AutoCanada is an automobile dealership that also has collision centers across North America. It has acquired two Excellence Auto Collision centers to expand its network.
Regarding its expansion policy, AutoCanada recently acquired two luxury collision centers. The two centers – Excellence Auto Collision Midwest and Excellence Auto Collision Silver Star – were purchased in Scarborough, Ontario.
Excellence Auto has provided collision repair services in the Greater Toronto Area and Scarborough for more than 30 years. Its two locations have more than 60,000 square feet of high-tech facilities. The centers have certifications with Tesla, Porsche, Mercedes-Benz, BMW, Audi, Lucid, Volkswagen, etc.
Apart from this expansion, AutoCanada also focused on expanding its national collision footprint. It has worked to build its relationship with Tesla to increase its Tesla-certified locations in the GTA market to three.
The collision centers acquired by AutoCanada generate more than $10 million in revenue annually. These earnings will be accretive to the 2022 earnings of AutoCanada. The current management and ownership team of Excellence Auto will continue to operate the business.
Words of the Chairman
With this development, Paul Antony, the company’s executive chairman, said that they aim to support their customers and OEM partnerships through this acquisition. AutoCanada works to aid OEM partners, and customers repair vehicles using the recommended OEM parts. This ensures the integrity of the vehicles and customer satisfaction. He added that Excellence Auto Collision has a robust reputation in the market- thanks to its team- and they only wish to grow this legacy soon.
AutoCanada Inc is a North America-based automobile dealership group. It has 81 franchised dealerships with 28 brands as partners. Its area of work includes 8 provinces in Canada and Illinois, USA. The Canadian operations of AutoCanada also operate in three used vehicle dealerships and nine stand-alone collision centers. Apart from that, it has a group of 24 collision centers.