For years, dozens of social housing units managed by the Toronto Community Housing Corporation (TCHC) in the Ontario metropolis have been waiting for renovations. Their tenants, most of whom are elderly, are anxiously waiting for air conditioning or simply adequate windows.
The contract was awarded in 2023 to Ontario contractor Brook Restoration, but the company declared bankruptcy last February.
Atwill-Morin saw an opportunity it could not pass up. Following a long marathon of negotiations and an offer, the construction firm has just acquired both Brook Restoration’s assets—facilities and equipment—and its active contracts.
25 projects in Toronto will be saved by Atwill-Morin, representing a backlog of nearly 100 million dollars in contract value. In addition, 80 new jobs are joining its ranks, bringing its total workforce to just over 1,200 employees.
Read the full article on La Presse’s website (French only).
