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AutoCanada will draw on credit facility to buy Windsor dealership
Chicago, April 18 – AutoCanada Inc. announced it will draw on the company’s credit facility for its acquisition of the Premier Chevrolet Cadillac Buick GMC new and used vehicle dealership and collision center located in Windsor, Ont., according to a press release.
The acquired dealership including the collision center generates in excess of C$70 million in annual revenue.
The acquisition is expected to be accretive of 2023 earnings.
The North American automobile dealership group is based in Edmonton, Alta.
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