This Automotive News feature lists recent dealership acquisitions as reported by brokers, official announcements and news media.
BUYER: Charles Alfano
SELLER: James Kimball
OLD NAME: Kimball Motor Co., San Luis Obispo, Calif.
NEW NAME: Alfano Motorcars
FRANCHISES: Mercedes-Benz, Chevrolet
MORE: This is the first dealership for Alfano, who previously was general manager of South Bay Mercedes-Benz in Torrance, Calif., an AutoNation store. Before that, Alfano was a market representation manager for Mercedes-Benz USA. Performance Brokerage Services was the broker.
BUYER: Michael O'Brien (O'Brien Auto Group)
SELLER: Bob Bridge
OLD NAME: Bob Bridge Toyota-Scion, Renton, Wash.
NEW NAME: Toyota-Scion of Renton
MORE: This is the second Toyota dealership for O'Brien Auto Group. The dealership includes a 63,000-square-foot Image II facility and a 20,000-square-foot service department with 44 service bays. Performance Brokerage Services was the broker.
BUYER: Josh Griffin
SELLER: Tony Divito
OLD NAME: Gresham Nissan, Gresham, Ore.
NEW NAME: JAG Nissan
MORE: This is the first dealership for Griffin in Oregon. Griffin is the owner of Great Western Nissan in Rock Springs, Wyo. Performance Brokerage Services was the broker.
BUYER: Phil Bivens (Bivens Auto Group)
SELLER: Bruce Titus (Titus Automotive Group)
OLD NAME: Titus Nissan of Tacoma, Tacoma, Wash.
NEW NAME: Bivens Nissan of Tacoma
MORE: This is the seventh dealership for the Bivens group and the first Nissan franchise. Performance Brokerage Services was the broker.
Reuber and Giles/ Victory Automotive
BUYERS: Alan Reuber and Bob Giles
SELLER: Victory Automotive Group
NAME: Victory Nissan of Knoxville, Knoxville, Tenn.
MORE: Bill Scrivner and Mike Sims of Pinnacle Mergers and Acquisitions were the buy/sell consultants.
Durant/Thomas and Klaes
BUYER: Tom Durant
SELLER: Charlie Thomas and Danny Klaes
NAMES: Sand Dollar Honda, Sand Dollar Chevrolet, Sand Dollar Toyota and Sand Dollar Ford, Galveston, Texas
MORE: Bill Scrivner and Mike Sims of Pinnacle Mergers and Acquisitions were the consultants for the sellers. Jay Wimmer of Wimmer Consulting was the consultant for the buyers.