February 14, 2023
Global HVAC & Automation Inc., a Vaughan, Ontario-based company that installed HVAC, sprinkler and gas systems for residential, retail and office spaces, filed an assignment in bankruptcy on February 14, 2023, listing over $40 million in liabilities. Lack of liquidity made it difficult for the company to manage projects, sub-trades and a unionized labour force on a profitable basis. Grant Thornton is the Bankruptcy Trustee.
By Dina Milivojevic