DEALERSHIP BUY/SELL

Rafih Auto Group is based in Windsor, Ontario. The group about two years ago bought three dealerships in Ohio. No broker was used in the transaction.

Mike Sims of Pinnacle Mergers & Acquisitions represented the seller.

Desert European sold about 45 new and 28 used vehicles a month in 2012. Presidio was the adviser.

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.

Dealer Solutions Canada advised the seller in the transaction.

Brands: Dodge, Chrysler, Jeep, Ram

No broker was used in the transaction. 

In 2013, the dealership retailed 593 new and 520 used vehicles.

No broker was used in the transaction.

Dealer Solutions Canada was the adviser.

This is ZT Motors’ first dealership in Georgia. Bob Morris of the Tim Lamb Group brokered the transaction.

Dealer Solutions advised the sale. With this transaction, the Rafih Auto Group operates and manages 19 car brands including BMW, Dodge, Ford, Buick, Chevrolet and GMC.

George Chaconas, the Southeast partner of Performance Brokerage Services, facilitated the transaction. Stephen Dietrich of the Holland & Knight law firm and Phil Villegas of Axiom Advisors represented Tovar, while Jimmy Duckworth of the Duckworth Law Firm worked with Carlock Automotive. 

Elway, Pierce, Grubb and Gagnet collectively retained 10 percent of the dealership while Gagnet is staying on as the store’s general manager. Haig Partners represented the sellers in the transaction. James Barone of Ferruzzo and Ferruzzo was legal counsel to the seller, while Michael Fletcher of Tonkon Torp advised the buyer. 

These are Umansky Automotive’s first dealerships in California. It also has dealerships in Mississippi, Tennessee, Wisconsin and Virginia. With the transaction, Qvale Automotive has exited California and has four rooftops in Florida. Presidio Group represented Qvale in the Livermore transaction. Umansky Automotive did not use a broker.

The stores' annual revenue is expected to be $225 million.

Performance Brokerage Services exclusively handled the transaction.

Kerrigan Advisors represented the sellers in the transaction.

Bill Scrivner and Mike Sims of Pinnacle Mergers and Acquisitions were the advisers. This dealership generated approximately $65 million in annual revenues.

General Manager Reed Howell was named president of Herrin-Gear and also acquired a stake in the business. Mike Sims of Pinnacle Mergers & Acquisitions was financial adviser and Brunini law firm was legal counsel to the seller. Holland & Knight and Kirkland & Ellis provided legal counsel to the buyer.

Presidio Group represented the seller in the transaction. Richard Rasmussen of the Lagerlof law firm advised the seller while Timothy Robinett of the Manning, Leaver, Bruder & Berberich law firm advised the buyer.

Rob Lee of Tim Lamb Group was the adviser.

Gray is staying as general manager. No brokers were used in the transaction.

Tim Lamb Group represented the seller in the transaction.

Performance Brokerage Services was the adviser.

This is Lithia’s first dealership in Georgia. Brian Brown and Dave Cantin of DCG Acquisitions, a Dave Cantin Group company, represented Curry in the transaction.

FRANCHISES: BMW, Mercedes-Benz, Buick, GMC, Cadillac, Subaru, Volvo

Kirk Rimsnider of Prism Business Brokers advised the seller.

The seller worked with Mark Iuppenlatz of MI Management in Colorado.

Performance Brokerage Services handled the transaction.

Mario Murgado, Alex Andreus and Rick Barraza are the investors behind Brickell Motors.

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

Performance Brokerage Services advised the seller.

The store sells about 220 new and 175 used vehicles a year. Dealer Solutions Canada was the adviser.

Kerrigan Advisors represented the seller in the transaction.

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

Dick Nokes Consulting advised the seller.

Dealer Solutions Canada advised the sellers.

This is the fourth dealership for US Auto. Presidio Group represented the seller in the transaction.

Michael’s Toyota of Bellevue is the largest Toyota store in Washington state based on new-vehicle sales. Paulson, a minority partner and general manager at both stores, is staying on as general manager. Mark Johnson and Mark Topping of MD Johnson represented Broadus.

Presidio Group represented Qvale in the sale. Stephen Dietrich and Sarah Seedig of Holland & Knight represented Lithia as its legal counsel in the transaction. Alex Kurkin of Kurkin Forehand Brandes represented Qvale as its legal counsel in the transaction.

Performance Brokerage Services facilitated this transaction.

Mike Sims of Pinnacle Mergers and Acquisitions represented Burkholder in the transaction.

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

Lithia earlier purchased four other John Eagle stores. The Presidio Group represented the seller in the transaction.

Las Vegas is a new market for Lithia. The western region office of DCG Acquisitions, a Dave Cantin Group company, represented the seller in the transaction.

Hicks Management & Consulting Group advised the buyer.

Kerrigan Advisors represented the seller in the transaction.

Pendragon is selling its U.S. dealerships.

Tim Lamb of Tim Lamb Group was the adviser. Bill Doraty Kia was the sixth-largest Kia dealer in the country in 2013.

This is the 11th location for Krause Auto Group. No broker was used in the transaction.

Nancy Phillips Associates was the adviser.

This is Schreiber Automotive’s second dealership.

Gallery sold six stores to Prime in the Boston area: BMW Gallery Norwood, South Shore BMW, Honda Gallery, Mazda Gallery, South Shore Mini and Volkswagen Gallery. The stores are now called BMW of Norwood, South Shore BMW, Prime Honda — Boston, South Shore Mini, Prime Mazda — Norwood, and Volkswagen of Norwood. Haig Partners advised the seller. Gallery Automotive Group is a subsidiary of Marubeni America Corp.

Kirk Rimsnider of Prism Business Brokers represented the seller in the transaction.

BRANDS: Mercedes-Benz, Sprinter

Thomas J. Hayes & Associates advised the sellers.

Haig Partners advised the seller in the transaction.

Presidio Group advised the seller in the transaction.

National Business Brokers handled the transaction.

Lithia bought Hazleton Honda in 2019 from an ailing dealership group and expected the store to generate about $50 million in annual revenues. Timbrook Automotive has dealerships in Maryland, West Virginia, Pennsylvania and Virginia. Brian Brown and Woody Woodward of DCG Acquisitions, a Dave Cantin Group company, handled the transaction. 

Ridder is the daughter of the sellers who are retaining a minority stake. Drew Bray and Chris Teape of National Business Brokers facilitated the transaction. 

Haig Partners represented the seller in the transaction. Regina Flaherty of the Verrill Dana law firm advised the seller, while Stephen Dietrich of the Holland & Knight law firm and Greg Dougherty of accounting firm Crowe advised the seller.

Performance Brokerage Services facilitated the transaction.

The dealership sells Buick, GMC, Nissan and Lincoln vehicles. The buyers also own Gilleland Chevrolet-Cadillac in St. Cloud. Miller is keeping his marine portion of the dealership, which will move. CliftonLarsonAllen represented the seller in the transaction. 

Dealer Solutions North America advised the seller.

11 stores selling 10 brands: Cadillac, Ford, Lincoln, Nissan, Hyundai, Subaru, Mazda, Aston Martin, Bentley and Maserati; Schmidt retains his position as CEO and a stake in the group. The new owners plan to hire 100 more employees this year and to buy more stores, preferably in the Midwest.

Ozog Automotive Group represented the seller in the transaction.

The sale also includes an auction site, two collision centers and three Sprinter outlets. The acquisition is Asbury’s largest and at $735 million is one of the most expensive in the industry in a decade. The Presidio Group advised the seller in the transaction.

 Phil Vogel of Vogel Strategies represented the seller in the transaction.

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.”

Performance Brokerage Services was the adviser.

Lithia did not use a broker. 

Andy Gill of Gill Automotive Group represented the seller in the transaction.

Performance Brokerage Services advised both the seller and the buyer in this transaction.

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

Performance Brokerage Services was the adviser.

Chase had an undisclosed partner as a seller. Chase remains dealer operator and retained an undisclosed ownership percentage in the dealership. Haig Partners represented the seller in the transaction. R.J. McConnell of the Bose McKinney & Evans law firm and Jane Saxon and Craig Todderud of Somerset CPAs advised the seller, while lawyer Brian Nolen and DHG Dealerships advised the buyer. 

The dealership is now part of the Premier Collection for Avondale Group. Avondale Group is the new name for the remaining Park Place Dealerships stores that weren’t included in an August sale to Asbury Automotive Group.

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

Dealer Solutions North America advised the seller.

Performance Brokerage Services handled the transaction.

These are Lithia’s first stores in the Sacramento market and it now has 42 dealerships in California. Kerrigan Advisors represented the seller in the transaction.

Bob Morris of Tim Lamb Group was the adviser.

The Halls also own Joe Hall Ford-Lincoln in Lewiston. Brooks remains the store general manager. 

Time Auto now has five franchised dealerships in Oregon. It also owns D&C Motor Co., a used-vehicle dealership in Portland that specializes in European luxury brands. George Pero and Joe Beaver of DCG Acquisitions, a Dave Cantin Group company, handled the transaction.