- Lithia Motors Inc (NYSE:LAD) and Pfaff Automotive Partners have acquired Sisley Honda, based in Thornhill, Ontario, for an undisclosed sum.
- The company expects the addition of Sisley Honda, one of the highest-volume Honda Motor Co Ltd (NYSE:HMC) dealerships in Canada, to expand its footprint.
- Sisley is a multi-generational family business founded in 1946 and has represented the Honda brand for 45 years.
- The deal brings LAD's total expected annualized revenue acquired in 2022 to over $1.2 billion.
- Lithia financed the acquisition using existing on-balance sheet capacity. It held $161.4 million in cash and equivalents as of March 31, 2022.
- Price Action: LAD shares are trading higher by 3.23% at $300.57 on the last check Tuesday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Lithia Motors Acquires Sisley Honda Dealership In Ontario
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks