A Canadian duo has bought its first U.S. dealership, snapping up a retailer in Illinois after failing to discover a appropriate purchase in Michigan, opening the door to additional enlargement in the US.

After greater than twenty years, Chip Banks on Could 26 offered his solely dealership, Chip Banks Chevrolet-Buick in Du Quoin, Sick., to enterprise companions Scott Elliott and Mike Bezzoubkin of Canada.

Now named Du Quoin Chevrolet-Buick, it is the primary U.S. dealership acquisition for Elliott and Bezzoubkin. Du Quoin is southeast of St. Louis.

The pair owns one different dealership, Amherstburg Chevrolet-Buick-GMC in Amherstburg, Ont., which they bought in 2016.

That dealership sits alongside the Detroit River, about 20 minutes from the Windsor-Detroit crossing. Elliott instructed sibling publication Automotive Information he and Bezzoubkin had been on the lookout for dealerships to purchase in Michigan for his or her enlargement, however realized about Banks’ dealership alternative from Paul Kechnie of Efficiency Brokerage Companies.

“We went down there to take a look at it and knew it was going to suit our want,” stated Elliott, who co-owns the Illinois retailer with Bezzoubkin. “And it opens up the Midwest for us and for our enterprise right here in Canada.”

Kechnie, who represented Banks within the sale, instructed Automotive Information that Banks, the dealership’s authentic proprietor, wished to retire.