Lithia Motors Inc. said Tuesday that it purchased Sisley Honda in Thornhill, Ont., near Toronto, adding to its Canadian holdings. Lithia said it made the acquisition via its Pfaff Automotive Partners unit. Pfaff is the Toronto-based dealership group that Lithia acquired last year.
Lithia did not say when the transaction was finalized nor did it disclose a name change for the dealership.
Sisley Honda was founded in 1946 and is one of the highest-volume Honda stores in Canada, Lithia said in a statement announcing the deal.
Lithia CEO Bryan DeBoer said in the statement that the addition of Sisley Honda enables the retailer to expand its Driveway digital retailing platform and helps Lithia strengthen its position in one of Canada's top markets.
It's Lithia's most recent acquisition in Canada since purchasing motorcycle dealership Pfaff Harley-Davidson of Toronto late last year.
Lithia said the acquisition of Sisley Honda bring its total expected annualized revenue acquired so far in 2022 to more than $1.2 billion.
Lithia, of Medford, Ore., ranks No. 2 on sibling publication Automotive News' list of the top 150 dealership groups based in the United States, with retail sales of 260,738 new vehicles in 2021.
