Add-on Acquisition • Automotive

AutoCanada Acquires Grossinger Auto Group

On March 22, 2018, AutoCanada acquired automotive company Grossinger Auto Group for 86M USD

Acquisition Context

This is AutoCanada’s 1st transaction in the Automotive sector.
This is AutoCanada’s largest (disclosed) transaction.
This is AutoCanada’s 1st transaction in the United States.
This is AutoCanada’s 1st transaction in Illinois.

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M&A Deal Summary
Date	March 22, 2018
Target	Grossinger Auto Group
Sector	Automotive
Buyer(s)	AutoCanada
Deal Type	Add-on Acquisition
Deal Value	86M USD

Target Company

Grossinger Auto Group

Chicago, Illinois, United States

Grossinger Auto Group is an automotive retailer in Illinois, operating with 200 service bays across the platform and employing over 700 people.

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Buyer Overview 1

Buyer

AutoCanada

Edmonton, Alberta, Canada

Category	Company
Founded	2009
Sector	Automotive
Employees	2,550
Revenue	5.4B CAD (2024)

DESCRIPTION

AutoCanada is an automobile dealership group by volume, currently operating 54 franchised dealerships, comprised of 62 franchises, in eight provinces and has over 3,500 employees. It currently sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC, Buick, Cadillac, Infiniti, Nissan, Hyundai, Subaru, Mitsubishi, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, Smart, BMW and MINI branded vehicles. AutoCanada was founded in 2009 and is based in Edmonton, Alberta.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Automotive	1 of 1
Type: Add-on Acquisition	1 of 1
State: Illinois	1 of 1
Country: United States	1 of 1
Year: 2018	1 of 1
Size (of disclosed)	1 of 1

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