NextGear Capital, a Cox Automotive company, recently held a ribbon-cutting ceremony to recognize the grand opening of its new Canadian office in Mississauga, ON. The 12,000 square-foot space will house the company's customer service center and provide room for growth as NextGear Capital continues to expand its customer base north of the border.

"We are excited to begin operations in our new space, which was necessary to accommodate our growing business in Canada," said Roy Vandermeer, vice president of Canadian operations, NextGear Capital. "This new office space also represents a significant investment from Cox Automotive to the Canadian automotive remarketing industry."

Cox Automotive Group Vice President Patrick Brennan, NextGear Capital President Brian Geitner and NextGear Capital Chief Strategy Officer and General Counsel John Wick were on hand for the event and offered remarks to dealers, industry leaders and auction employees about NextGear Capital's growth and success in Canada.  

NextGear Capital launched in Canada in 2013 and previously occupied office space within Manheim Toronto. Last month, the company rolled out its account management technology to its Canadian customers, allowing them 24/7 account access in both English and French.