JBT Transport Inc. et al., NOI

JBT Transport Inc. et al. (the “JBT Group”), Ontario-based end-to-end transportation companies serving customers across North America, filed an NOI on January 24.

In February 2022, the JBT Group expanded its business by acquiring various entities to allow it to expand its services. Unfortunately, shortly after the expansion, in September 2022, market conditions declined and the companies faced a significant downward trend in their cross-border transportation operations.

Commencing in December 2023, the companies attempted to improve their lending relationship with TD Bank and repaid a significant amount of the debt owed. However, TD Bank, still owed about $16.2 million in December 2024, demanded repayment in full. As a result, the companies filed an NOI to conduct a SISP while maintaining going concern operations in an attempt to safeguard employment for 83 full-time employees and preserve value for stakeholders.

Dodick Landau is the proposal trustee.

Counsel is Reconstruct for the JBT Group.