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AUTOCANADA EXPANDS INTO WESTERN MANITOBA WITH ACQUISITION OF KELLEHER FORD DEALERSHIP AND COLLISION CENTRE IN BRANDON, MANITOBA
AUTOCANADA EXPANDS INTO WESTERN MANITOBA WITH ACQUISITION OF KELLEHER FORD DEALERSHIP AND...
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[{"type":"text","content":"\n \n \n \n AUTOCANADA EXPANDS INTO WESTERN MANITOBA WITH ACQUISITION OF KELLEHER FORD DEALERSHIP AND COLLISION CENTRE IN BRANDON, MANITOBA\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n EDMONTON, AB\n \n \n ,\n \n \n Aug. 2, 2022\n \n \n /CNW/ - AutoCanada Inc. (\"AutoCanada\" or the \"Company\") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that it has acquired\n \n Kelleher Ford\n \n , a new and used vehicle Ford dealership and collision centre, located in\n \n Brandon\n \n , Manitoba.\n \n \n \n \n \n \n \n \n \n \"This high-quality operation is our second Ford dealership and initiates our presence in\n \n Western Manitoba\n \n – an attractive truck market, while providing the opportunity to further expand our presence in the market,\" said Executive Chairman,\n \n Paul Antony\n \n . \"We are pleased to welcome the team from\n \n Kelleher Ford\n \n , and we look forward to many opportunities for continued growth as we integrate them into our strong portfolio of dealerships.\"\n \n \n \n Kelleher Ford\n \n is the largest Ford dealership in\n \n Western Manitoba\n \n , operating 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.\n \n \n \n Financial Highlights\n \n \n \n The acquired dealership including the collision centre generates in excess of\n \n $50 million\n \n in annual revenue. The transaction will be funded from a drawdown of the Company's credit facility and is expected to be accretive to 2022 earnings.\n \n \n \n About AutoCanada\n \n \n \n AutoCanada is a leading North American multi-location automobile d...