The Efficiency Auto Group has pushed into Ontario cottage nation with the acquisition of a three-store auto dealership group in Huntsville, Ont.
The Brampton, Ont.-based firm, which owns greater than 30 new-vehicle dealerships throughout a number of Toronto suburbs and Niagara area, acquired the Drive Muskoka Group in March, in accordance with a company social media put up and an inventory from dealer Seller Options Mergers & Acquisitions (DSMA).
Huntsville Chrysler-Dodge-Jeep-Ram, Huntsville Honda and Hyundai of Muskoka all modified palms as a part of the deal. The three shops comprised the Drive Muskoka Group, headed by native supplier Jason Armstrong.
Monetary particulars of the transaction weren’t disclosed.
The acquisition is Efficiency Auto Group’s first foray outdoors Ontario’s populous Golden Horseshoe. Its attain beforehand prolonged north to dealerships in Orangeville and Bolton.
DSMA, which brokered the deal, stated the transaction was a “strategic acquisition” for Efficiency Auto that may add one other “high quality dealership group to their portfolio.”
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