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Bullboard - Stock Discussion Forum AutoCanada Inc T.ACQ

Alternate Symbol(s):  AOCIF

AutoCanada Inc. is a Canada-based multi-location franchised automobile dealership company. It offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services. Its segments include Canadian Operations and U.S. Operations. It operates over 83 franchised dealerships, comprised... see more

TSX:ACQ - Post Discussion

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Post by BeyondValuez on Jun 26, 2024 1:37pm

News

We are grateful that Mary Nurse chose AutoCanada to be the steward of this business. The Nurse family served the community for the last 50-plus years and we look forward to proudly carrying their legacy into the future. Further, Mary's fair and authentic leadership style have enabled her to pioneer the way for women in automotive in Canada. She has attracted and built a high-quality team capable of taking on the next leg of the journey. We are excited to be working with the team at Nurse to further grow the business and serve customers throughout the Whitby market," said executive chairman Paul Antony. "This acquisition adds a strong dealership with significant growth potential, bringing our Ontario dealership footprint to 23 locations. It also adds another certified collision centre to AutoCanada's Collision platform, which now consists of 28 collision centres with 10 located in Ontario. Notably, the acquisition expands our relationship with General Motors Canada, adds another Cadillac store into our dealership portfolio and represents our first dealership in Whitby."
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