Strategic acquisition adds dedicated non-luxury capacity to optimize network throughput and operational synergies

Transaction Highlights

• Expands AutoCanada's Edmonton collision repair platform through the acquisition of Doug's Place Southgate, adding approximately 7,540 square feet of collision repair capacity.
• Brings certifications across 10 OEM brands, including Honda, Acura, Stellantis, Ford, Kia, Nissan, and Toyota, further strengthening AutoCanada's OEM-certified repair capabilities.
• Complements AutoCanada's local network by adding dedicated non-luxury repair capacity located in close proximity to six franchised dealerships, enhancing the Company's ability to capture referral volume across the Edmonton market.

EDMONTON, AB, Sept. 2, 2026 /CNW/ -- AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a leading Canadian multi-location automobile dealership and collision repair group, today announced the completion of its acquisition of Doug's Place Southgate, a collision repair business based in Edmonton, Alberta.

Doug's Place Southgate is a trusted Edmonton-based operator with a long-standing reputation for quality craftsmanship, technical expertise, and exceptional customer service. The acquisition of Doug's Place Southgate builds upon AutoCanada's initial purchase of the first Doug's Place location (Strathcona) in October 2025.

"The addition of Doug's Place Southgate is an excellent strategic fit that enhances the efficiency of our overall Edmonton platform by adding much-needed capacity in close proximity to our existing footprint," said Samuel Cochrane, Chief Executive Officer of AutoCanada. "The acquisition advances our strategic focus on the collision business and directs additional capital toward assets where we have a demonstrated advantage and clear opportunities to create value."

Doug's Place Southgate adds approximately 7,540 square feet of collision repair capacity to AutoCanada's network. The facility holds certifications across 10 OEM brands, including Honda, Acura, Stellantis, Ford, Kia, Nissan, and Toyota. In addition, Southgate currently maintains Direct Repair Programs (DRPs) with several major insurance carriers, including TD Insurance, Intact, Co-operators, Definity, and the Alberta Motor Association (AMA).

Doug's Place Southgate will continue to operate with its experienced local team, leveraging AutoCanada's national platform, insurer relationships, OEM partnerships, and operational best practices.

About AutoCanada
AutoCanada's Dealership Operations segment operates 61 franchised dealerships in Canada, comprised of 23 automotive brands across 8 provinces as well as three independent used dealerships ("Used Vehicle Operations"). AutoCanada currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2025, our Canadian dealerships sold approximately 71,000 new and used retail vehicles. AutoCanada's U.S. franchise dealerships, operating as Leader Automotive Group ("Leader"), operate 9 franchised dealerships comprised of 6 brands, in Illinois, USA. In 2025, our U.S. dealerships sold approximately 8,000 new and used retail vehicles. Leader is classified as discontinued operations as the Company progresses the sale of its U.S. dealership portfolio.

AutoCanada's Collision Operations segment, operating under the ACX brand, operates 38 collision centres ("Collision Centres"), supported by 26 Original Equipment Manufacturer ("OEM") certifications covering 37 vehicle brands. The Company's Collision Operations enables customer retention across multiple touchpoints within the automotive ownership lifecycle.

Forward-Looking Statements

Certain statements contained in this press release are forward-looking statements and information (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. We hereby provide cautionary statements identifying important factors that could cause our actual results to differ materially from those identified in these forward-looking statements. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "will continue", "is anticipated", "projection", "vision", "goals", "objective", "target", "schedules", "outlook", "anticipate", "expect", "estimate", "could", "should", "plan", "seek", "may", "intend", "likely", "will", "believe" and similar expressions) are not historical facts and are forward looking. In particular, this press release contains forward-looking statements with respect to, among other things, future operating results of the acquired collision centres, the successful integration of Doug's Place Southgate into AutoCanada's business, the realization of anticipated operational and commercial synergies, the retention of collision repair volume within AutoCanada's network, and the growth of the Company's collision operations.

AutoCanada cautions that the foregoing forward-looking statements are subject to assumptions, risks and uncertainties and our ability to mitigate and address those risks and uncertainties. The Company's Annual Information Form, Section 12. Risk of the Company's Management's Discussion and Analysis for the three and six-month periods ended June 30, 2026, and other documents filed with securities regulatory authorities (accessible through the SEDAR website at www.sedarplus.ca) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The forward-looking statements contained in this press release speak only as of the date hereof and AutoCanada assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.

Additional Information

Additional information about AutoCanada is available at the Company's website at www.autocan.ca and on SEDAR+ at www.sedarplus.ca.

SOURCE AutoCanada Inc.