February 10, 2023

Filing Type:

Company Counsel: MLT Aikins

Trustee: Deloitte

Trustee Counsel: McDougall Gauley



Polar Window of Canada Ltd. et al. (collectively, the "Accurate Group"), a Winnipeg, Manitoba-based group of companies engaged in the supply of window, door and flooring products and services across Canada and the US, obtained CCAA protection on February 10. From March 2020 to July 2021, the owners of the companies embarked on an aggressive acquisition strategy during which they acquired five of the companies. A number of issues arose that negatively impacted operations during this period, including the Covid-19 pandemic and related plant closures, supply chain disruptions, higher input prices, project delays, the resignation of certain senior officers, and a mismatched procurement-to-cash cycle. Deloitte was appointed Monitor. Counsel is MLT Aikins for the Accurate Group, McDougall Gauley for the Monitor; Gowling WLG for TD Bank, the senior secured lender (owed approximately $9.7 million); Fasken for FWCU Capital; Loopstra Nixon for Sallyport Commercial Finance; Ammeter Law Group for Dean Borys and The Dean Borys Family Trust (2018); Thompson Dorfman Sweatman for National Flooring Limited Partnership and 7252359 Manitoba Ltd.; Sugar Law Group for 9859870 Canada Inc. and 11302078 Canada Ltd.; Gange, Collins & Associates for International Union of Painters and Allied Trades, District Council 17; Tapper Cuddy for Omniglass SCT.

By Dina Milivojevic