Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Lithia Motors Acquires Sisley Honda Dealership In Ontario

Honda Sisley LAD (Organization) NYSE Ontario Honda Motor Co Ltd Canada Thornhill
  • 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.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
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
Keira Knightley Revisits "Trauma" of Being Accused of Having an Eating Disorder
"I'll suddenly have a very bodily memory of it because, ultimately, it's public shaming."
Marie Claire
Marie Claire
Keira Knightley recalls ‘public shaming’ she felt amid claims she had an eating disorder
‘It’s obviously part of my psyche, given how young I was,’ she recalls about the eating disorder claims
The Independent UK
The Independent UK
The Simpsons: Hit & Run dev says they could've made 3 sequels without paying a penny for the license: "Some crazy person at the publisher - we never found out who - said no"
"We never imagined it would still be bringing some people happiness 20 years later!"
GamesRadar
GamesRadar
Wrestler, film star – and future president? Why we should all take Dwayne ‘The Rock’ Johnson seriously
The WWE icon, already one of Hollywood’s highest-paid film stars, has shown himself to be ‘focus group-proof’
The Guardian - UK
The Guardian - UK
Eating this fruit before bed can help you sleep better – but expert opinions are divided
TikTok strikes again with its avocado sleep hack – but does it actually work?
T3
T3
Cher was ‘shocked’ to discover her legal name after birth certificate mix-up
Pop icon had gone for years without knowing what was written on her birth certificate
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play