EDMONTON, AB, Aug. 2, 2022 /CNW/ – AutoCanada Inc. (“AutoCanada” or the “Company”) (TSX:ACQ), a multi-location North American automobile dealership group, announced today that it has acquired Kelleher Forda new and used vehicle Ford dealership and collision centre, located in BrandonManitoba.
“This high-quality operation is our second Ford dealership and initiates our presence in Western Manitoba – an attractive truck market, while providing the opportunity to further expand our presence in the market,” said Executive Chairman, Paul Antony. “We are pleased to welcome the team from Kelleher Fordand we look forward to many opportunities for continued growth as we integrate them into our strong portfolio of dealerships.”
Kelleher Ford is the largest Ford dealership in Western Manitobaoperating for over 25 years with facilities of more than 35,000 square feet on seven acres, including a collision centre. The current management team will continue to operate the business going forward. Apart from continuing to strengthen the dealership’s performance, the acquisition unlocks additional growth opportunities, including the potential to expand AutoCanada’s used vehicle, finance and insurance, collision and RightRide businesses. The transaction includes the acquisition of the underlying real estate.