On August 22, 2025, the Honourable Justice M.A. Marion of the Court of King’s Bench of Alberta issued an initial order under the Companies’ Creditors Arrangement Act, RSC 1985, c. C-36, as amended, granting creditor protection to Summit Automotive Group. The order was made on the application of the Bank of Montreal, in its capacity as senior secured lender to the group of companies operating as Arrow Motors VW, Cranbrook Mitsubishi, Sun Valley Nissan, Vermilion Chrysler, Castle Ford, Squamish Chrysler, Western Power Sports, Summit S. Auto Ltd., and 2351497 Alberta Ltd. (collectively, the “Summit Automotive Group”).

Pursuant to the Initial Order, BDO Canada Limited was appointed as monitor (“Monitor”), with enhanced power to manage and operate the business of the Summit Automotive Group.

Counsel is Gowling WLG for BMO and Miller Thomson for the monitor.