Dealership buy / sell
BUYER: Group 1 Automotive
SELLER: DJ Heller
OLD NAME: Heller Ford, Heller Hyundai in Escondido, Calif.
NEW NAME: Ford of Escondido, Hyundai of Escondido
MORE: Presidio was the adviser to the Heller family. The dealerships are expected to generate $135 million in estimated annual revenues for Group 1.
BUYER: Todd Ingersoll
SELLER: Mike Sylvester
OLD NAME: M&S of Pawling in Pawling, N.Y.
NEW NAME: Ingersoll Auto of Pawling
BRANDS: Cadillac, Chevrolet
MORE: Thomas J. Hayes of Thomas J. Hayes & Associates was the broker.
BUYER: Hooman Nissani
SELLER: Ric Middlekauff and Michael Koper
OLD NAME: L.A. Chrysler-Dodge-Jeep-Ram at LAX, Inglewood, Calif.
NEW NAME: Hooman Chrysler-Dodge-Jeep-Ram
MORE: This is the first acquisition of a domestic brand by Hooman Nissani, owner of Hooman Automotive Group. Performance Brokerage Services was the adviser.
SELLER: Kevin Mize, O'Hare Auto Group
OLD NAME: O'Hare Honda, O'Hare Hyundai in Des Plaines, Ill.
NEW NAME: AutoNation Honda O'Hare, AutoNation Hyundai O'Hare
MORE: Retail sales of more than 3,100 new and used vehicles at the two stores generated approximately $86 million in annual revenue in 2012.
BUYER: Todd McCurry
SELLER: KR and Norma Reinschmidt
OLD NAME: Performance Chevrolet-Buick-GMC, Mountain Home, Idaho
NEW NAME: Mountain Home Auto Ranch
MORE: Todd McCurry's Mountain Home Auto Ranch, which sells Ford, Lincoln, Chrysler, Dodge, Jeep and Ram, adds three General Motors brands to its lineup. Performance Brokerage Services was the adviser.
BUYER: Dan Johnson
SELLER: Terry Laughridge
OLD NAME: Terry Reid Kia, Cartersville, Ga.
NEW NAME: Metro Kia
MORE: Dan Johnson is a former car dealer who decided to re-enter the business. Performance Brokerage Services represented the seller.