A luxury-brand collision centre, Burwell is “strategic located” to AutoCanada’s recently acquired automotive dealerships
AUTOCANADA INC., A multi-location North American automobile dealership group based in Edmonton, announced Monday that it has acquired London’s Burwell Auto Body, a luxury-brand focused collision centre located at 485 York Street.
Burwell is a certified BMW, Audi, Tesla, Volvo, Porsche and Subaru collision centre, and has provided superior collision repair services to London and the surrounding area for over 40 years. The business operates out of a 20,000 square foot facility with 20 repair bays, 14 refinishing bays and five detail bays.
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Reflective of a global trend to acquisitions and mergers in the automotive sector, AutoCanada has been busy in the London market of late: In May, it acquired Porsche of London; and last December it acquired London-based AutoPoint Group Inc. and its 11 dealerships in Southwestern Ontario, including London Honda, London Kia, South London Nissan and London Infiniti.
According to the company, the Burwell purchase is a strategic fit because of its proximity to its London dealerships and represents a continuation of the company’s goal to further expand and develop its national collision centre network.
“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,” says AutoCanada 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.”
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AutoCanada is not disclose the acquisition price, but the company says Burwell 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.
AutoCanada currently operates 80 franchised dealerships, comprised of 28 brands, in eight provinces in Canada as well as a U.S. group in Illinois. In 2021, its dealerships sold approximately 86,000 vehicles and processed over 800,000 service and collision repair orders in 1,303 service bays generating revenue in excess of $4 billion.