401 Staff buys Stellantis bundle in North Bay ‘connecting the entire dots’ in Northern Ontario

BE desk

The 401 Staff of Firms has taken some other step towards “connecting all the dots” in Northern Ontario with the June 1 acquisition of Farquhar Chrysler-Dodge-Jeep-Ram, its first bundle in North Bay.

The acquisition builds at the dealership team’s robust presence within the southern a part of the province and its footprint in Sudbury, stated Ted Lancaster, the corporate’s government vice-president of industrial construction, and mergers and acquisitions.

“It fits well with our business,” which now totals 19 new-vehicle dealerships in Ontario, Lancaster instructed Car Information Canada.

The Cambridge, Ont.-based dealership team bought a majority pastime within the bundle from proprietor Ryan Farquhar. Monetary phrases of the offer weren’t disclosed.

Together with the North Bay locale and just about 25,000 square-foot (about 2,300 square-metre) dealership facility, Lancaster stated the bundle’s long-tenured group of workers stood out as one of the most rationales for the purchase.

“A lot of them have been there for a number of years, and with what we’re capable of doing and working with people that have been in the community for a long time, it just fits very, very well for us and for our brand.”

The dealership team operates basically in smaller Ontario markets, specializing in integrating up-to-date gross sales tactics and govern month era on the shops it acquires.

The North Bay offer follows a couple of acquisitions that closed past due endmost moment and added seven new-vehicle dealerships to the 401 Staff’s portfolio. The corporate now owns 19 new-car dealerships, in addition to greater than a lot RV and powersports shops throughout Ontario.

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