One of the country's largest privately owned auto retailers sold a store, two groups added dealerships to their portfolios and a minority dealer development program candidate bought his own store in deals from the second and third quarters of 2022 and first quarter of 2023.
Here's a look at the deals involving domestic, luxury and import dealerships and stores in Georgia, Pennsylvania, North Carolina and Texas.
One transaction involved a dealership ranked on Automotive News' top 150 dealership groups list.
Napleton Automotive sells Infiniti store in Georgia
The former CEO of AutoGravity has purchased an Infiniti dealership in Georgia.
Alex Mallmann of AJM FL Corp on Oct. 3 purchased Napleton Infiniti of Macon from Napleton Automotive Group, according to Dave Cantin, CEO of the Dave Cantin Group whose buy-sell firm brokered the deal.
The store was renamed Infiniti of Macon.
Mallman told Automotive News that he has more than one dealership under his AJM Automotive Group, though he didn't provide specifics.
Financial technology company AutoGravity announced Mallmann's appointment as CEO in July 2018. He previously was CEO of Mercedes-Benz Auto Finance China.
Napleton Automotive, of Oakbrook Terrace, Ill., has dealerships in Illinois, Indiana, Wisconsin, Missouri, Minnesota, Florida and Pennsylvania. In January 2022, Napleton Automotive sold another Infiniti store, in Augusta, Ga., to Jim Hudson Auto Group.
Napleton Automotive ranks No. 13 on Automotive News' most recent list of the top 150 dealership groups based in the U.S., retailing 38,848 new vehicles in 2021.
Robert Turbyfill and Mike Lacey, managing directors of DCG Acquisitions, a Dave Cantin Group company, were brokers for the transaction.