Northwire Canada EditionWednesday, July 15, 2026
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NAU 1.87 +3.3% VTEN 0.580 +0.0% OBUL 0.320 +3.2% WINS 0.100 +0.0% PEMC 0.045 +0.0% SSV 0.450 +4.7% RVG 0.750 +4.2% GGO 0.960 −0.5% NAR 0.170 −2.9% SAGA 0.490 +2.1% PX 0.135 +0.0% GSTM 0.172 −4.2% XGC 0.225 −2.2% AYA 28.14 +4.0% JAG 4.97 +0.0% AZT 0.240 +4.3% NAU 1.87 +3.3% VTEN 0.580 +0.0% OBUL 0.320 +3.2% WINS 0.100 +0.0% PEMC 0.045 +0.0% SSV 0.450 +4.7% RVG 0.750 +4.2% GGO 0.960 −0.5% NAR 0.170 −2.9% SAGA 0.490 +2.1% PX 0.135 +0.0% GSTM 0.172 −4.2% XGC 0.225 −2.2% AYA 28.14 +4.0% JAG 4.97 +0.0% AZT 0.240 +4.3%
M&A / Property

AUTOCANADA COMPLETES SALE OF CHEVROLET OF PALATINE AND HYUNDAI OF PALATINE

By The Northwire Desk — AI Analysis Aug 19, 2025 · 17:00 ACQ · 31.40 AUTOCANADA INC.
ACQ · Price

Executive Summary

  • AutoCanada Inc. completed the sale of its Chevrolet of Palatine and Hyundai of Palatine dealerships located in Palatine, Illinois.
  • The transaction involved the sale of goodwill and fixed assets, excluding inventory and net working capital, with proceeds directed toward reducing the company's revolving credit facility.
  • The sold dealerships were previously reclassified as discontinued operations at year-end 2024.

Key Details

  • Transaction Structure: Sale of Chevrolet of Palatine and Hyundai of Palatine in Palatine, Illinois.
  • Consideration: AutoCanada received approximately $9.3 million CAD in cash.
  • Asset Scope: Proceeds are for goodwill and fixed assets only; inventory and net working capital are excluded from the sale.
  • Use of Proceeds: Funds are directed toward reducing the outstanding balance of the Company's revolving credit facility.
  • Historical Financials (12 months ending June 30, 2025):
    • Generated sales of $107.9 million CAD.
    • Reported a net loss of $4.9 million CAD.
  • Operational Context: These dealerships are part of the U.S. dealerships reclassified as discontinued operations at year-end 2024.
  • Currency: All dollar amounts are in Canadian dollars.

Notable Quotes

  • No direct quotes from the CEO or President were included in the provided text.
Read the original news release →

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