The Performance Auto Group has acquired the Drive Muskoka Group in Huntsville, Ont.
The Performance Auto Group has pushed into Ontario cottage country with the acquisition of a three-store auto dealership group in Huntsville, Ont.
The Brampton, Ont.-based company, which owns more than 30 new-vehicle dealerships across several Toronto suburbs and Niagara region, acquired the Drive Muskoka Group in March, according to a corporate social media post and a listing from broker Dealer Solutions Mergers & Acquisitions . Huntsville Chrysler-Dodge-Jeep-Ram, Huntsville Honda and Hyundai of Muskoka all changed hands as part of the deal. The three stores comprised the Drive Muskoka Group, headed by local dealer Jason Armstrong.The purchase is Performance Auto Group’s first foray outside Ontario’s populous Golden Horseshoe. Its reach previously extended north to dealerships in Orangeville and Bolton.
DSMA, which brokered the deal, said the transaction was a “strategic acquisition” for Performance Auto that will add another “quality dealership group to their portfolio.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ontario spending $4.7M on free training in auto industryThe money will fund a pair of programs designed to provide roughly 360 participants with skills in machine operation, assembly, quality control and logistics, while also preparing automotive technicians.
Read more »
Natalie Portman and Todd Haynes dive into the nature of performance in 'May December' at CannesNatalie Portman stars as an actor researching an upcoming film that’s to dramatize a scandal from 20 years earlier.
Read more »
‘Game changer’: Ontario engineers remove Canadian work experience requirement for immigrantsInternationally trained engineers will no longer be required to have Canadian experience to be licensed in Ontario, as the province adopts a new law that’s meant to remove the barriers keeping skilled immigrants from working in their former professions.
Read more »
Ontario youth plan to appeal climate lawsuit lossSeven young Ontario climate activists, including Sophia Mathur of Sudbury, lost their much-publicized climate lawsuit against the Ontario government back in April
Read more »
LG Energy Solution inks Ontario lithium supply deal with Green Technology MetalsLG Energy Solution is extending its Canadian battery supply chain with a preliminary supply deal and financial backing for an Australia-based miner developing a lithium project in Northern Ontario.
Read more »
Ontario youth camp employee facing charges linked to alleged sex assaults in Ottawa in 1990sOttawa police have charged a man from Minneapolis, Minn. in connection with a sexual assault investigation dating back to the late 1990s when he worked at an Ontario youth leadership camp. ottnews
Read more »