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AutoCanada expands presence in the greater toronto area, acquiring Two luxury collision centres in scarborough, ontario
AutoCanada expands presence in the greater toronto area, acquiring Two luxury collision c...
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[{"type":"text","content":"\n \n \n \n AutoCanada expands presence in the greater toronto area, acquiring Two luxury collision centres in scarborough, ontario\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 Nov. 7, 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 two luxury collision centre locations – Excellence Auto Collision Silver Star and Excellence Auto Collision Midwest, both located in\n \n Scarborough, Ontario\n \n .\n \n \n \n \n \n \n \n \n \n Excellence Auto is one of the premiere collision repair operators across all of\n \n Canada\n \n . The business has provided collision repair services to\n \n Scarborough\n \n and the\n \n Greater Toronto Area\n \n (\"GTA\") for over 30 years and operates out of more than 60,000 square feet of state-of-the-art facilities between the two locations. The collision centres maintain certifications with Tesla, Mercedes-Benz, Porsche, Audi, BMW, Mini, Lucid, VinFast and Volkswagen. The current ownership and management team will continue to operate the business going forward. This acquisition represents a continuation of the Company's goal to further expand and develop its national collision centre network.\n \n \n \"The addition of this high-quality business continues the strategic expansion of our national collision footprint and builds on our relationship with Tesla, bringing our total Tesla-certified locations in the prime GTA market to three including Velocity Autobody in\n \n Markham, Ontario\n \n ,\" said Executive Chairman,\n \n Paul Antony\n \n . \"Our focus remains on supporting our customers and OEM partners through the entire vehicle ownership lifecycle – which includes repairing vehicles by following OEM recommended repair procedures and using the recommended OEM parts to ensure the integrity of repaired vehicles. Excellence Auto Collision's experienced team have built a tremendous reputation in the GTA market, and we l...