Northwire Canada EditionWednesday, July 15, 2026
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EFF 0.030 +20.0% W 0.500 +1.0% RDG 0.160 +0.0% ARIC 0.780 +4.0% VROY 3.44 +5.2% ROCK 3.81 +3.0% APMI 0.120 +0.0% EM 3.58 −4.8% ALS 66.04 +6.8% MEK 0.065 +44.4% TLO 6.00 +13.0% ADE 0.045 −66.7% FAIR 0.060 +33.3% SVRS 0.420 −2.3% RES 0.050 +42.9% CYG 0.120 +0.0% EFF 0.030 +20.0% W 0.500 +1.0% RDG 0.160 +0.0% ARIC 0.780 +4.0% VROY 3.44 +5.2% ROCK 3.81 +3.0% APMI 0.120 +0.0% EM 3.58 −4.8% ALS 66.04 +6.8% MEK 0.065 +44.4% TLO 6.00 +13.0% ADE 0.045 −66.7% FAIR 0.060 +33.3% SVRS 0.420 −2.3% RES 0.050 +42.9% CYG 0.120 +0.0%
M&A / Property

AUTOCANADA COMPLETES SALE OF NORTH CITY HONDA

By The Northwire Desk — AI Analysis Aug 26, 2025 · 19:13 ACQ · 33.85 AUTOCANADA INC.
ACQ · Price

Executive Summary

  • AutoCanada Inc. completed the sale of its North City Honda dealership located in Chicago, Illinois.
  • The transaction involved the sale of goodwill and fixed assets, with proceeds of approximately $18.2 million CAD used to reduce the company's revolving credit facility.
  • The sold entity was previously classified as a discontinued operation at year-end 2024, having generated $66.6 million in sales and a net loss of $3.2 million over the 12 months ending June 30, 2025.

Key Details

  • Transaction: Completion of the sale of North City Honda (Chicago, Illinois).
  • Proceeds: Approximately $18.2 million CAD in cash received.
  • Assets Sold: Goodwill and fixed assets; inventory and net working capital were excluded from the sale.
  • Use of Proceeds: Directed toward reducing the outstanding balance of AutoCanada's revolving credit facility.
  • Financial Performance of Sold Entity (12 months ending June 30, 2025):
    • Sales: $66.6 million CAD.
    • Net Loss: $3.2 million CAD.
  • Classification Context: The dealership was part of the U.S. dealerships reclassified as discontinued operations at year-end 2024.
  • Currency: All dollar amounts are in Canadian dollars.
Read the original news release →

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