AOCIF - AutoCanada acquires Auto Gallery of Winnipeg

• AutoCanada ( OTCPK:AOCIF ) has acquired Auto Gallery of Winnipeg, an independent used vehicle dealership in Winnipeg, Manitoba.
• The acquired dealership generates in excess of $15M in annual revenue and is expected to be accretive to 2022 earnings.
• The transaction includes the acquisition of the underlying real estate and will be funded from a drawdown of the Co.'s credit facility.
• "This acquisition also aligns with our strategy of geographic diversification as it expands our network of used dealerships, furthers our exposure into the Manitoba market and provides a central strategic logistics hub between Winnipeg and Ontario locations and our Western locations." said Executive Chairman, Paul Antony.

For further details see: