The Efficiency Auto Team has driven into Ontario cottage nation with the purchase of a three-store auto dealership crew in Huntsville, Ont.
The Brampton, Ont.-based corporate, which owns greater than 30 new-vehicle dealerships throughout a number of Toronto suburbs and Niagara patch, obtained the Force Muskoka Team in March, in line with a company social media put up and a list from dealer Broker Answers Mergers & Acquisitions (DSMA).
Huntsville Chrysler-Dodge-Jeep-Ram, Huntsville Honda and Hyundai of Muskoka all modified arms as a part of the offer. The 3 retail outlets comprised the Force Muskoka Team, headed via native broker Jason Armstrong.
Monetary main points of the transaction weren’t disclosed.
The acquisition is Efficiency Auto Team’s first foray outdoor Ontario’s populous Yellowish Horseshoe. Its achieve up to now prolonged north to dealerships in Orangeville and Bolton.
DSMA, which brokered the offer, mentioned the transaction was once a “strategic acquisition” for Efficiency Auto that may upload every other “quality dealership group to their portfolio.”
