Thursday, June 5, 2014

AutoCanada Inc. - ACQ.t

AutoCanada Inc. - ACQ.t Operates 30 franchised dealerships in Canada with over 30,000 vehicles sold in 2012.

The company sold 1 in every 83 new vehicles in Canada and processed over 310,000 service and collision orders in 333 service bays in 2012.

On June 5, 2014 the company released NEWS

AutoCanada Inc. (“AutoCanada” or the “Company”) (TSX: ACQ) announced today an upward revision to its acquisition guidance to complete an additional 8 to 10 dealership acquisitions over the coming 12 months.

Commenting upon this revised acquisition guidance, Pat Priestner, Chairman and CEO of AutoCanada stated, “The deal pipeline continues to be strong, and for that reason Management is confident that it shall be able to add 8 to 10 dealerships over the coming 12 months. These acquisitions are in addition to the three dealership acquisitions we closed in March and April of this year and the purchase agreements for eight dealerships, including a group (of which Canbec BMW/Mont Royal MINI were included), which we announced on 29 April 2014.”