DEALERSHIP BUY/SELL

There was no adviser in the transaction.

This is the first Buick-GMC-Cadillac store for Jake Sweeney. Tim Lamb Group was the broker in the transaction. 

Performance Brokerage Services exclusively handled the transaction.

No broker was used in the transaction.

Bill Scrivner and Mike Sims of Pinnacle Mergers & Acquisitions advised the buyer in the transaction.

Winkler is staying as the store’s general manager. This is Phil Long Dealerships’ second dealership in western Colorado and marks a return to the Subaru brand. No broker was used in the transaction. 

These are Lithia’s first stores in Florida, and the nation’s third-largest new-vehicle retailer hopes to grow in the Southeast. Bill Scrivner and Mike Sims of Pinnacle Mergers & Acquisitions handled the transaction for the buyer.

The two dealerships are across the street from each other. Victory Automotive Group has more than 40 dealerships across the U.S. Mike Sims of Pinnacle Mergers and Acquisitions represented the buyer and seller in the transaction.

Haig Partners represented the seller in the transaction. Akerman law firm provided legal counsel.

 Nancy Phillips Associates represented the seller in the transaction.

The dealership is expected to generate $85 million in annual revenues.

Performance Brokerage Services facilitated the transaction.

Nancy Phillips Associates handled the transaction.

Tim Wild and Gordie Gerbrandt of Tim Lamb Group handled the transaction. Gerbrandt confirmed the buyer is from Canada and is a first-time U.S. dealership purchaser. The parties would not disclose the buyer’s name. 

Stu Lasser of Lasser Advisory Services was the adviser.

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

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

Frank O’Donnell, managing partner at Biltmore Automotive Services, represented the buyers in the transaction. Winding and Makia returned the Buick franchise.

This is Feldman’s second Chrysler-Dodge-Jeep-Ram store. No broker was used in the transaction.

Lasser Advisory Services advised the sale.

This is Canadian auto retailer Go Auto’s first U.S. dealership. Rob Armstrong and Moshe Stopnitzsky of Performance Brokerage Services facilitated the transaction. 

Rob Lee of Tim Lamb Group was the adviser.

Kerrigan Advisors represented the seller in the transaction.

Kerrigan Advisors represented the seller in the transaction. 

The dealership also sells Bentley, Lotus, Karma, Morgan, Rimac, Pininfarina and SSC vehicles. Pinnacle Mergers & Acquisitions represented Lithia in the transaction.

This is RDS Automotive’s first Ferrari dealership.

These are #1 Cochran’s first dealerships in Ohio.

Performance Brokerage Services was the adviser.

Handwerger is a partner in Audi Lafayette in Louisiana and is president of a used luxury dealership in Round Rock, Texas. Performance Brokerage Services handled the transaction. 

Performance Brokerage Services was the adviser.

AutoNation will acquire 12 stores in Texas. There are 31 franchises. Brands include Chrysler, Dodge, Jeep, Ram, Chevrolet, Hyundai, Mercedes-Benz and Sprinter.

The stores represent approximately $800 million in annual revenue and sales of about 19,500 new and used vehicles a year. This is AutoNation’s biggest single acquisition since 1999. Stephens Inc. advised the seller.

Presidio Group represented the seller in the transaction.

Presidio Group represented the seller in the transaction. Swickard Auto is to buy three additional stores from the sellers in the first quarter of 2023.

Hal Feder, managing director of Murphy Business & Financial Corp. of Williamsburg, Va., brokered the transaction.

David Meyer of Arent Fox advised the buyer, and Lance McKinlay of Enterprise Counsel Group advised the seller.

Tom Staszak and Chris Gain of Generational Capital Markets Inc. advised the seller.

Rob Lee of Tim Lamb Group represented the seller in the transaction. 

Performance Brokerage Services was the adviser.

This is Mitchell Auto Group's eighth store and its first outside Connecticut.

Joshua Teverow of Esquire Ltd. advised the seller. Michael Grieco Jr. is the dealer principal of the dealership. Metro Motor Group and Grieco Automotive Group are owned by the Grieco family. The family brands most of the New England stores “Metro” and the Florida stores “Grieco.”

Brady Schmidt and Gary Mull of National Business Brokers handled the transaction.

 Steven Landry with Panther and Michael Yatsko of Yatsko Group consulted on the transaction.

Presidio Group represented the seller in the transaction.

Asbury sold its entire Mississippi portfolio. McLarty Automotive Group now has 23 dealerships in the mid-South and Midwest. Haig Partners represented Asbury in the transaction.

No broker was used in the transaction.

This is Umansky’s first dealership in Texas. Presidio Group represented the seller in the transaction. Katherine Frazier and Kevin Sutton of Hill Ward Henderson were legal counsel to the seller. David Porteous of Evans Petree was legal counsel to the buyer.

The BMW store was Asbury’s lone location in Charlottesville, and the group has exited that market. Presidio Group represented Asbury in the transaction.

These are the first dealerships in Washington state for the Findlay group and also its first Lexus store. 

Joshua Teverow, Esquire, Ltd. advised the buyer.

BRAND: Chevrolet

Thomas J. Hayes & Associates advised the seller.

Alan Haig, president of Haig Partners, represented AutoFair in the transaction.

MD Johnson Inc. represented the seller in the transaction.

Haig Partners advised the buyer and the seller in this transaction.

The Daily Mountain Eagle reported the sale.

Joshua Teverow of Esquire Ltd. advised the buyer.

Joshua Teverow of Esquire Ltd. advised the buyer.

This is the first BMW dealership for DARCARS. 

Joshua Teverow of Esquire Ltd. advised the buyer.

Joshua Teverow of Esquire Ltd. advised the buyer.

HGreg.com worked with SAR Partners, Strategic Automotive Resources, which facilitated the sale.

Joshua Teverow of Esquire Ltd. advised the buyer.

This is Foundation Automotive Corp.’s first Hyundai dealership. The agreement required Foundation to move the Hyundai store to a different building, a former AutoNation dealership, about two miles away in Westminster, Colo. Foundation will rent the building from AutoNation. Foundation, a Canadian group, now has 20 rooftops in Canada and the U.S. Josh Letis, managing partner of the group’s Medved Autoplex — which includes Cadillac, Chevrolet and Kia stores in nearby Wheat Ridge, Colo. — will also be managing partner at the Hyundai store. Dealer Solutions Mergers and Acquisitions represented Foundation in the Hyundai transaction. AutoNation did not use a broker.

Nancy Phillips Associates handled the transaction. 

Nancy Phillips Associates handled the transaction.

Bob Morris of Tim Lamb Group was the buy/sell consultant.

Woody Woodward and Brian Brown of DCG Acquisitions, a Dave Cantin Group company, handled the transaction. 

Presidio Group represented the seller in the transaction. Daniel Minkus of Clark Hill law firm was legal counsel to the seller, while Steven Dietrich of Holland & Knight law firm advised the buyer.

Anthony Assalone of United Galaxy Associates handled the transaction. 

Edwards Auto subsequently sold two of the four dealerships. Kerrigan Advisors represented Baxter Automotive in the transaction.

Steele, an auto group based in Canada with 45 dealerships, entered the U.S. in 2020 with the purchase of a Chevrolet-Buick-GMC store in Luling, Texas.

Hicks Management was the adviser.

Bill Scrivner and Wes Hamilton of Pinnacle Mergers & Acquisitions represented the seller in the transaction.

Cushman & Wakefield Dealership Capital Services advised the seller in this transaction.