reconllp.com; cfell@reconllp.com; nrambaran@reconllp.com

Sale and Investment Solicitation Process

On August 7, 2025, the Court granted the SISP Approval Order, approving a sale and investment solicitation process (the “SISP”). The SISP has been designed to solicit interest in and opportunities for one or more transactions in respect of QME’s assets, business and/or individual business units, including but not limited to the: (i) construction business, and the individual project contracts included therein; (ii) emergency response business; (iii) Hamilton waste transfer station; and (iv) other assets and/or groups of assets.

More information about the SISP can be found here.

The Teaser Letter can be found here.

Bidders must submit their Bid to the Monitor no later than 5:00 p.m. (Eastern Time) on September 25, 2025 (the “Bid Deadline”).

Interested Parties who wish to participate in the SISP must provide the Monitor with an executed Non-Disclosure Agreement. Please contact the Monitor for additional information regarding the SISP and for a copy of the Non-Disclosure Agreement.