EDMONTON, AB, Oct. 4, 2021 /CNW/ - AutoCanada Inc.
("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North
American automobile dealership group, announced that it has
completed the acquisition of Airdrie Autobody, a collision centre
located in Airdrie, Alberta.
Airdrie Autobody has been providing high quality service to the
Airdrie community for over 25
years and is strategically located close to seven of AutoCanada's
dealerships including: Airdrie Chrysler Dodge Jeep Ram, Courtesy
Chrysler, Crowfoot Hyundai, Fish Creek Nissan, Hyatt Infiniti,
Northland Volkswagen, and Tower Chrysler. The acquisition supports
the Company's strategy to develop its national collision centre
network to match AutoCanada's existing dealerships.
"The addition of this well-managed business marks the fourth
collision centre acquisition since Q4 2020 and aligns with our goal
of expanding our national collision centre footprint," said
Executive Chairman, Paul Antony.
"Our focus remains on supporting our customers and OEM partners
through the entire vehicle ownership lifecycle – including
collision repair. Increasing vehicle complexity puts a further
emphasis on fixing vehicles the right way – using parts and
procedures prescribed by the OEM."
AutoCanada is a leading North American multi-location automobile
dealership group currently operating 66 franchised dealerships,
comprised of 27 brands, in eight provinces in Canada as well as a group in Illinois, USA. AutoCanada currently sells
Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC,
Buick, Cadillac, Ford, Infiniti,
Nissan, Hyundai, Subaru, Audi, Volkswagen, Kia, Mazda,
Mercedes-Benz, BMW, MINI, Volvo, Toyota, Lincoln, Honda and Porsche branded vehicles.
Additionally, the Company's Canadian operations segment currently
operates two used vehicle dealership supporting the Used Digital
Retail Division, and three stand-alone collision centres (within
our group of 18 collision centres). In 2020, our dealerships sold
approximately 66,000 vehicles and processed over 756,000 service
and collision repair orders in our 1,098 service bays generating
revenue in excess of $3 billion.
Additional information about AutoCanada Inc. is available at
www.sedar.com and the Company's website at www.autocan.ca.
SOURCE AutoCanada Inc.