MONTREAL, Sept. 15, 2015 /CNW/ - Groupe Park Avenue is pleased to announce a joint venture partnership with Vancouver-based Jim Pattison Lease, Canada's leader in customized fleet management. Jim Pattison Lease will become a lead partner in Montreal-based Location Park Avenue, one of the largest in-house vehicle leasing businesses in Quebec.
"Jim Pattison is an ideal Canadian partner for Groupe Park Avenue, sharing the same strong entrepreneurial values and commitment to customer service. Thanks to this partnership, we can now focus on continuing to grow our retail automotive business organically and through strategic acquisitions, while ensuring that our corporate leasing business flourishes and stays 100% Canadian-owned," said Norman E. Hébert, president and CEO of Groupe Park Avenue.
Existing customers of Montreal-based Location Park Avenue will now benefit from Jim Pattison Lease's national presence as well as enhanced fleet support and service programs.
"This is an exciting opportunity for our company and thanks to Location Park Avenue's established presence, strong team of employees and market know-how, Jim Pattison Lease can leverage its national scale and fleet programs to successfully grow our presence in the Quebec market," said Steve Akazawa, President of Jim Pattison Lease. "We look forward to supporting current and prospective customers, maintaining the same levels of excellent customer service as well as providing Quebec businesses with access to an enhanced product offering," he added.
This joint venture will be led by Jim Pattison Lease with the support of existing management at Location Park Avenue. Location Park Avenue is officially becoming Location Park Avenue – Jim Pattison Inc. Financial terms of the partnership have not been disclosed.
Groupe Park Avenue's thriving, family-owned and operated retail automotive business operates separately from the corporate vehicle leasing business. This business has grown from 11 car dealerships in 2010 to 20 locations today. Groupe Park Avenue is committed to continuing to successfully grow its retail business both in Quebec and elsewhere.
About Groupe Park Avenue
Well-established on the South Shore of Montréal and with locations in Montreal, Laval and Sherbrooke, this family of car dealerships was founded over 55 years ago and employs approximately 750 people in Quebec. Quebec-based and privately-held, this automobile consortium currently brings together 20 dealerships offering luxury and intermediate brand cars. Its principal mission is to serve clients in an exceptional manner for all their automobile needs by offering them a diversified and reputable choice of brand name cars. For more information, please visit: www.groupeparkavenue.com
About Jim Pattison Lease
In operation since 1961, Jim Pattison Lease is Canada's largest privately-owned fleet management and leasing company with over 29,000 leased and managed vehicles across the country. A recognized leader in the fleet leasing industry, Jim Pattison Lease provides flexible and innovative customized fleet management solutions and vehicle leasing to commercial and public sector enterprises. For more information, please visit: www.jimpattisonlease.com.
Jim Pattison Lease is a division of The Jim Pattison Group, a diversified holding company operating primarily in Canada and the United States. Based in Vancouver, BC, and with over 545 locations worldwide, The Jim Pattison Group is the second largest private company in Canada. It is made up of a number of strong and diverse operating divisions, which span the automotive, advertising, media, agricultural equipment, food and beverage, entertainment, exporting, financial, real estate, and periodical distribution industries.
SOURCE Groupe Park Avenue