SHR Carrier Inc. et al., Ontario-based companies in the trucking and vehicle repair industries which own a commercial property in Mississauga were placed into receivership, on May 23 on application by RBC, owed approximately $7 million.

RBC demanded on its loan in November 2024. The parties subsequently entered into a forbearance agreement that required the companies to meet certain conditions, which they failed to do.

msi Spergel Inc. is the receiver.

Counsel is Aird & Berlis for RBC.