EDMONTON, AB, April 5, 2021 /CNW/ - AutoCanada Inc.
("AutoCanada" or the "Company") (TSX: ACQ), a leading
multi-location North American automobile dealership group,
announced that it has completed the acquisition of PG Klassic
Autobody in Prince George, British
Columbia.
PG Klassic Autobody has served the Prince George community for nearly 50 years
and has built a reputation as a top-tier collision centre. The
business operates out of a facility of more than 20,000 square feet
and is strategically located in close proximity to three of
AutoCanada's dealerships – Northland Chrysler Dodge Jeep Ram,
Northland Hyundai, and Northland Nissan. The acquisition represents
a continuation of the Company's strategy to develop its national
collision centre network to match AutoCanada's dealership
network.
"This marks our second collision centre acquisition since Q4 and
is another step towards our goal of filling out our national
collision centre footprint," said Executive Chairman, Paul Antony. "We strongly believe in 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."
About AutoCanada
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. In 2020, our dealerships sold approximately 66,000
vehicles and processed over 700,000 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.