DEALERSHIP BUY/SELL

The store had been closed since 2018 amid a legal tangle between Nissan Motor Acceptance Co., the automaker’s finance arm, and the store’s former owners, auto industry veteran Michael Saporito and former NFL players Antonio Pierce and Jessie Armstead. Nissan North America terminated the franchise agreement in 2018. Car Vision has a Mitsubishi dealership in Trooper, Pa., and two used-only stores in Philadelphia and in Maple Shade, N.J. Rich Weitzman of Colliers International advised the buyer, and CBRE advised the seller in the transaction.

The Lincoln brand was not part of the sale. The Citizen in Auburn, N.Y., reported the sale.

No broker was used in the transaction.

Two of Don and Cheryl Brenengen’s three sons who remain involved in the business are retaining a small minority interest in the group. Tony Brenengen will continue as director of operations for the six dealerships. Performance Brokerage Services represented the seller in the transaction.

No broker was used in the transaction.

Joe Ozog of Ozog Consulting Group represented the seller in the transaction, while Hicks Management & Consulting Group represented the buyer. 

This is Schomp’s ninth dealership. No broker was used in the transaction.

 The store is a GMC dealership. Mike Molstead has other dealerships in Charles City, Iowa. No broker was used in the transaction.

This is Bryson’s first dealership acquisition. Hal Feder of Murphy Business & Financial Corp. advised the buyer and seller in the transaction.

Lithia said the dealerships would add $200 million in annualized revenues. Kerrigan Advisors represented the seller in the transaction.

This is Serra’s eighth Chevrolet store. No broker was used in the transaction.

Sobel now has 13 stores in New Jersey and New York representing 16 franchises. Haig Partners represented the seller in the transaction.

Chip also owns Southlake Auto Group, with Kia and Nissan stores in Merrillville, Ind. No broker was used in the transaction. 

Triunity will relocate the store to a new facility in Los Angeles. Brady Schmidt and Gary Mull of National Business Brokers handled the transaction for the buyer and seller.

Bob Morris of Tim Lamb Group brokered the transaction.

No broker was used in the transaction.

This is Gilchrist’s third Chevrolet dealership and third Chrysler-Dodge-Jeep-Ram store. Hicks Management & Consulting advised the parties in the transaction.

Don Brown of Midwest Brokerage represented the seller in the transaction.

Kerrigan Advisors represented the seller in the transaction.

Haig Partners represented the seller in the transaction.

Tim Lamb and Tim Wild of Tim Lamb Group represented the seller in the transaction.

George Chaconas of Performance Brokerage Services brokered the transaction, and Logan Parker of Bass Sox Mercer also worked with the buyer.

A new facility will be built for the Cadillac store and it will move, likely in summer 2022. No broker was used in the transaction.

The Journal-Republican reported the sale.

Tim Lamb Group represented the buyer, and Bruce Rzentkowski of Motormindz represented the seller in this transaction.

Tim Lamb Group represented the buyer, and Bruce Rzentkowski of Motormindz represented the seller in the transaction.

LMP announced the sale on Nov. 9, 2022, but the closing date and buyer’s information is unknown.

A property at 3950 Ridge Road in Rochester, N.Y., was included in the transaction.

With the two acquisitions, Faulkner now has at least three stores. Faulkner acquired Merle Kelly Ford in Chanute, Kan., last year. Performance Brokerage Services represented Wilderman in the transactions. 

NNY360.com reported the sale.

The Daily Mountain Eagle reported the sale.

The Virginian-Pilot reported the sale.

The dealership includes Porsche, Audi, Mercedes-Benz and Volkswagen brands. It’s the first dealership with the Porsche brand for Leader, the U.S. operations of AutoCanada. No broker was used in the transaction.

This is the third Toyota store for Preston Auto, which has 11 dealerships in Pennsylvania and Ohio. Tim Lamb Group represented the buyer in the transaction.

The store, which sold for nearly $17 million, was part of Esserman Automotive Group. The Real Deal South Florida Real Estate News and the South Florida Business Journal reported the sale.

Chris Teape and Drew Bray of National Business Brokers handled the transaction.

This is the first Lexus store for RFJ. No broker was used in the transaction.

Maranello Sports USA is a partnership between R. Ferri Automotive, a Canadian dealership group, and Brian Culligan, according to The Buffalo News, which reported the sale. Paramax Corp. advised Towne in the transaction.

DSMA handled the transaction.

National Business Brokers handled the transaction.

The dealership sold Hyundai and Lincoln and the sellers continue to operate the Lincoln store. George Pero and Joe Beaver of DCG Acquisitions, a Dave Cantin Group company, brokered the transaction.

Keyes and Tenenbaum sold nine Keyes Automotive Group dealerships in the Los Angeles and Phoenix areas in November to Lithia Motors. Their new dealership group is Howard Automotive, which now has six rooftops. No broker was used in the transaction.

This is Turner’s third franchised dealership. Brian Brown and Woody Woodward of DCG Acquisitions, a Dave Cantin Group company, brokered the transaction.

Tony Karabon of DCG Acquisitions, a Dave Cantin Group company, represented the buyer in the transaction.

Tony Karabon of DCG Acquisitions, a Dave Cantin Group company, brokered the transaction.

Dave Cantin and Poncho Redfern of DCG Acquisitions, a Dave Cantin Group company, represented the seller in the transaction.

This is Michael Coggins’ first dealership acquisition after being a general manager partner with Haddad Auto Group. Brian Brown and Woody Woodward of DCG Acquisitions, a Dave Cantin Group company, represented the seller in the transaction. 

This is Nielsen’s seventh franchised dealership acquisition. Dan Murphy of D.T. Murphy & Co. advised the buyer and seller in the transaction.

This is Premier Cos.’ seventh franchised dealership. Dave Cantin of DCG acquisitions, a Dave Cantin Group company, represented the seller in the transaction.

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

The Buick operations have moved into the Betten Baker Chevrolet-Cadillac-GMC dealership in Muskegon. The Witt family will continue selling used vehicles and perform service at the former Witt Buick dealership.

The dealership relocated down the street. This is World Auto’s 11th location and third Audi store in New Jersey. No broker was used in the transaction.

Performance Brokerage Services exclusively handled the transaction.

Blair Sharpe of Tim Lamb Group represented the seller in the transaction.

The Port Charlotte Sun reported the sale.

Nancy Phillips Associates handled the transaction. 

The auto park includes Subaru, Mazda and Hyundai-Genesis stores and was O’Brien’s only location in Florida. No broker was used in the transaction.

Kelly retains ownership of the property. Crown has dealerships in Florida, Ohio and Tennessee. Gerrick Wilkins from Dealer Support Network represented the buyer in the transaction.

Manning purchased the Ford-related assets of Sycamore Ford, a competing nearby store. Manning will operate the combined entity from the location in DeKalb, but it could expand or move. Bemis continues to operate Sycamore Hyundai and plans to build a new Hyundai dealership.

Maroone USA assumed full ownership of the dealership. In 2017, it partnered with Patty Dean to jointly own and manage the store.

This is West Herr’s third Toyota store and 28th location. No broker was used in the transaction.

No broker was used in the transaction.

This is Garber’s first Subaru dealership and sixth brand in the Rochester, N.Y., area. Brian Traugott of DCG Acquisitions, a Dave Cantin Group company, brokered the transaction.

No broker was used in the transaction.

Performance Brokerage Services exclusively handled the transaction.

Nelson Group also owns Selma Auto Mall. No broker was used in the transaction.

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

Bellavia Blatt law firm provided legal counsel to the buyer. Brian Brown and Woody Woodward of DCG Acquisitions, a Dave Cantin Group company, advised the buyer and seller 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.

This is Fred Beans’ seventh Ford dealership. No broker was used in the transaction.

HGreg.com paid more than $40 million for the dealership and plans to launch a West Coast hub in Los Angeles. No brokers were used in the transaction.

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

The Elway dealership group now has seven stores. Joe Ozog of Ozog Consulting Group represented the seller in the transaction.

This is West Herr’s 27th location.

No broker was used in the transaction.

The Spartan group, now with 13 dealerships in six states, is led by owner Don Jones, a former Lithia executive. Dick Heimann is the majority owner of DiMar and a longtime Lithia executive who acquired an 80 percent interest in the three dealerships; Lithia held a 20 percent stake at the time of the sale. Ozog Automotive Group advised the seller in the transaction.

Lithia said the acquisition is expected to add $100 million in annual revenue.

Keyes European is a Mercedes-Benz dealership and Bell Road Toyota is in Phoenix. Kerrigan Advisors represented the seller in the transaction. Larry Braun and Peter Park of Sheppard Mullin provided legal counsel to the seller and Stephen Dietrich and Sarah Seedig of Holland & Knight provided legal counsel to Lithia.

Lithia enters the Virginia and Washington, D.C., market with the acquisition, which includes BMW, Mini, McLaren, Lamborghini and Rolls-Royce Motor Cars and adds three premium luxury brands to the company. Kerrigan Advisors represented the seller in the transaction. Stephen Dietrich of Holland & Knight law firm was legal counsel to Sterling.

With this acquisition, Gee now has 29 dealerships. Kerrigan Advisors represented the seller in the transaction. Stephen Dietrich of Holland & Knight was legal counsel to the seller, and Toby Hazen of Eide Bailly was the seller’s accountant.

Performance Brokerage Services handled the transaction.

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

Presidio Group represented the seller in the transaction.

Performance Brokerage Services facilitated the transaction.

Team Auto Group now has five Chevrolet dealerships in North Carolina. Tony Wolf from Brady Ware Dealership Advisors consulted on the transaction.

Presidio Group advised the seller in the transaction.