The Policaro Group expanded its operation in Southern Ontario after acquiring Jaguar Waterloo, Land Rover Waterloo, and Volvo Cars Waterloo in April.
The new dealerships join the group’s existing franchises, which includes the Acura, BMW, Lexus and Porsche brands.
“We are thrilled to showcase this commitment to Jaguar, Land Rover and Volvo customers and enthusiasts in the Waterloo region,” said Francesco Policaro, CEO of Policaro Group.
The announcement follows the group’s initial expansion in the region with Porsche Centre Kitchener-Waterloo; the company broke ground on this facility in July 2021.
“Our growth in Waterloo is reflective of its status as a global hub of innovation and investment,” says Policaro. “As one of Canada’s fastest-growing cities, home to three world-class post-secondary institutions and some of Canada’s most innovative companies, we intentionally expanded our operations in the region.”
Some of the brands offered under the Policaro group include or are working on offering electrified models—and Porsche is one such example. The acquisition of Volvo Cars Waterloo should also prove interesting over the years, as the OEM announced plans to become a fully electric company by 2030.
Volvo Cars recently welcomed the new ownership team of Francesco Policaro, General Manager Anthony Poole, and the entire staff at the new Volvo Cars Waterloo to its national retailer network.
“In a region known for innovation and technology, we believe we have found the ideal partner with the Policaro Group, and we look forward to supporting their efforts in Waterloo in the months and years to come,” said Matt Girgis, Managing Director of Volvo Car Canada.
