AutoCanada acquires Burwell Auto Body in London, Ont.
by CM Staff
The acquired collision centre reportedly generates in excess of $5.5 million in annual revenue.
EDMONTON — AutoCanada Inc., a multi-location North American automobile dealership group, announced that it has acquired Burwell Auto Body, a luxury-brand focused collision centre located in London, Ontario.
“The addition of this high-caliber business represents a continuation of our strategy to strategically expand our national collision centre footprint, especially within markets where we operate dealerships today,” said Executive Chairman, Paul Antony. “Our focus remains on supporting our customers and OEM partners through the entire vehicle ownership lifecycle – including collision repair. Burwell Auto Body has a tremendous reputation in the London market and we look forward to continuing its legacy into the future.”
Burwell Auto Body is a certified BMW, Audi, Tesla, Volvo, Porsche and Subaru collision centre, and provides collision repair services to London and the surrounding area. The business operates out of a 20,000 square foot facility with 20 repair bays, 14 refinishing bays and five detail bays and is strategically located close to five of AutoCanada’s dealerships: London Honda, South London Nissan, London Infiniti, London Kia and Porsche Centre London. This acquisition represents a continuation of the Company’s goal to further expand and develop its national collision centre network.
The acquired collision centre reportedly generates in excess of $5.5 million in annual revenue. The transaction, which includes the acquisition of the related real estate, will be funded from a drawdown of the Company’s credit facility and is expected to be accretive to 2022 earnings.
