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home / news releases / AOCIF - AutoCanada acquires Velocity Autobody in Ontario

AOCIF - AutoCanada acquires Velocity Autobody in Ontario

AutoCanada Inc
  • AutoCanada ( OTCPK:AOCIF ) has acquired Velocity Autobody, a Tesla certified, I-CAR Gold Class collision centre located in Markham, Ontario.
  • The deal will be funded from a drawdown of the company's credit facility and is expected to be accretive to 2022 earnings.
  • The current management team will continue to operate the business going forward.
  • The move represents a continuation of the company's goal to further expand and develop its national collision centre network.

For further details see:

AutoCanada acquires Velocity Autobody in Ontario
Stock Information
Company Name: AutoCanada Inc
Stock Symbol: AOCIF
Market: OTC
Website: autocan.ca
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