AutoCanada (TSE:ACQ) has released an update.
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AutoCanada Inc. has expanded its dealership network with the acquisition of Nurse Chevrolet Cadillac in Whitby, Ontario, increasing its Ontario footprint to 23 locations and adding a new Cadillac store to its portfolio. The well-established dealership and collision center, which boasts annual revenues exceeding $80 million, will continue to be operated by its current management team. This strategic move is expected to be accretive to AutoCanada’s 2024 earnings and enhances its relationship with General Motors Canada.
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