Holand Leasing Acquires Ultra-Luxury Portfolio from John Scotti
A court-supervised receivership has paved the way for a targeted expansion in the Canadian luxury market. Holand Leasing confirmed it has secured a select portion of the John Scotti Leasing Inc. portfolio, cherry-picking assets that align with its high-end business model and existing roster of prestigious automotive marques.
Rather than absorbing the entire portfolio, Holand worked directly with the Receiver to identify specific leases that mirror its current client profile. The deal allows the group to bring new clients into its ecosystem while maintaining the continuity of their existing agreements. This move is framed by the company as a disciplined expansion, prioritizing compatibility over scale to ensure the firm’s signature white-glove service remains uninterrupted.
Integration of the new accounts is already underway, overseen by Senior Vice-President Janet Cully and Head of Leasing Operations Viki Forese. The team aims to transition these lessees into the Holand service structure without friction. Gad Bitton, President and CEO of Holand Automotive Group, noted that the acquisition serves as a direct investment in the ultra-luxury segment. The group, which holds a vast portfolio of dealerships ranging from Ferrari and Rolls-Royce to Lamborghini, views this transaction as a blueprint for its ongoing strategy of selective, value-driven growth.
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