AutoCanada Inc. has added two more dealerships to its Ontario portfolio as the Edmonton-based company continues to expand its geographic footprint and mix of brands.
The dealership group said May 2 it had acquired Porsche of London and Audi Windsor for an undisclosed price.
The pair of dealerships, owned by Southwestern Ontario’s Leavens Automotive Group, generate revenues of more than $80 million annually, AutoCanada said, and are each recently built. The purchase includes the underlying real estate in both London and Windsor, Ont.
AutoCanada Executive Chairman Paul Antony said the acquisition will create new growth opportunities for the company in Ontario and add to its roster of luxury locations.
"Notably, the acquisition expands our relationship with Audi and brings Porsche into our Canadian dealership portfolio,” he said in a release.