Frigid is an established commercial fleet services business with longstanding customer relationships and a history of providing integrated leasing, rental, maintenance and repair services. See Frigid’s website: www.frigidrentals.com.
On October 16, 2026, Frigid filed a Notice of Intention to Make a Proposal (“NOI”) pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada), and Ernst & Young Inc. was appointed as Proposal Trustee (the “Proposal Trustee”).
To advance Frigid’s restructuring efforts, the Proposal Trustee subcontracted EY-Parthenon Corporate Finance Inc. and its affiliate, EY-Parthenon BD Inc. to conduct an initial solicitation of interest in Frigid’s business and assets. This initial solicitation will form part of a sale and investment solicitation process (the “SISP”), for which Court approval is expected to be sought on or about November 26, 2026.
All qualified interested parties will be provided with an opportunity to participate in the SISP. The SISP aims to solicit interest in an acquisition or refinancing of the business, or a sale of the assets and/or business of Frigid, through various means such as merger, reorganization, recapitalization, primary equity issuance, or other similar transactions.
The tentative deadline to submit a non-binding letter of intent is no later than 5:00 PM (Toronto Time) December 7, 2026.
Those who are interested in participating in this SISP can contact the Proposal Trustee to receive additional information. Copies of the SISP, which remains subject to Court approval, material updates, and other documents related to the NOI proceedings may be obtained from the Proposal Trustee’s case website: www.ey.com/ca/frigidrentals.
Should you have any general questions, please contact the Proposal Trustee at:
Email: [email protected]
Hotline: 1-888-338-1758 (North America only) or 416-943-4467
DATED at Toronto this 9th day of November, 2026.
