Wednesday, January 19th, 2022

Tag: dealerships

Asbury Automotive wraps up $3.2B deal for Larry H. Miller Dealerships

Asbury Automotive Group Inc. formally expanded into several new western states and picked up an estimated $5.7 billion in annualized revenue after closing Friday on the purchase of Larry H. Miller Dealerships, a deal...

Dealerships mostly spared in Kentucky tornado outbreak, trade groups say

But some employees’ family members saw damage, as well as “a lot of people that we know.” Toyota of Murray also retooled an existing December charity event to help storm victims while launching a...

Victory Automotive, Brandon Steven Motors & Putnam Automotive buy dealerships in California; Griffin Auto acquires Georgia store

Putnam Automotive Dealer Group of Burlingame, Calif., added Honda to its growing portfolio of brands in mid August when it purchased Primo Honda in San Carlos, Calif. The transaction closed Aug. 18 after the...

Group 1 takes hold of most Prime dealerships

“We are allowed to have a certain amount of stores in a geographic region, and, through this acquisition, we exceeded it,” said DeLongchamps, Group 1’s senior vice president of manufacturer relations, financial services and...

Investment firm with ex-Ford exec Mark LaNeve on team to invest $400M in dealerships

A private investment firm connected to longtime automaker executive Mark LaNeve aims to spend around $400 million over the next three years buying minority stakes in auto dealerships. New York-based Franchise Equity Partners launched...

Keating Auto Group expands in Texas; growing group buys dealerships in Ohio and New Jersey

Keating Auto Group has acquired three more stores in Texas, while a growing dealership group purchased two import stores within the past month and a family-owned dealership bought its second store in Iowa. Here...

David Rosenberg buys 2 N.H. dealerships, grows group to 6 rooftops

New England dealer David Rosenberg has purchased two more dealerships, bringing his count to six rooftops in three states. Rosenberg said he and partner Bob Ramos purchased Rockingham Toyota and Rockingham Honda in Salem,...

Lithia buys two South Florida Audi dealerships

Lithia Motors Inc. has bolstered its Florida presence with the purchase of two Audi dealerships. Lithia this month bought Audi Fort Lauderdale and Audi Coral Springs from Qvale Auto Group, a Lithia spokeswoman said....

Auto dealerships have blown past 2020 profit records

“Think about what the other things are,” she said. “They don’t have a lot of inventory, so they don’t have a lot of floorplan cost. They don’t really have to do the kind of...

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...