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AutoCanada Acquires Two Ontario Porsche and Audi Dealerships

Autosphere » Dealerships » AutoCanada Acquires Two Ontario Porsche and Audi Dealerships
AutoCanada expands their footprint in Ontario and acquires Porsche of London and Audi Windsor. PHOTO Dillon Kydd / Unsplash

AutoCanada, a multi-location North American automobile dealership group headquartered in Edmonton, Alberta, announced that it has acquired Porsche of London and Audi Windsor, located in London and Windsor, Ontario, respectively. 

“We’re excited about the addition of these high-quality Audi and Porsche dealerships, further expanding our platform in Ontario while adding brand diversity and increasing the mix of luxury dealerships within our overall portfolio,” said Executive Chairman, Paul Antony. “Notably, the acquisition expands our relationship with Audi and brings Porsche into our Canadian dealership portfolio. The acquisition of these dealerships advances our continued strategy of diversifying our brand and geographic mix and will provide tremendous growth opportunities as we integrate them with our strong portfolio of dealerships.”

Bolstering AutoCanada’s platform 

Both dealerships operate out of recently built, fully imaged, facilities and have a track record of delivering top-tier customer satisfaction experiences. Further, this acquisition strategically bolsters AutoCanada’s platform in London and Windsor, attractive markets in Southwestern Ontario. Apart from continuing to strengthen the dealerships’ performance, the acquisition unlocks additional growth opportunities, including the potential to expand AutoCanada’s collision centre footprint in each of the markets. The transaction includes the acquisition of the underlying real estate for both dealerships.

 

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