FOR IMMEDIATE RELEASE The 401 Group of Companies Announces Expansion into the United States with Acquisition of Fort Myers Mitsubishi Cambridge, Ontario – Sun, 03 Nov 2024 — The 401 Group of Companies is proud to announce its continued growth with the acquisition of Fort Myers Mitsubishi in Fort Myers, Florida. This milestone marks the organization’s first strategic expansion into the United States. Following the recent addition of three dealerships in Owen Sound, Ontario (Toyota, Nissan, and Mitsubishi), the move into the Florida market represents a significant step forward in the company’s long-term growth strategy and cross-border expansion. Fort Myers Mitsubishi joins a rapidly growing portfolio of more than 30 dealerships operated by The 401 Group across Ontario and Manitoba. Over the past 13 years, the company has built a reputation for exceptional sales performance, customer service, and long-term relationship building — supported by a team of more than 1,200 employees.
“This is an exciting moment in the history of The 401 Group,” said Ted Lancaster, the company’s executive vice-president of business development, and mergers and acquisitions.
The 401 Group of Companies. “Expanding into the United States has been a strategic objective, and Fort Myers Mitsubishi provides the ideal opportunity to establish our presence in a dynamic and growing market. We are thrilled to welcome our new team members in Florida to the 401 Group family.”
Saliba added, “Our success has always been built on people — our employees, our customers, and the communities we serve. We look forward to bringing our culture of ambition, opportunity, and industry-leading service to Fort Myers while continuing to grow responsibly and strategically.”
The 401 Group of Companies has experienced significant expansion in recent years and remains focused on identifying strong partnership opportunities in both Canadian and U.S. markets. Additional details regarding the Fort Myers Mitsubishi acquisition and future U.S. growth initiatives will be shared in the coming months.
About The 401 Group of Companies Founded in 2012, The 401 Group of Companies operates more than 30 automotive dealerships across Ontario and Manitoba, representing a diverse portfolio of leading automotive brands. With over 1,200 employees, the organization is recognized for its commitment to customer satisfaction, strong leadership, and a culture where ambitious people meet opportunity.
Media Contact: Marketing Department The 401 Group of Companies 519-650-4771 marketing@401auto.ca