Add-on Acquisition • Business Services

Kaizen Automotive Group Acquires Summit Fleet

On September 1, 2023, Kaizen Automotive Group acquired business services company Summit Fleet

Acquisition Context

This is Kaizen Automotive Group’s 1st transaction in the Business Services sector.
This is Kaizen Automotive Group’s 1st transaction in Canada.
This is Kaizen Automotive Group’s 1st transaction in Alberta.

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M&A Deal Summary
Date	September 1, 2023
Target	Summit Fleet
Sector	Business Services
Buyer(s)	Kaizen Automotive Group
Deal Type	Add-on Acquisition

Target Company

Summit Fleet

Calgary, Alberta, Canada

Summit Fleet is a commercial vehicle rentals, leasing, and fleet management. Summit Fleet was founded in 2013 and is based in Calgary, Alberta.

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Buyer Overview 1

Buyer

Kaizen Automotive Group

Calgary, Alberta, Canada

Category	Company
Sector	Automotive

DESCRIPTION

Kaizen Automotive Group has dealerships representing Cadillac, Buick, GMC, Chevrolet, Ford, Lincoln, Kia, Nissan, Honda, Hyundai and Genesis; including 6 dealerships in California under the names of Imperial Valley Chevrolet GMC, Imperial Valley Hyundai, Imperial Valley Honda, Chula Vista Honda, Chula Vista Ford, and Chula Vista Kia. Kaizen Automotive Group also offers industrial and commercial rentals, leasing, telematics, fleet management, and fleet card services. Kaizen Automotive Group is based in Calgary, Alberta.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Business Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Alberta	1 of 1
Country: Canada	1 of 1
Year: 2023	1 of 1

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