Autocanada Enters U S Market With 86 Million Grossinger Acquisition

Autocanada Enters U S Market With 86 Million Grossinger Acquisition Autocanada inc. has agreed to buy nine of the 10 dealerships in grossinger auto group of chicago, the oldest and longest continuously operated auto retailer in illinois. the deal, for $86 million, establishes autocanada’s presence in the lucrative u.s. auto retail market—with plans for more growth. Autocanada will pay approximately c$110 million (us$86 million) for grossinger and will finance the transaction through a combination of funds drawn on the recently announced syndicated.

Autocanada Enters U S Market With 86 Million Grossinger Acquisition According to the chicago tribune, autocanada has acquired the oldest family operated dealership chain in illinois, grossinger auto group. the deal was inked for $86 million and includes all 9. The acquisition diversifies the autocanada portfolio adding four new brands – toyota, honda, lincoln and volvo – and extends its geographical presence into the u.s. for the first time. Autocanada inc. (tsx:acq) entered into a definitive agreement to acquire grossinger motorcorp, inc. from gary and caroline grossinger for $86 million on march 22, 2018. Autocanada inc. has agreed to buy nine of the 10 dealerships in grossinger auto group of chicago, the oldest and longest continuously operated auto retailer in illinois. the deal, for $86.

Trump Tariffs Autocanada Inc To Exit U S Market For 82 7 Million Autocanada inc. (tsx:acq) entered into a definitive agreement to acquire grossinger motorcorp, inc. from gary and caroline grossinger for $86 million on march 22, 2018. Autocanada inc. has agreed to buy nine of the 10 dealerships in grossinger auto group of chicago, the oldest and longest continuously operated auto retailer in illinois. the deal, for $86. The edmonton, alberta based company will pay $86 million to acquire nine dealerships from the third generation of the grossinger family, including three locations in chicago, five in the suburbs and one in downstate normal. a 10th dealership was sold separately. On march 22, 2018, autocanada acquired automotive company grossinger auto group for 86m usd. * autocanada inc will pay approximately c$110 million (us$86 million) for grossinger. Leading canadian vehicle dealership autocanada has acquired illinois based grossinger auto group in a deal worth $86mn that marks the edmonton based firm’s first entrance into the us market.

Grossinger Auto Group Sells 9 Illinois Dealerships To Canadian Company The edmonton, alberta based company will pay $86 million to acquire nine dealerships from the third generation of the grossinger family, including three locations in chicago, five in the suburbs and one in downstate normal. a 10th dealership was sold separately. On march 22, 2018, autocanada acquired automotive company grossinger auto group for 86m usd. * autocanada inc will pay approximately c$110 million (us$86 million) for grossinger. Leading canadian vehicle dealership autocanada has acquired illinois based grossinger auto group in a deal worth $86mn that marks the edmonton based firm’s first entrance into the us market.