PRESS RELEASE | OFFICIAL ANNOUNCEMENT Veloce Group is proud to announce the acquisition of Edmundston Hyundai
January 24 2026,
PRESS RELEASE | OFFICIAL ANNOUNCEMENTVeloce Group is proud to announce the acquisition of Edmundston Hyundai, marking an important milestone in the group’s continued growth and its first expansion into New Brunswick.
Already the owner of Rivière-du-Loup Mitsubishi, Témis Chevrolet and Témis Chrysler in the Témiscouata region, Veloce Group is adding a fourth dealership to its network. The transaction will officially take effect on January 1, 2026.
This acquisition is rooted in recognition and continuity. We would like to sincerely acknowledge Guildo and Claudette Nadeau, and the entire Nadeau family, who have proudly represented the Hyundai brand in Edmundston since 1997 and made a lasting contribution to the region’s economic and automotive development.
We are also pleased to announce that Charles Fréchette and Émile Côté are becoming co-owners of Edmundston Hyundai. Charles Fréchette will assume the role of General Manager, ensuring strong local leadership and day-to-day management. The current team will remain in place to ensure a smooth transition for customers and employees.
“We are honored to take over a dealership built with such dedication and passion. Welcoming Hyundai into Veloce Group aligns perfectly with our commitment to offering products known for their quality and value,” said Vincent Beauchesne, President of Veloce Group.This acquisition aligns with Veloce Group’s strategic vision to become a leader in the automotive industry in Eastern Canada. Veloce Group is proud to be nominated for Canada’s Best Managed Companies 2026 and to be Great Place to Work® certified.
Thank you to the Edmundston community for the warm welcome and continued trust.
