Groupe Colabor set to be sold in pieces after four binding offers accepted
groupe colabor has accepted four binding offers for the substantial totality of its assets and operations, in an update on March 26, 2026 ET. The Saint-Bruno-de-Montarville distributor, carrying about $159 million in debt, says definitive agreements for three of the transactions are being finalized and the company will return to court in the coming weeks to seek approval. A hearing tied to one sale is scheduled for March 31, 2026 ET.
Deals accepted, three agreements being finalized
Colabor Group Inc. confirmed it received and accepted four binding proposals that together cover almost all of its assets and activities. Definitive agreements for three of those proposals are in the process of being finalized, and the company expects to make further announcements as material progress is achieved. One finalized transaction is a share purchase agreement for Tout-Prêt Inc., executed with a newly incorporated purchaser on behalf of a group of Tout-Prêt employees; the company has applied to the court for an approval and vesting order tied to that deal.
The company instituted restructuring proceedings under the Companies’ Creditors Arrangement Act on January 8, 2026 ET and is conducting a sale and investment solicitation process (SISP) under the supervision of the Superior Court of Québec (Commercial Division) and Raymond Chabot Inc., the court-appointed monitor. The transaction for Tout-Prêt is expected to complete in early April 2026 ET, subject to court approval and customary closing conditions.
Immediate reactions from the company and monitor
Colabor Group Inc., the Company, stated: “has accepted four binding offers for the substantial totality of its assets and operations. “
Raymond Chabot Inc., Court-appointed monitor of the Company, stated: “The Company continues to make progress with its SISP with the assistance of the Monitor. “
Operational footprint, creditors and staff at stake
The company operates three warehouses located in Lévis, Rimouski and Saint-Bruno-de-Montarville and distributes more than 10, 000 products. Its subsidiaries include Transport Paul-Émile Dubé ltée, Le Groupe Resto-Achats inc., Tout-Prêt inc. and Les Pêcheries Norref Québec inc. Colabor reported roughly 725 employees, including about 300 unionized under CSN, and listed principal creditors that include the Bank of TD and Investissement Québec. In its latest annual report the company cited roughly 5, 000 customers across restaurants, food service operators, specialized food stores, institutional accounts such as health-care facilities, schools and universities, and some retail clients.
Background and near-term timeline
Colabor’s difficulties intensified after a recent acquisition that increased indebtedness and operational disruptions tied to integration challenges. The company completed an acquisition of Alimplus last year for $49. 75 million; later operational disruption and a cyberattack contributed to lost revenues. The SISP update reiterates the company’s intent to return to court in the coming weeks to seek approval of the transactions and to extend the process as needed under the restructuring framework. A court hearing for the Tout-Prêt share sale is scheduled for March 31, 2026 ET, and the company anticipates completing that transaction in early April 2026 ET if the approval order is granted and closing conditions are met.
As the court process advances, stakeholders including employees, institutional customers such as hospitals and long-term care facilities, and the named creditors will watch upcoming filings and court dates closely; further transactional announcements are expected as negotiations reach formal close. The next key legal milestone is the March 31, 2026 ET hearing, after which the pace of asset transfers and operational transitions for groupe colabor should become clearer.
