AutoCanada Inc., has bought Premier Chevrolet-Cadillac-Buick-GMC in Windsor, Ont., including a 3rd dealership to its portfolio within the southwestern Ontario metropolis.
The Edmonton-based dealership group, which now owns 83 new-vehicle shops in Canada, introduced the acquisition April 18. Monetary phrases of the deal weren’t disclosed, although AutoCanada stated the Windsor dealership and its adjoining collision centre earn greater than $70 million in income yearly.
The corporate’s Government Chairman Paul Antony stated the acquisition “additional bolsters” AutoCanada’s footprint in Windsor, which already included Rose Metropolis Ford and Windsor Audi.
“This acquisition not solely provides a dealership with vital progress potential to our portfolio, but additionally brings a licensed collision centre into the AutoCanada Collision platform,” Antony stated in a launch.
The Windsor GM dealership sits on 5 acres of land and has amenities that cowl 42,000 square-feet (3,900 square-metres), AutoCanada stated. The collision centre has 14 service bays and occupies about 30 per cent of the entire footprint.
The dealership, which has operated in Windsor for practically 50 years, was beforehand owned by Tom Mayhew and Craig Lanoue, who acquired it 2018.
AutoCanada stated the dealership’s present administration staff will keep on to function the enterprise going ahead. Jordan Smith, the dealership’s former normal supervisor, is now listed because the joint supplier principal and normal supervisor.