Dealership group announces the acquisition of Guelph Hyundai.
AutoCanada has entered into an agreement to purchase Guelph Hyundai, located in Guelph, Ontario. The relatively new store, built in 2014, boasts annual sales of approximately $31 million (in 2015).
“We are extremely pleased to welcome Guelph Hyundai into our Ontario dealer group,” said Steven Landry, CEO of AutoCanada. “The dealership, recently owned and operated by Graham Dennis, has a long history in the Guelph community, serving their customers for decades. AutoCanada is pleased to add to our cluster dealership model in the Guelph area and increase our business in Ontario.”