Tagg Group collapses into bankruptcy after three decades in construction sector

After approximately 30 years in business, on October 24, 2025, Krisro Metal Industries Corp., 975866 Ontario Limited (o/a Tagg Industries) and M&G Steel Ltd. (collectively, the “Tagg Group”) filed assignments in bankruptcy which were accepted by the OSB and became effective on October 27. The TAGG Group was a Canadian construction and building envelope solutions provider that specialized in complex projects by combining its expertise in glazing (TAGG), metal fabrication (KMI), and structural steel (M&G) to offer a comprehensive range of services to the construction industry, from design to installation. The companies were primarily financed by National Bank of Canada which is owed approximately $24 million.

The Tagg Group’s financial difficulties began during Covid-19 which saw increased costs which could not be passed on to fixed priced contracts. Delays and disputes with customers put contract payments into litigation and reduced the companies’ working capital. This strain led to an inability to fund the security needed to obtain bonding which limited the companies’ access to the market. Finally, In 2025, tariffs and market uncertainty reduced demand in the industry which led sales volumes to fall below a sustainable level.

MNP is the bankruptcy trustee. Counsel is Reconstruct for the bankrupt entities, Fasken for National Bank and Loopstra Nixon for the trustee.