Lithia Motors Inc. closes acquisition of luxury car dealership chain Pfaff Motors
August 30, 2021
On August 30, 2021, Lithia Motors Inc. completed its acquisition of luxury car dealership chain Pfaff Automotive Partners, including eight owned real estate properties in the GTA and all of Pfaff’s real estate leases. The acquisition marked the first step in Lithia's expansion into Canada.
Lithia Motors is the second largest automotive retailer in the U.S. with more than 250 locations nationwide.
McCarthy Tétrault advised Lithia with a team led by Gordon Cameron and Jessica Brown that included Ashley Wilson, Farhiyah Shariff, Niki Gill and Connor O’Brien (M&A), Tina Peters, Jessie Bachinsky and David Meier (Real Property), Brian Lipson and Jamie Gibb (Automobile Regulatory), Trevor Morawski, Christina Grimes, Sydney Hamilton and Emma Holmes (Financial Services), Kim Brown, Jeremy Ho and Wendy Brousseau (Tax), Dean Masse (Securitization), Dominic Thérien and Kate McNeece (Investment Canada/Competition), Kimberly Howard (Environmental), Shana Wolch, Ben Aberant, Justin Turc and Jessica Wuergler (Employment), Deron Waldock (pensions & benefits), Stéphane Duval and Heather Michelin (Immigration), and Vincent Yip (Intellectual Property).