Winnipeg Hyundai

Prairie Automotive Group has acquired Winnipeg Hyundai.

Industry:

Automotive

Prairie Automotive Group has acquired Winnipeg Hyundai. MNP Corporate Finance Inc. acted as exclusive financial advisor to Winnipeg Hyundai in structuring and negotiating this transaction.

Transaction Brief

This transaction has allowed the shareholder of Winnipeg Hyundai to implement his succession strategy while ensuring the continued growth and success of the business. The acquisition of Winnipeg Hyundai will increase the depth and local presence of the new ownership group while adding a complimentary brand to its dealership operations.

Winnipeg Hyundai is a single location Hyundai dealership and full service body shop located at the West Perimeter Auto Centre on Portage Avenue in Winnipeg, Manitoba. The dealership also services the nearby cities of Brandon, Selkirk, Carman and Steinbach. Winnipeg Hyundai was established in 2001 and has grown to become a premier Hyundai dealership in the Manitoba region.

 Prairie Automotive Group is a newly formed parent company that houses a number of prominent automotive businesses in Manitoba, including Winnipeg Kia, We Sell Autos Sales & Service Centre and The Donvito Automotive Group. The latter owns and operates Donvito Collision & Glass, U-Drive Car Rental, OK Tire Auto Service and Economy Rent-A-Car.