RenoRun granted court extension in insolvency process

RenoRun, the Montreal-based contractor delivery service that applied for and was granted creditor protection in Quebec last month, has been given an extension by the province’s Superior Court as it seeks a buyer. The company says there are a number of potential buyers who have shown interest.

RenoRun became a thriving and significant on-line business after breaking out of its Montreal base in 2018 to become a significant option for contractors in Toronto and Austin, Texas, its test market in the U.S. The company is seven years old, not quite the “start up” that the consumer media often call it. Last year, the company received a US$142 million investment led by Tiger Global Management.