Several Canadian dealership groups have recently reached across the border to expand or build U.S. footprints as part of what one industry buy/sell expert calls a trend driven by “sun-seeking” and better growth prospects.
Calgary-based Foundation Automotive has twice added to its U.S. network in 2022, firming up two deals for six rooftops in Texas. In February, the East Coast-based Steele Auto Group disclosed the purchase of a pair of dealerships, also in Texas.
And as 2021 drew to a close, western Canada’s Knight Automotive Group stepped into the United States with the purchase of two California dealerships.
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