Summit Automotive Group
FollowActive
- Proceeding
- CCAACCAA
- File
- 2501-13057
Filings held51
Last activity23 Jul 2026
On the record395 days
Secured debt$50M
OverviewSummary updated
Summit Automotive Group, comprising 11 debtor entities, commenced CCAA proceedings on August 22, 2025, and the case remains active. The initial stay ran to September 1, 2025, then to September 26, 2025, and has been extended to November 21, 2025. Bank of Montreal, the senior secured and operating lender, is owed in excess of $58 million as at August 12, 2025, secured by general security agreements, chattel mortgages, Alberta and B.C. real property mortgages against Summit S Auto Ltd. and unlimited cross-guarantees. Compiled unaudited combined statements for five of the entities showed assets of $42,017,934 against liabilities of $40,953,187 at December 31, 2023; FY2024 statements had not been finalized. Orders were granted August 22, August 27 and September 19, 2025, and May 22, 2026. The claims bar date is June 22, 2026.
Claims processIf you are owed money
The claims bar date has passed — claims were due by
Per the Claims Procedure Order (May 22, 2026) dated 22 May 2026.
Proceedings AIAsk this case — answers cite the filings
Case updates52 dated entries
#Order
Amended and Restated Order – Westcastle GMC Added (January 9, 2026) — Amended and restated initial order
#Sale
The court granted an approval and vesting order for the sale to K5 IG Holdings Inc. Closing terms, as extracted: Vesting effective upon delivery of Monitor's Certificate confirming payment of Cash Purchase Price and satisfaction of closing conditions.
Source: Asset Vesting Order - Arrow Volkswagen (November 13, 2025)
#Sale
The court granted an approval and vesting order for the sale to Davis Auto Group Ltd. Closing terms, as extracted: Vesting occurs upon delivery of the Monitor's Certificate confirming payment of the Cash Purchase Price and satisfaction/waiver of closing conditions.
Source: Asset Vesting Order - Castle Ford (November 13, 2025)
#Order
The stay of proceedings was extended to 2025-09-26.
Source: Amended and Restated Initial Order (August 27, 2025)
#Order
An initial order was granted. The stay runs to 2025-09-01.
Source: Initial Order (August 22, 2025)
Parties
Debtor
Summit Automotive Group
Applicant
BMO
Monitor
BDO
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Simard | Court of King's Bench of Alberta | 2 orders, May 2026 | 25 cases on record |
| Justice Feasby | Court of King's Bench of Alberta | 2 orders, Sep 2025 | 11 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorBDO | Miller Thomson LLP | 29 Aug 2025 | Service list · 29 Aug 2025 |
| Creditor2345137 Alberta Ltd | Bryan & Company LLP | 29 Aug 2025 | Service list · 29 Aug 2025 |
| CreditorBank of Montreal | Gowling WLG (Canada) LLP | 29 Aug 2025 | Service list · 29 Aug 2025 |
| CreditorLNG Enterprise Inc | MLT Aikins LLP | 29 Aug 2025 | Service list · 29 Aug 2025 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal (BMO) · in 279 casesGeneral security agreement dated November 27, 2020, from MK Auto K-M Ltd. (Schedule A, Omnibus Forbearance Agreement) — Non-operating holding/guarantor entity with no direct facility ('Loans Indebtedness'); amount shown is its stated 'Guarantees Indebtedness' as of March 12, 2025, representing its guarantee of the Summit Auto Group's indebtedness to BMO. — debtor: MK Auto K-M Ltd. · as of 12 Mar 2025 | $50M | Pre-Filing Report of the Proposed Monitor (August 19, 2025) |
| Secured | Bank of Montreal (BMO) · in 279 casesGeneral security agreement dated November 27, 2020; multiple real property mortgages (incl. Pincher Creek, Mannville, Cranbrook properties) and assignments of rents/leases in favour of BMO (Schedule A); cross-guaranteed by affiliated entities — Exact dated 'Loans Indebtedness' balance per Art. 2.1(a)(iv). Also guarantees group debt ('Guarantees Indebtedness' $32,841,999.57 as of same date); secured additionally by a Limited personal guarantee dated Nov 27, 2020 from Michael Koch. The Pre-Filing Report separately states that, on a cumulative basis, the full Debtor group (all 11 Summit Auto Grou · as of 12 Mar 2025 | $17.2M | Pre-Filing Report of the Proposed Monitor (August 19, 2025) |
| Secured | Bank of Montreal (BMO) · in 279 casesGeneral security agreement dated June 19, 2021 (misnumbered '23415137' in signature line, confirmed valid/binding); mortgage dated Aug 4, 2021 on 4524 Railway Avenue, Vermilion, AB ($1,285,000 principal); assignment of rents; cross-guaranteed — Exact dated 'Loans Indebtedness' balance per Art. 2.1(a)(iv). Also guarantees group debt ('Guarantees Indebtedness' $41,149,800.70 as of same date), contingent exposure. — debtor: 2345137 Alberta Ltd. (Vermilion Chrysler) · as of 12 Mar 2025 | $8.9M | Pre-Filing Report of the Proposed Monitor (August 19, 2025) |
| Secured | Bank of Montreal (BMO) · in 279 casesGeneral security agreement dated May 19, 2023; chattel mortgage (PPSA); mortgages on 1050 Corner Mountain St. ($7,600,000 principal) and 1104 Chief Mountain Ave. ($1,010,000 principal), Pincher Creek, AB; assignments of rents; cross-guaranteed — Exact dated 'Loans Indebtedness' balance per Art. 2.1(a)(iv). Also guarantees group debt ('Guarantees Indebtedness' $42,744,151.41 as of same date). Additionally secured by a Limited personal guarantee dated May 19, 2023 from Michael Koch (principal/owner) — personal guarantee exists, amount not separately itemized here. — debtor: 2497902 Alberta Ltd. · as of 12 Mar 2025 | $7.3M | Pre-Filing Report of the Proposed Monitor (August 19, 2025) |
| Secured | Bank of Montreal (BMO) · in 279 casesGeneral security agreement dated November 27, 2020; chattel mortgage (PPSA) over Cranbrook property; cross-guaranteed by affiliated entities — Exact dated 'Loans Indebtedness' balance per Art. 2.1(a)(iv). Also guarantees group debt ('Guarantees Indebtedness' $43,959,248.14 as of same date), contingent exposure. — debtor: Summit V Auto Ltd. (Arrow Volkswagen) · as of 12 Mar 2025 | $6.09M | Pre-Filing Report of the Proposed Monitor (August 19, 2025) |
| Secured | Bank of Montreal (BMO) · in 279 casesGeneral security agreement dated March 10, 2021, plus chattel mortgage (PPSA) over Cranbrook property (Schedule A); cross-guaranteed by affiliated entities — Exact dated 'Loans Indebtedness' balance per Art. 2.1(a)(iv). Also guarantees group debt ('Guarantees Indebtedness' $44,908,516.76 as of same date), contingent exposure. — debtor: 1272986 B.C. Ltd. (Sun Valley Nissan) · as of 12 Mar 2025 | $5.14M | Pre-Filing Report of the Proposed Monitor (August 19, 2025) |
| Secured | Bank of Montreal (BMO) · in 279 casesGeneral security agreement (all-property) dated November 27, 2020, plus real property/chattel mortgages and assignments of rents (Schedule A, Omnibus Forbearance Agreement); cross-guaranteed by affiliated Summit Auto Group entities — Exact dated 'Loans Indebtedness' balance per Debtors' acknowledgement in Omnibus Forbearance Agreement (Art. 2.1(a)(iv)); continues to accrue interest/fees/costs. This entity also guarantees the group's debt to BMO ('Guarantees Indebtedness' $46,006,838.03 as of the same date) — contingent guarantor exposure, not additional principal. — debtor: 1175104 B.C. Ltd. ( · as of 12 Mar 2025 | $4.04M | Pre-Filing Report of the Proposed Monitor (August 19, 2025) |
| Secured | Bank of Montreal (BMO) · in 279 casesGeneral security agreement dated December 20, 2022 (Schedule A); cross-guaranteed by affiliated entities — Exact dated 'Loans Indebtedness' balance per Art. 2.1(a)(iv). Also guarantees group debt ('Guarantees Indebtedness' $48,822,553.73 as of same date), contingent exposure. Document notes an inadvertent guarantee/term-sheet naming error involving this entity, confirmed still valid and binding. — debtor: 2351497 Alberta Ltd. ("235 AB") · as of 12 Mar 2025 | $1.23M | Pre-Filing Report of the Proposed Monitor (August 19, 2025) |
| Secured | Bank of Montreal (BMO) · in 279 casesGeneral security agreement dated May 23, 2024 (Schedule A, Omnibus Forbearance Agreement); cross-guaranteed by affiliated Summit Auto Group entities — Exact dated 'Loans Indebtedness' balance per Art. 2.1(a)(iv) of Omnibus Forbearance Agreement. Also guarantees group debt ('Guarantees Indebtedness' $49,899,767.77 as of same date), a contingent/guarantor exposure, not additional principal. — debtor: 1262113 B.C. Ltd. (Western Sport Products) · as of 12 Mar 2025 | $148K | Pre-Filing Report of the Proposed Monitor (August 19, 2025) |
Sale processAs stated in the filings
8 transactions · 4 approved · 4 proposed — The Transaction is hereby approvedAsset Vesting Order - Sun Valley Nissan (July 23, 2026) · 23 Jul 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Davis Auto Group Ltd.the Vendors' right, title and interest in and to the Purchased Assets · asset sale · agreement 6 Nov 2025 | not statedCash Purchase Price referenced in Sale Agreement; amount not stated in this order | Approved13 Nov 2025 | Asset Vesting Order - Castle Ford (November 13,… |
| K5 IG Holdings Inc.the Vendors' right, title and interest in and to the Purchased Assets (as defined in the Sale Agreement) · asset sale · nominee/assignee: its nominee · agreement 10 Nov 2025 | not statedCash Purchase Price referenced in Monitor's Certificate; specific amount not stated in this order | Approved13 Nov 2025 | Asset Vesting Order - Arrow Volkswagen… |
| Arrow VW (Volkswagen) dealership purchaser, unnamed in textthe Arrow VW Transaction · asset sale | SealedPurchase price redacted from agreement; details in Confidential Supplement | Proposed | Fourth Report of the Monitor (January 5, 2026) |
| Castle Ford dealership purchaser, unnamed in textthe Castle Ford Transaction · asset sale | SealedDetails in Confidential Supplement | Proposed | Fourth Report of the Monitor (January 5, 2026) |
| 2672671 Alberta Ltd.the Vendors' right, title and interest in and to the purchased assets (the 'Purchased Assets') · asset sale · nominee/assignee: its nominee · agreement 22 Sep 2025 | not stated | Approved7 Jan 2026 | Asset Vesting Order - Westcastle GMC (January… |
| referred to as the 'VW Purchaser'; name not stated in textArrow Volkswagen dealership assets and real property · asset sale | SealedAdditional details concerning the outcome of the SISP, including the number and nature of bids submitted, are set out in the confidential supplement to this Third Report | Proposed | Fifth Report of the Monitor (January 14, 2026) |
| referred to as the 'Castle Ford Purchaser'; name not stated in textCastle Ford dealership assets and real property · asset sale | not stated | Proposed | Fifth Report of the Monitor (January 14, 2026) |
| Dawson Automotive Motor Holdings Ltd.the Vendors' right, title and interest in and to the Purchased Assets · asset sale · nominee/assignee: its affiliates/nominees · agreement 14 Jul 2026 | not stated | Approved23 Jul 2026outside 3 Dec 2025 | Asset Vesting Order - Sun Valley Nissan (July… |
AdvisorsTim Lamb Group (sale agent)Fifth Report of the Monitor (January 14, 2026)
Closing termsVesting upon delivery of the Monitor's Certificate confirming payment of the Purchase Price, satisfaction/waiver of Article 9 closing conditions, and completion of the Transaction.Asset Vesting Order - Sun Valley Nissan (July 23, 2026)
RecoveriesAs declared or paid
Unsecured creditors: shortfall. BMO short · TD Bank paid in full.EstimatedSeventh Report of the Monitor (May 11, 2026) · 11 May 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | BMO | — | shortfall | Estimatedper the monitor | Seventh Report of the Monitor (May 11, 2026) · 11 May 2026 |
| Secured | TD Bank | — | paid in full | Finalper the monitor | Seventh Report of the Monitor (May 11, 2026) · 11 May 2026 |
| Unsecured | Westcastle GMC estates creditors | — | shortfall | Estimatedper the monitor | Seventh Report of the Monitor (May 11, 2026) · 11 May 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Estate financialsReported figures — never derived
Total assets at filing$42M
Total liabilities at filing$41M
As at 31 Dec 2023 · per Compiled (unaudited) combined financial information prepared under CSRS 4200 Compilation Engagement standard; no audit or review performed, no assurance expressed; 'readers are cautioned that the combined financial information may not be appropriate for their purposes' · Combined (not consolidated) balance sheet of five entities only — 1175104 B.C. Ltd., 1272986 B.C. Ltd., Summit S Auto Ltd., Summit V Auto Ltd., and 2345137 Alberta Ltd. (referred to as the 'Koch - BMO banking group') — a subset of the 11 Debtor entities in these CCAA proceedings; excludes 1262113 B.C. Ltd., 2351497 Alberta Ltd., 2497902 Alberta Ltd., MK Auto K-M Ltd., 1972207 Alberta Ltd. and 2437342 Alberta Ltd. — Attached as Appendix B ('Most Recent Financial Statements (2023)') to the Pre-Filing Report; separately, the Pre-Filing Report states FY2024 statements have not been finalized and the Proposed Monitor believes 2025 YTD losses are 'significantly understated' given the Companies' books and records are not up to date.
Documents
51 filings
| Date | Document | File |
|---|---|---|
Asset Vesting Order - Sun Valley Nissan (July 23, 2026)
| ||
| Eighth Report of the Monitor (July 23, 2026) | ||
| Notice of Application (July 23, 2026) | ||
| Affidavit of N. Sculac (July 21, 2026) | ||
| Order - Litigation Schedule (June 5, 2026) | ||
| Notice to Claimants re Westcastle GMC | ||
Claims Procedure Order (May 22, 2026)
| ||
Order (May 22, 2026)
| ||
| Reply Brief Law (May 21, 2026) | ||
| Bench Brief (May 19, 2026) | ||
Notice of Application (May 15, 2026)
| ||
| Affidavit of Martin Hausner (May 14, 2026) | ||
| Brief of Law (May 13, 2026) | ||
| Notice of Application (May 11, 2026) | ||
| Notice of Dispute of Claimant re Westcastle GMC | ||
Seventh Report of the Monitor (May 11, 2026)
| ||
| Supplement to the Seventh Report of the Monitor (May 11, 2026) | ||
| Affidavit of M. Koch (April 17, 2026) | ||
| Order (March 26, 2026 | ||
| Notice of Application (March 18, 2026) | ||
Sixth Report of the Monitor (March 18, 2026)
| ||
| Affidavit of Martin Hausner (January 22, 2026) | ||
| Affidavit of Mike Koch (January 22, 2026) | ||
Order (January 22, 2026)
| ||
Fifth Report of the Monitor (January 14, 2026)
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| Notice of Application (January 14, 2026) | ||
| Amended and Restated Order – Westcastle GMC Added (January 9, 2026) | ||
| Affidavit of Amanda Bezner (January 8, 2026) | ||
Asset Vesting Order - Westcastle GMC (January 7, 2026)
| ||
| Notice of Application (January 7, 2026) | ||
| Proof of Claim re Westcastle GMC | ||
Fourth Report of the Monitor (January 5, 2026)
| ||
Ancillary Order (November 13, 2025)
| ||
Asset Vesting Order - Arrow Volkswagen (November 13, 2025)
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Asset Vesting Order - Castle Ford (November 13, 2025)
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| Notice of Application (November 13 2025) | ||
Third Report of the Monitor (November 7, 2025)
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Sales and Investment Solicitation Process
| ||
SISP Approval Order (September 22, 2025)
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Stay Order (September 22, 2025)
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| Notice of Application (September 19, 2025) | ||
Second Report of the Monitor (September 10, 2025)
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Service List (August 29, 2025)
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| List of Creditors (August 28, 2025) | ||
| Notice to Creditors (August 28, 2025) | ||
Amended and Restated Initial Order (August 27, 2025)
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| First Report of the Monitor (August 27, 2025) | ||
Initial Order (August 22, 2025)
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Notice of Application (August 22, 2025)
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Pre-Filing Report of the Proposed Monitor (August 19, 2025)
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Affidavit of John Gil (August 15, 2025) w/o appendices
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Summit Automotive Group” (CCAA), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/summit-automotive-group