AutoCanada’s parting with its American dealerships continues.

The Edmonton-based dealership group said the sale of North City Honda in Chicago has been completed. It’s the fourth deal to close among the six locations included in sale agreements announced by AutoCanada in July, totaling $82.7 million Canadian.

AutoCanada said North City Honda sold for $18.2 million in cash, which will be applied to pay down outstanding debt. The buyer is Victory Automotive Group, a Michigan-based business that operates 56 locations in 11 states, which has renamed the dealership Victory Honda Chicago Northside.

AutoCanada continues to seek buyers for its three U.S. locations not included in the agreements.

The company said North City Honda generated sales of $66.6 million and a net loss of $3.2 million in the 12 months ending June 30.

Lebel joins board of directors

AutoCanada announced the appointment of Felix-Etienne Lebel to its board of directors, effective immediately.

Lebel founder and managing partner of Toronto-based investment firm Rowanwood, has more than two decades of private equity and capital markets experience. He previously served 13 years as a partner and member of the investment committee for Birch Hill Equity Partners. In a news release, AutoCanada said he played a key role in sourcing, executing and exiting investments in B2B and B2C sectors, including IT, software, logistics, facility services, equipment rental, manufacturing, transit and telecom.

Lebel currently serves on the boards of Alaris Equity Partners Income Trust, Midland Appliance and Morningside Capital, and on the advisory board of Sherweb. He previously held leadership roles on the boards Softchoice Corporation, Citron Hygiene, Groupe Maskatel, Sigma Systems and Harbour Air Seaplanes.

“His deep experience in private equity, strong board leadership and broad exposure to both B2B and consumer-facing businesses will be a valuable asset as we continue to execute on our transformation plan and reposition the company for long-term value creation,” AutoCanada executive chairman Paul Antony said.