AutoCanada announced that it will acquire Mercedes-Benz Heritage Valley.
Mercedes-Benz Heritage Valley is one of only two Mercedes-Benz dealerships in Edmonton, with a 78,733 square foot facility, a 22-car showroom, 23 service bays and nine detail bays.
“We are thrilled to acquire Mercedes-Benz Heritage Valley and to expand our luxury brand portfolio,” said Paul Antony, executive chairman. “This acquisition is consistent with our strategy of selective and disciplined acquisitions, with a view to superior operational performance and diversification of our portfolio of dealerships.”
“With its stunning state-of-the-art facility, Mercedes-Benz Heritage Valley will be a flagship dealership for AutoCanada in our home of Edmonton,” said Michael Rawluk, president. “We look forward to the opportunity to continue to build the Mercedes-Benz brand in the Edmonton market and we are committed to operational excellence at Mercedes-Benz Heritage Valley. I have full confidence in Bobby Ammar, who will be appointed as dealer principal.”
“Mercedes-Benz is pleased to partner again with AutoCanada,” said Brian D. Fulton, president and CEO of Mercedes-Benz Canada. “We would like to thank Tom Wilson for taking Mercedes-Benz Heritage Valley to the stage that it is at today, and we look forward to continued growth and success for its new owners, AutoCanada and dealer principal Bobby Ammar, at Mercedes-Benz Heritage Valley.”
The acquisition of Mercedes-Benz Heritage Valley by AutoCanada remains subject to customary closing conditions and is expected to close by the end of September 2018.