#Canada #Toronto #CCAA #B+H Architects #Surbana Jurong

B+H Architects Corp. Initiates Sale and Investment Solicitation Process

B+H Architects Corp. (BHA) has officially announced the commencement of a Sale and Investment Solicitation Process (SISP) as part of its strategic restructuring efforts. This significant step comes in light of BHA's recent proceedings under the Companies' Creditors Arrangement Act (CCAA), which were initiated on October 17, 2025. The Ontario Superior Court of Justice approved the SISP on October 27, providing a framework for interested parties to engage in potential investments or acquisitions.

Overview of the Process

The approved SISP aims to solicit interest in either:
1. The sale of BHA’s business and/or its assets.
2. An investment or restructuring deal that may include recapitalization, refinancing, or other forms of reorganization.

KSV Restructuring Inc. will serve as the Court-appointed monitor to oversee this process, ensuring transparency and fairness in dealings. A notable aspect of the SISP is that it is anchored by a stalking horse investment agreement with Surbana Jurong Holdings (Canada) Ltd., which will act as the initial bidder in these proceedings.

Key Milestones and Deadlines

The SISP includes several important deadlines for potential interested parties:

• - Phase 1 Bid Deadline: November 17, 2025, at 5:00 p.m. (EST)
• - Phase 2 Bid Deadline (if required): December 5, 2025, at 5:00 p.m. (EST)
• - Selection of Successful Bids: December 8, 2025, at 5:00 p.m. (EST)
• - Auction Date (if applicable): December 10, 2025
• - Approval of Successful Bids: December 17, 2025, at 5:00 p.m. (EST)
• - Closing Dates: Successful bids will close on December 19, 2025, with an ultimate outside date for closing set for December 31, 2025.

Interested parties must submit a non-binding Letter of Intent (LOI) by the Phase 1 Bid Deadline to participate in the process. If qualified LOIs are received, a Phase 2 process will follow, wherein binding offers will be expected by December 5, 2025. Failure to attract any qualified bids in either phase will result in the stalking horse bid being deemed the successful one, after which BHA will seek court approval for that transaction.

About B+H Architects Corp.

Founded over 70 years ago, BHA is an esteemed architectural firm headquartered in Toronto, recognized for its impactful designs across various sectors. Its portfolio features iconic structures such as Ripley’s Aquarium of Canada and the Toronto Eaton Centre, as well as international projects spanning several countries including the United States, China, and the UAE.

Through this solicitation process, BHA aims to enhance its operational capacity while navigating through current financial difficulties, offering interested entities a unique opportunity to engage with a legacy firm poised for new developments.

For step-by-step details on the SISP and related court documents, stakeholders are encouraged to visit the monitor's website, where more comprehensive information is available.

Inquiries regarding participation in the SISP can be directed to Jordan Wong or Tony Trifunovic at KSV Restructuring Inc., located at 220 Bay Street, Suite 1300, Toronto, Ontario.

Conclusion

As BHA moves forward with its SISP amidst court supervision, the firm is set on finding a path towards revitalization, aiming to attract viable investments and ensuring the continuity of its operations. This initiative represents a pivotal moment for BHA, as it navigates through a critical phase in its storied history.