November 29, 2022

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‘We’ve coveted these three brands for a long time:’ Luxury automobile dealerships under new ownership in Waterloo

2 min read

WATERLOO — With development about to start off on its new Porsche dealership in Kitchener, a Brampton-dependent automotive retailer has acquired three other luxurious dealerships in Waterloo.

Relatives run Policaro Team has added Jaguar Waterloo, Land Rover Waterloo and Volvo Cars and trucks Waterloo to its southern Ontario roster with their acquisition from Grand Touring Vehicles.

The 3 brand names are new to the enterprise, mentioned main govt officer Francesco Policaro, whose father and two uncles launched the dealer team in 1979 with a Honda retailer in Brampton.

“We’ve coveted these a few models for a long time, and when the opportunity arrived, it just made a good deal of perception for us to lover with brands that we have very long experienced a ton of respect for.”

Today, Policaro Team operates Acura, BMW and Lexus spots in Brampton and a Porsche keep in Oakville, along with the new additions in Waterloo Region. Envisioned to open future year are a BMW spot in Etobicoke and Porsche retailers in Kitchener and St. Catharines.

Oakville is also home to Policaro’s leasing, overall performance car, motorsport and exotic motor vehicle divisions. The corporation also operates the non-income Policaro Basis, with a target on children’s health care initiatives in neighborhood communities.

Policaro Team experienced previously discovered Waterloo Location as a appealing location to develop into, given its quick-developing inhabitants, highly regarded write-up-secondary establishments and status as a “global hub of innovation and expense,” Policaro explained.

“We’ve been observing around the previous few years,” he explained. “It is going to be the area to be, if it is not now.”

The Volvo, Land Rover and Jaguar dealerships stand facet-by-side on King Road North, across from Conestoga Mall. Freshly renovated, they are also on a big house that would permit for enlargement, if necessary.

The acquisition introduced about one staffing transform Anthony Poole, vice-president, functions for the Policaro Team is now also basic supervisor for the a few Waterloo areas, overseeing a crew of 44 employees.

“In addition to their potent standing in the sector, we are impressed by the Policaro’s commitment to redefining the automotive experience by remarkable client service and chopping-edge technologies,” Volvo Motor vehicle Canada Ltd. running director Matt Girgis claimed in a launch.

Excavation function is established to begin this month at the internet site of the Policaro Group’s new Porsche Centre Kitchener-Waterloo on Victoria Road North, in the vicinity of Centennial Highway, in Kitchener.

Environmental remediation function at the website was additional intensive than expected but is entire, Policaro said.

Options announced last year call for a 75,000-sq.-foot facility that is expected to open up in mid-2023.