Dealership buy / sell

Group 1/Heller

BUYER: Group 1 Automotive


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.

Nissani/Middlekauff, Koper

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.


BUYER: AutoNation

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.

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