Monday, December 6th, 2021

Dealership M&A: McCurley Integrity, Geaux Automotive buy dealerships in October

Geaux Automotive Group, of LaPlace, La., added a second Chevrolet dealership to its portfolio.

The group and its CEO, Lee Carney, on Oct. 18 bought Bob Johnston Chevrolet in Covington, Tenn., from dealer Bob Johnston. The store was renamed Express Chevrolet.

“It was just the right situation in the right place for us,” Carney told Automotive News. “We’re really focusing more in Louisiana, south Mississippi, Alabama, kind of that I-10 corridor.”

His group operates two locations in Louisiana: Geaux Chevrolet in LaPlace and used-vehicle dealership Geaux Express Auto Sales in Baton Rouge.

Carney expanded his search to Tennessee after hearing that a previous employee wanted to move to the state.

“It just so happened we were able to find this store, and it worked out,” Carney said. “He moved up there, and we were able to get the store.”

Pryor of Tim Lamb Group represented the seller in the transaction.

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