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AutoCanada Expands Used Digital Retail Division—Acquires Winnipeg’s Auto Gallery

Autosphere » Dealerships » AutoCanada Expands Used Digital Retail Division—Acquires Winnipeg’s Auto Gallery
AutoCanada acquires Winnipeg's Auto Gallery and its the underlying real estate. Photo Adobe Stock

AutoCanada, a multi-location North American automobile dealership group, announced that it has acquired Auto Gallery of Winnipeg, an independent used vehicle dealership in Winnipeg, Manitoba.

Operating for over 20 years serving Winnipeg and surrounding areas, Auto Gallery is one of Manitoba’s leading used vehicle dealerships. Auto Gallery is a consistent winner of the Top Choice Award for being the #1 Used Dealership in Canada for used car referrals and has been recognized with numerous other awards including Consumer Choice Awards for outstanding performance.

“The addition of Auto Gallery’s high-quality used vehicle operations further expands on our Used Digital Retail initiative—a strategy to address the substantial opportunity in the Canadian market with the dedicated sale of used vehicles across all channels, including completely online,” said Executive Chairman, Paul Antony. “This acquisition also aligns with our strategy of geographic diversification as it expands our network of used dealerships, furthers our exposure into the Manitoba market and provides a central strategic logistics hub between Winnipeg and Ontario locations and our Western locations.”

Financial Highlights

The acquired dealership generates in excess of $15 million in annual revenue. The transaction includes the acquisition of the underlying real estate and will be funded from a drawdown of the Company’s credit facility. The transaction is expected to be accretive to 2022 earnings.

 

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