AutoCanada Acquires Sterling Honda In Hamilton

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AutoCanada announced it has acquired Sterling Honda located in Hamilton, Ontario.

“We’re excited about the addition of this high-quality dealership, expanding AutoCanada’s footprint in the attractive Hamilton market while adding brand diversity within our overall portfolio,” said executive chairman, Paul Antony. “Notably, the acquisition expands our relationship with Honda, bringing a fourth Honda store into our dealership portfolio and represents our fifth dealership in Hamilton. The acquisition advances our continued strategy of diversifying our brand and geographic mix and will provide growth opportunities as we integrate it with our strong portfolio of dealerships.”

Sterling Honda is a well-established business in the Hamilton community, operating out of a recently re-imaged 27,000 square foot facility with 16 mechanical bays and has a track record of delivering top-tier customer satisfaction. Apart from continuing to strengthen the dealership’s performance, the acquisition unlocks additional growth opportunities, including the potential to expand the dealership’s used to new retail units ratio and drive F&I growth.