Eagers Automotive Completes Investment in CanadaOne Auto

MT Newswires Live05-04

Eagers Automotive (ASX:APE) completed its acquisition of a 65% stake in the holding company of Canadian dealership group CanadaOne Auto, effective April 30, according to a Monday filing with the Australian bourse.

The consolidated group represents AU$18.7 billion in revenue, AU$968.6 million in earnings before interest, taxes, depreciation, and amortization, and AU$671.9 million in profit before tax on a combined pro-forma basis for 2025, per the filing.

As part of the deal, CanadaOne Auto founder Pat Priestner exercised an option to acquire a 5% interest in easyauto123, Eagers Automotive's independent pre-owned car business in Australia and New Zealand. The deal is expected to close by the end of May.

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