M&A Deal Summary

AutoCanada Acquires Grossinger Auto Group

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2018-03-22
Target Grossinger Auto Group
Sector Automotive
Buyer(s) AutoCanada
Deal Type Add-on Acquisition
Deal Value 86M USD

Target

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(S) 1

Buyer

AutoCanada

Edmonton, Alberta, Canada
Category Company
Founded 2009
Sector Automotive
Employees2,550
Revenue 6.4B CAD (2023)
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. AutoCanada 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 STATS #
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
Mergr

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