Northwire Canada EditionWednesday, July 15, 2026
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FG 0.035 +0.0% EFR 17.50 −5.9% IVN 10.49 −2.6% MASS 0.090 +0.0% NTH 0.160 −3.0% LIF 26.59 −2.2% CPAU 0.155 +0.0% PTX 0.110 +0.0% VENT 0.160 +0.0% ANK 0.280 −3.5% ODV 3.27 −3.0% MINK 0.105 +0.0% ZEN 0.660 +3.1% LCE 0.250 +4.2% CBA 0.085 +0.0% SGU 0.040 +0.0% FG 0.035 +0.0% EFR 17.50 −5.9% IVN 10.49 −2.6% MASS 0.090 +0.0% NTH 0.160 −3.0% LIF 26.59 −2.2% CPAU 0.155 +0.0% PTX 0.110 +0.0% VENT 0.160 +0.0% ANK 0.280 −3.5% ODV 3.27 −3.0% MINK 0.105 +0.0% ZEN 0.660 +3.1% LCE 0.250 +4.2% CBA 0.085 +0.0% SGU 0.040 +0.0%
M&A / Property

AutoCanada completes sale of Crystal Lake dealership

By The Northwire Desk — AI Analysis Jul 30, 2025 · 15:30 ACQ · 26.50 AutoCanada Inc
ACQ · Price

Executive Summary

  • AutoCanada Inc. has completed the sale of its Crystal Lake Chrysler Dodge Jeep Ram dealership in Crystal Lake, Illinois.
  • The transaction involves a total cash consideration of approximately $9.9 million, with proceeds allocated to reduce the company's revolving credit facility.
  • The sold entity reported a loss of $3.2 million and generated $71.3 million in sales over the 12 months ended June 30, 2025.

Key Details

  • Transaction Structure: AutoCanada received approximately $9.9 million in cash.
  • Consideration Breakdown:
    • $3.5 million for goodwill and fixed assets.
    • $6.4 million for real estate.
    • Inventory and net working capital were excluded from the sale price.
  • Use of Proceeds: Proceeds were directed toward reducing the outstanding balance of AutoCanada's revolving credit facility.
  • Target Financials (12 months ended June 30, 2025):
    • Sales: $71.3 million.
    • Net Loss: $3.2 million.
  • Context: This sale is part of the definitive sale agreements announced on July 16, 2025.

Notable Quotes

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

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