The Queenston Automotive Group has added a fifth new-vehicle retailer to its rising portfolio that straddles Hamilton and Guelph, Ont.
The dealership group mentioned it closed on the acquisition of Guelph Metropolis Mazda, situated in a big auto mall on the western fringe of Guelph, on July 1. Phrases of the deal weren’t disclosed.
The acquisition raises Queenston Automotive’s retailer rely within the metropolis about 100 kilometres west of Toronto to a few. The corporate additionally owns Guelph Nissan and Guelph Infiniti, which share a rooftop simply down the road from the Mazda location.
Firm CEO Gordon Albini mentioned the shop is “a wonderful addition to our group and really enhances and enhances our present operations” in Guelph.
Based in 1968, Queenston Automotive relies in Hamilton, the place it owns Queenston Chevrolet Buick GMC and Picture Honda. The corporate additionally owns a used-vehicle dealership in close by Burlington.
The deal for Guelph Metropolis Mazda, which opened in 1987, was brokered by the Tim Lamb Group.
Queenston Automotive mentioned that Mohsen Kharian, the shop’s former seller principal, will keep on as normal supervisor of the dealership following the acquisition.