What are the details of the Eagers Automotive (ASX:APE) acquisition of CanadaOne Auto?

Eagers Automotive officially completed its acquisition of a 65% majority stake in CanadaOne Auto on 30 April 2026. CanadaOne is recognized as one of the premier dealership groups in Canada.

How does the CanadaOne deal impact the financial profile of Eagers Automotive (ASX:APE)?

On a combined pro-forma basis for FY25, the consolidated group is projected to generate A$18.7 billion in revenue and A$968.6 million in EBITDA. Profit before tax for the merged entity is estimated at A$671.9 million.

What is the strategic significance of Eagers Automotive (ASX:APE) entering the North American market?

CEO Keith Thornton described the completion as a "defining milestone" that allows the company to pursue aggressive growth opportunities in North America. The acquisition provides a platform to implement operational best practices across a much larger global network.

Who is Pat Priestner and how is he involved in the Eagers Automotive (ASX:APE) deal?

Pat Priestner is the founder of CanadaOne Auto and is taking a direct stake in Eagers' Australasian operations. As part of the investment, Priestner exercised an option to acquire a 5% interest in easyauto123, Eagers’ independent pre-owned vehicle business.

What is the status of the easyauto123 transaction involving CanadaOne’s founder?

The acquisition of a 5% interest in easyauto123 by Pat Priestner is expected to be finalized by the end of May 2026. This reciprocal investment is intended to bring global automotive experience to drive growth for the pre-owned vehicle brand in Australia and New Zealand.

What was the Eagers Automotive (ASX:APE) share price following the announcement?

At the time of the reporting, Eagers Automotive (ASX:APE) was trading at a share price of $24.59. Investors are currently weighing the projected revenue of $18.7 billion against the execution risks of integrating a large international dealership group.

Eagers Automotive finalises major CanadaOne acquisition

Written by Brie CarterPublished May. 4 2026Last Updated May. 4 2026

Australian retail giant Eagers Automotive (ASX:APE) completed its acquisition of CanadaOne Auto.

Effective April 30, Eagers secured a 65% majority stake in the holding company of CanadaOne, which is recognised as one of Canada’s premier dealership groups.

The move, backed by key stakeholders across both nations, elevates Eagers Automotive to the ranks of the world’s leading publicly listed automotive retail organisations.

On a combined pro-forma basis for FY25, the consolidated group is projected to represent $18.7 billion in revenue, alongside $968.6 million in EBITDA and $671.9 million in profit before tax.

As part of the reciprocal deal, CanadaOne founder Pat Priestner has exercised an option to acquire a 5% interest in easyauto123, Eagers’ independent pre-owned vehicle business operating in Australia and New Zealand.

This transaction is expected to conclude by the end of May, with Priestner joining Eagers and Mitsubishi Corporation as a shareholder.

Eagers Automotive CEO Keith Thornton described the completion as a "defining milestone" and the start of an "exciting new chapter".

Thornton highlighted that recent collaborative efforts have positioned both teams to pursue operational best practices and aggressive growth opportunities within the North American market.

At the time of reporting, Eagers Automotive's share price was $24.59.