Atwill-Morin Acquires Assets of Brook Restoration Following Bankruptcy

📅 4 days ago

Atwill-Morin has successfully acquired the assets of Brook Restoration, which declared bankruptcy, securing existing contracts valued at approximately $100 million.

In a significant development within the construction sector, Atwill-Morin, a North American contractor specializing in masonry, concrete, and scaffolding, has announced its acquisition of the assets of Brook Restoration, a Toronto-based company that focused on highrise, commercial, and institutional building envelopes. Founded in 2000, Brook Restoration faced bankruptcy, prompting Atwill-Morin to step in and negotiate the purchase of most of its assets. This acquisition includes existing contracts valued at around $100 million, along with essential equipment needed for ongoing projects.
The Ontario Superior Court approved the transaction in early February 2026, recognizing the proposal from Atwill-Morin as the most favorable option for all parties involved. The court’s decision was crucial, as it allowed for the continuation of numerous projects that might have faced interruptions otherwise. With this takeover, Atwill-Morin has incorporated 80 former employees of Brook Restoration into its workforce, who are now actively engaged in various projects.
The implications of this acquisition are substantial, as Atwill-Morin is set to deliver more than 20 projects that were previously under Brook Restoration's management. Additionally, over 140 subcontractors who were linked to Brook Restoration will remain involved in these projects, ensuring continuity and expertise in the execution of the work.
While the financial specifics of the acquisition have not been disclosed and will remain confidential, the transaction underscores Atwill-Morin's strategic move to expand its operations and enhance its project portfolio. The integration of Brook Restoration's assets not only strengthens Atwill-Morin's market position but also demonstrates resilience in the face of industry challenges.
This acquisition is a clear indicator of the dynamic nature of the construction industry, where contractors must adapt to evolving market conditions. As Atwill-Morin takes on these new responsibilities, the company is poised to leverage its expanded capacity to meet the demands of the highrise and commercial construction sectors in Toronto and beyond. The successful transition of projects and workforce integration will be vital in maintaining the momentum of ongoing construction activities in the region.

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