AutoCanada Inc. is scooping up another dealership.
The dealership group announced recently that it entered an agreement to purchase Wellington Motors Limited, which operates a Chrysler Dodge Jeep Ram Fiat dealership in Guelph, Ont.
“We are extremely pleased to welcome Wellington Motors into our Ontario dealer group. The dealership recently owned and operated by Ted and Mike Woods has a long history serving the Guelph community, recently celebrating its 75th anniversary. We are thrilled to acquire such a flagship store in Ontario. The Woods family has been a staple in the Guelph community and AutoCanada intends to continue that strong tradition,” said Steven Landry, CEO of AutoCanada, in a written release.
The purchase includes the dealership land and 40,793 sq.ft. facility with a 12 car showroom and 16 service bays. In 2015, Wellington Motors Limited sold 968 new vehicles and 402 used vehicles, with an annual revenue of approximately $61-million.
