"It is acquiring a well-performing dealership in a key market for us. The Loiselle's have built a wonderful facility and have been an important part of the Mazda family in Canada for years. With Sylvain Loiselle remaining as dealer principal, as well as the addition of a talented team at AutoCanada, we see great things ahead for Mazda with this change in ownership." As part of the transaction AutoCanada will lease the Dealership lands, including a 35,000 square foot facility, 18 car showroom and 22 service bays. In 2016, the Dealership retailed 1,059 new and used vehicles. The transaction is subject to customary closing conditions and approvals and is expected to close within 30 days. About AutoCanada Inc. AutoCanada is Canada's largest volume automobile dealership group; currently operating 57 franchised dealerships, comprised of 65 franchises, in eight provinces and has over 4,500 employees.