EDMONTON, ALTA. – AutoCanada is strengthening its foothold in Ontario with the announcement of its latest deal for two Nissan points.
Canada’s only publically traded dealership group said this week it had purchased the operating assets of Hunt Club Nissan in Ottawa, Ont., from Jean Malouin.
Malouin will retain an ownership interest in the store and remain on as dealer principal.
Hunt Club Nissan operates from a five-acre, 27,608-square foot leased facility that boasts a 12-car showroom, 13 service bays, four detail bays and one alignment bay.
AutoCanada figures show the store retailed 1,109 new vehicles and 452 used vehicles last year.
As part of the transaction, the group also acquired the right to a new Nissan open point dealership in Ottawa to be operated out of a new leased facility in the Southwest part of Ottawa. Construction on that second store is expected to wrap sometime in 2016.
Malouin will retain an ownership interest in the new store, as well.
“The acquisition of Hunt Club Nissan is a very exciting opportunity for the company, increases our Ontario presence, and allows for the creation of a Greater Ottawa platform – a highly desirable region with one of Canada's highest per capita average incomes,” AutoCanada chief Tom Orysiuk said in a statement.
AutoCanada is one of Canada's largest multi-location automobile dealership groups, currently operating 51 franchised dealerships, comprised of 59 franchises, in eight provinces and has over 3,600 employees. It currently owns four Nissan stores.