A personal connection and an interest in cars were catalysts for an NFL team owner to enter automotive retail and quickly expand his dealership holdings via acquisitions.
Ed Glazer, an owner of the NFL's Tampa Bay Buccaneers, founded US Auto Trust in Los Angeles in 2018 when he bought his first dealership, a rare Aston Martin store in Newport Beach, Calif.
"I've always liked cars," Glazer told Automotive News. "I'm not a classic car collector, but always buy a lot of new cars. I've always owned a bunch of Aston Martins over the years and I got to know some of the people down in Aston Martin. At the time, [former Aston Martin CEO] Andy Palmer was running the place. I was talking to him one day and I said 'You know, if you ever have anything for sale, let me know.' He said, 'Well, we may have something.' "
Pendragon, a large publicly traded auto retailer in the U.K., was in the midst of divesting its U.S. dealership portfolio, including Aston Martin Newport Beach.