Date Announced

March 27, 2024

Lead Office

Montréal

On March 27, 2024, Pride Group Holdings Inc. ("Pride Group") obtained CCAA protection, listing liabilities and performance obligations to its more than twenty lenders.  The Pride Group has also sought recognition of the CCAA proceedings under Chapter 15 of the US Bankruptcy Code.

The Pride Group is one of the largest trucking carriers in Canada, operating from more than fifty leased and owned facilities across Canada and the US, operating out of Mississauga, Ontario.

McCarthy Tétrault is assisting National Bank of Canada with a team led by Hugo Babos-Marchand that includes Gabriel Faure, Heather Meredith and Meghan Noel (Bankruptcy & Restructuring).