TORONTO, June 18, 2018 /CNW/ - Alpha Auto Group ("AAG") is pleased to announce its entrance into the US market with the acquisition of Wilsonville Toyota and Subaru ("Wilsonville Group") which are among their respective manufacturers' leading dealerships in the Pacific Northwest of the United States.
The businesses have been acquired through AAG's wholly owned subsidiary Alpha USA Holdings. On a combined basis the dealerships retailed approximately 8,000 units and generated $346 mm (C$) of revenue during 2017.
AAG comments: "The acquisition of the Wilsonville Group is a transformative moment for AAG as it establishes a large and highly profitable US platform from which to expand and grow our US footprint. The dealerships' leading volume and margin performance is attributable to the Wilsonville Group's highly capable management team and staff as well as its 'One Person / One Price' model pioneered by Mr. David Jachter who has agreed to serve as an Alpha USA director. We expect to continue to be active in growing both our Canadian and US businesses with a focus on customer satisfaction, volume growth and profitability.
AAG wishes to thank Toyota Motor Sales USA and Subaru of America for their support in approving and completing the transaction. AAG also wishes to thank its lending partners Toronto-Dominion Bank, BMO Bank of Montreal and HSBC Bank Canada for their continued support of AAG's business."
With the completion of its acquisition of 10 Ottawa and Eastern Ontario based dealerships in May 2018 and the closing of the Wilsonville Group, AAG estimates that, combined with its Principal, it now retails over 27,000 vehicles per annum, generates over $1.2 billion (C$) in revenue while achieving industry leading margins and representing 14 brands through 22 dealerships across North America.
About Alpha Auto Group
Alpha Auto Group is one of Canada's fastest growing automotive groups with 22 franchised dealerships representing 14 automotive brands throughout Ontario, Alberta and Oregon, US. Alpha Auto Group is privately held, Canadian based and focused on excellence in the automotive retail sector. With its approximately 1,000 employees, Alpha Auto Group is proud to represent its OEM partners and strives to provide exceptional service to our collective customers. For more information about Alpha Auto Group please visit www.alpha-autogroup.com.
SOURCE Alpha Auto Group.
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