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A look at dealership mergers and acquisitions. We provide insights into the buy-sell market and information on the latest transactions.
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DEALERSHIP BUY-SELL NEWS
Automotive News coverage of store transactions. Who is buying what, and for how much?
Dealership Buy/Sell Listing: This Automotive News feature lists dealership acquisitions as reported by brokers, news media and official announcements. See our list of buy/sells and submit details of your deals here.
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Terms weren't disclosed, but Lithia said it paid for the dealership using existing balance sheet funding.
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LMP's latest planned acquisitions are for Cadillac and Nissan dealerships in Houston, a Kia store in Connecticut and a Chrysler-Dodge-Jeep-Ram store in New York.
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Zeigler Auto Group closed on the acquisition of four dealerships in Wisconsin from Home Run Auto Group, including its first Toyota and Hyundai stores.
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Gurley Leep Automotive Family and PSD Automotive Group each acquired stores in the second quarter, while dealer Steve Phillipos bought his second dealership in Homewood, Ill.
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