The 401 Group of Firms has taken one other step towards “connecting all of the dots” in Northern Ontario with the June 1 acquisition of Farquhar Chrysler-Dodge-Jeep-Ram, its first retailer in North Bay.

The acquisition builds on the dealership group’s sturdy presence within the southern a part of the province and its footprint in Sudbury, mentioned Ted Lancaster, the corporate’s government vice-president of enterprise improvement, and mergers and acquisitions.

“It matches nicely with our enterprise,” which now totals 19 new-vehicle dealerships in Ontario, Lancaster advised Automotive Information Canada.

The Cambridge, Ont.-based dealership group bought a majority curiosity within the retailer from proprietor Ryan Farquhar. Monetary phrases of the deal weren’t disclosed.

Together with the North Bay locale and practically 25,000 square-foot (about 2,300 square-metre) dealership facility, Lancaster mentioned the shop’s long-tenured employees stood out as one of many rationales for the acquisition.

“Lots of them have been there for quite a few years, and with what we’re able to doing and dealing with individuals which were in the neighborhood for a very long time, it simply matches very, very nicely for us and for our model.”

The dealership group operates primarily in smaller Ontario markets, specializing in integrating new gross sales strategies and lead era know-how on the shops it acquires.

The North Bay deal follows a pair of acquisitions that closed late final 12 months and added seven new-vehicle dealerships to the 401 Group’s portfolio. The corporate now owns 19 new-car dealerships, in addition to greater than a dozen RV and powersports shops throughout Ontario.