• Eagers to acquire 65% of CanadaOne Auto Group for C$2.145 billion
• Acquisition to be funded through share issuance and cash
• Unanimous shareholders agreement in place with CanadaOne founders

Eagers Automotive Ltd has entered into a share purchase agreement to acquire all of the issued and outstanding shares of a holding corporation that owns the CanadaOne Auto Group (COAG), a leading Canadian automotive retailer. The base purchase price is C$2.145 billion, subject to customary adjustments. Eagers will satisfy the purchase price through the issuance of Class B Common Shares and Class C Preferred Shares, as well as cash consideration. The existing owners of COAG, the Priestner Group, will receive the share consideration and will ultimately own 35% of the acquired entity, with Eagers owning the remaining 65%. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in Q1 2026. A unanimous shareholders agreement has been put in place between Eagers and the Priestner Group, which outlines the governance structure, transfer rights and restrictions, and put and call options for the acquired entity.