Young Motors (1971) Ltd.
Summit Acceptance Limited Partnership, an affiliate of Kaizen Automotive Group, has acquired Young Motors (1971) Ltd.
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Summit Acceptance Limited Partnership, an affiliate of Kaizen Automotive Group, has acquired Young Motors (1971) Ltd. MNP Corporate Finance Inc. acted as exclusive financial advisor to Young Motors (1971) Ltd. in structuring and negotiating this transaction.
Transaction Brief
This transaction allowed the shareholders of Young Motors to implement their succession strategy.
Young Motors provides vehicle rentals and leasing in Fort McMurray, AB. The company is an established family business with more than 50 years of service. Young Motors’ vehicle rental fleet encompasses more than 1,200 units, which includes pickup trucks, cars, SUVs, vans and ATVs. The company’s primary offering is truck rentals including corporate and commercial fleet programs.
Summit Fleet Management, operating as a subsidiary of Summit Acceptance, provides long-term rentals, leasing and full fleet management services across Western Canada and within the US. Summit Fleet (formerly known as Kaizen Fleet Management) is a consolidation of all Kaizen Automotive Group’s leasing and renting assets.