Calgary, Alberta - April 20, 2026 – TriWest Capital Partners is aware that the secured lenders for Coast Appliances received an initial order from the Supreme Court of British Columbia on April 17, 2026 to place Coast under the protection of the Companies' Creditors Arrangement Act (“CCAA”), including the appointment of PwC as Monitor. We are deeply disappointed by this outcome.
Coast faced a combination of challenges that proved insurmountable: a challenging retail macroeconomic environment, significant contraction in consumer spending on major appliances, supply chain disruptions, import tariffs and slowing multifamily residential development in Coast’s core markets. Despite intensive and sustained efforts to stabilize and restructure the business, the termination of Coast’s credit facilities made the CCAA filing unavoidable and will result in a total loss for all the investors in Coast, including TriWest, the founders of the business and employee investors.
PwC, as Monitor, is the appropriate point of contact for all inquiries related to the CCAA process, including matters affecting creditors, suppliers, consumers, and employees. We encourage all affected parties to contact PwC directly.
https://www.pwc.com/ca/en/services/insolvency-assignments/coast-appliances.html
TriWest remains committed to its other portfolio companies and to the Western Canadian businesses and communities we serve.
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