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The restructuring of Qualinet approved



July 12, 2017 16:13

Photo : Groupe Qualinet

The restructuring plan of the Group Qualinet has been approved to more than 94 % of its creditors during the special assembly held in Quebec today. A dispute involving the franchisor of the brand Qualinet is settled amicably in the course of the last few months, and the Group’s finances have solidified thanks to the injection of new capital.

Questioned by the Journal of insurance, the Group Qualinet said not to be able to reveal for the moment the identity of the new investors. Marie Morneau, relationiste of the company, said that there will be actors that are not part of the creditors of the company. «This is money «, she added. The investment will be announced by the next quarter. However, the financial package remains to be defined to specify whether it will be in the form of share ownership or financing of a venture.

«I am aware that the situation has not been easy for many, but the bad news is now all behind us. The head office, the branches, all the members of the quebec network operating under different banners in the colors of Qualinet as well as their business partners can again look to the future with optimism and serenity » stressed Eric Pichette, president of Groupe Qualinet, by way of a press release.

Since the month of February last, Qualinet has been the face of several difficulties, in particular because of its division deficit Qualinet Environment, which has ceased its operations.

The company operates branches that specialize in cleaning up after a disaster in the regions of Québec and of Montréal is home to 850 employees.

«All of our services are in operation, and the population can be assured of the quality of service to which it has been used for almost 25 years,» said Mr. Pichette.

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