M&A Deal Summary

Kaizen Automotive Group Acquires Summit Fleet

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

Acquisition Highlights
  • 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.

M&A Deal Summary

Date 2023-09-01
Target Summit Fleet
Sector Business Services
Buyer(s) Kaizen Automotive Group
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1