Atwill-Morin takes over Brook Restoration assets in $100M deal

Atwill-Morin has completed the takeover of most Brook Restoration assets in Toronto, including contracts worth about $100 million and equipment. The deal preserves more than 20 projects, rehired about 80 workers and deepens Atwill-Morin’s presence in the Toronto market.

Why it matters: - The takeover protects active construction projects that could have stopped after Brook Restoration’s bankruptcy. - Atwill-Morin gains about $100 million in original contract value, adding scale in Toronto and across Ontario. - The transaction keeps former Brook Restoration workers employed and secures customer investments in ongoing projects.

What happened: - Atwill-Morin completed the takeover of Brook Restoration’s assets in Toronto. - Brook Restoration, founded in 2000, specialized in high-rise, commercial and institutional building envelopes. - The Ontario Superior Court approved the deal in early February 2026. - Atwill-Morin acquired most of Brook Restoration’s assets, including existing contracts and equipment. - About 80 skilled workers moved into Atwill-Morin. - More than 20 former Brook Restoration projects will continue under Atwill-Morin.

The details: - The acquired contracts represent approximately $100 million in original contract value. - More than 140 subcontractors remain involved in the ongoing Brook Restoration projects. - Former Brook Restoration employees have been rehired and integrated into Atwill-Morin operations. - Atwill-Morin said the projects will be delivered under its policies, standards and reputation for excellence. - The company has been active in the Toronto market for several years. - Atwill-Morin now says its workforce numbers more than 1,200.

Between the lines: - The court viewed the Atwill-Morin proposal as the best option for stakeholders, suggesting the deal was designed to preserve value rather than simply liquidate assets. - Nicolas Croteau, executive vice president, called it the most significant transaction in Atwill-Morin’s history. - The acquisition strengthens Atwill-Morin’s competitive position as it pushes for greater market share in the Greater Toronto Area, Ontario and Canada. - Financial terms of the transaction were not disclosed.

What’s next: - Atwill-Morin will continue delivering the inherited Brook Restoration projects. - The company will work with retained subcontractors as construction continues. - The takeover is likely to support Atwill-Morin’s broader expansion in Toronto and beyond.