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EDMONTON — Autosa¹ú¼Ê´«Ã½ Inc. says it has bought 11 auto dealerships from the Autopoint Group in southwestern Ontario.

Financial terms of the deal were not immediately available.

Autosa¹ú¼Ê´«Ã½ says the dealerships generate annual revenue of over $345 million, selling and servicing Honda, Acura, Nissan, Infiniti, Subaru, and Kia vehicles. 

The deal increases Autosa¹ú¼Ê´«Ã½'s dealership count in Ontario to 18 from seven.

Autosa¹ú¼Ê´«Ã½ says it has also signed a deal to buy North London Toyota from Autopoint, but the acquisition remains subject to conditions, including OEM approval.

Autosa¹ú¼Ê´«Ã½ operates 78 franchised dealerships, including 28 brands, in eight provinces in sa¹ú¼Ê´«Ã½ as well as a group in Illinois.

This report by The Canadian Press was first published Dec. 1, 2021.

Companies in this story: (TSX:ACQ)

The Canadian Press