Corporate Finance in Atlantic Canada

Commentary on corporate finance issues for small- & mid-market private companies in Atlantic Canada

Archive for February 2015

Still more car dealer consolidation

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http://thechronicleherald.ca/business/1268812-steele-auto-group-acquires-bridgewater-vw-dealership

Halifax-based Steele Auto Group has acquired Coleman’s Autohaus, a Volkswagen dealership in Bridgewater.

As discussed here previously, there is probably no other industry currently that has (and continues to) consolidate faster than the Canadian car dealership sector.  This is largely driven by the economics of the industry, including the capital-intensive nature of the business.

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Written by Dan Jennings

February 14, 2015 at 9:26 am

On Grade sells

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http://www.brandt.ca/Our-Company/News/Pages/On-Grade.aspx

Saskatchewan-based Brandt has acquired Dartmouth-based On Grade Inc.  On Grade operates from 3 locations (Burnside, Moncton & St. John’s) and provides sales and service for surveying equipment, positioning systems and machine control products.

Written by Dan Jennings

February 9, 2015 at 9:13 am

Posted in Announced Transactions

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