JMX Restructuring Proceedings
JMX commenced restructuring proceedings in April 2020 as a result of disruptions caused by the COVID-19 pandemic and associated cash flow challenges. With the assistance of restructuring lawyers, Reconstruct LLP, JMX dealt quickly with its secured debt and implemented a corporate reorganization. JMX Contracting Inc. announced today that it has emerged from restructuring proceedings commenced last year. Together with its affiliates, JMX Leasing Inc. and BRND Properties Inc., JMX exited the proceedings with renewed opportunity for growth. Established in 2004, JMX is a leader in demolition and environmental abatement with commercial, industrial, and institutional projects across Canada. JMX provides innovative and flexible solutions for environmental abatement and asset recovery from projects with a focus on safe, efficient, and cost-effective service.