On August 7, 2026 upon application by the Bank of Montreal in its capacity as senior secured lender to 13498140 Canada Inc. (“Stratford Kia”), 2717922 Ontario Inc. (“Oakville Mitsubishi”), 1000208180 Ontario Inc. (“Stratford Nissan”), 1000841404 Ontario Inc. (“Mississauga Chrysler”), Trinity Car Sales Inc. (“Trinity Car Sales”), 13517683 Canada Inc. (“1351 Canada”), 12332248 Canada Inc. (“1233 Canada”), 1000454978 Ontario Inc. (“1000 Ontario”), 1986096 Ontario Inc. (“1986 Ontario”), 1001087905 Ontario Inc. (“1001 Ontario”), Downtown Auto Centre Ltd. (“Downtown Auto Centre”), Trinity Car and Truck Rental Inc. (“Trinity Car and Truck Rental”), Trinity Auto Inc. (“Trinity Auto Inc.”), Larry Hudson Family Holdings Inc. (“Hudson Family Holdings”), and 1000493417 Ontario Inc. (“Commercial Plaza”) (collectively, the “Trinity Auto Group”, the or the “Companies”) the Ontario Superior Court of Justice (the “Court”) issued an order (the “Initial Order”) granting protection to the Trinity Auto Group from their creditors under the Companies’ Creditors Arrangement Act, RSC 1985, c. C-36, as amended. Pursuant to the Initial Order, Goldhar & Associates Ltd. was appointed as monitor (“Monitor”) of the Companies.
On September 10, 2026, the Court granted an order (the “Sale Process Approval Order”): (i) authorizing the Monitor to undertake a sale and investment solicitation process (“SISP”) to solicit offers for a sale, recapitalization, or refinancing of the Company’s property, assets, and undertaking (collectively, the “Property”), and/or its Businesses; and (ii) approving the appointment of BDO Canada Transaction Advisory Services Inc. (“BDO”) as sales agent (the “Sales Agent”) to assist the Monitor in the implementation of the SISP.
SISP Timelines
| Milestone | Deadline |
|---|---|
| Go to market (Teaser Letter, etc.) | As soon as practicable and in any event no later than September 11, 2026 (12:00 PM ET) |
| Expression of Interest Deadline (“EOI Deadline”) | Friday, October 9, 2026 (5:00 PM ET)* |
| EOI Selection Date | Wednesday, October 14, 2026 |
| Binding Bid Deadline | Friday, November 6, 2026 (12:00 PM ET) |
| Selection of Qualified Bids | Tuesday, November 10, 2026 |
| Submission of Finalized Definitive Bid Documents by Qualified Bidders | Friday, November 13, 2026 (5:00 PM ET) |
| Selection of Successful Bidder(s) and Execution of Definitive Transaction Agreement(s) | Monday, November 16, 2026 (5:00 PM ET) |
| Hearing of the Sale Approval Motion | Subject to Court availability, week of November 27, 2026 |
| Closing the Transaction (Outside Date) | No later than Friday, January 29, 2027 |
* The EOI Deadline was extended from 12:00 PM ET to 5:00 PM ET on Friday, October 9, 2026.
Documents:
Motion Materials
- Notice of Application (August 5, 2026)
- Affidavit of Daniel To – Bank of Montreal (August 5, 2026)
- Factum of the Applicant (August 7, 2026)
- Motion Record of the Applicant – BMO (August 13, 2026)
- Factum of the Applicant (August 17, 2026)
- Motion Record of the Monitor (September 3, 2026)
- Factum of the Monitor (September 4, 2026)
- Motion Record of the Respondents (September 7, 2026)
- Motion Record of the Monitor (September 25, 2026)
- Factum of the Monitor (September 28, 2026)
Court Orders
- Initial Order (August 7, 2026)
- Amended and Reinstated Initial Order (August 17, 2026)
- Endorsement of Justice Conway (August 17, 2026)
- Endorsement (August 7, 2026)
- Critical Vendor Order (September 8, 2026)
- Endorsement of Justice Dunphy (September 8, 2026)
- Second Amended and Reinstated Initial Order (September 10, 2026)
- SISP Approval Order (September 10, 2026)
- Endorsement of Justice Black (October 1, 2026)
- CRO Appointment Order (October 1, 2026)
- Omnibus Order (October 1, 2026)
Reports
- Pre-Filing Report of the Proposed Monitor (August 6, 2026)
- First Report of the Monitor (August 14, 2026)
- Supplement to the Monitor’s Second Report (September 4, 2026)
- Second Report of the Monitor (September 3, 2026)
- Second Supplement to the Monitor’s Second Report (September 7, 2026)
- Third Supplement to the Monitor’s Second Report (September 9, 2026)
- Third Report of the Monitor (September 25, 2026)
Notices
Service List
Sales and Investment Solicitation Process