DEALERSHIP BUY/SELL

This is Ken Garff’s second dealership in Arizona. Kerrigan Advisors represented the seller in the transaction. Ken Garff also bought Earnhardt Kia in Phoenix on Aug. 9 from Earnhardt Auto Centers.

The deal also includes a Mercedes-Benz Sprinter commercial van outlet. Presidio Group represented Tysinger in the transaction. 

With the acquisition, Sonic has seven Audi franchises and four Volkswagen franchises in its portfolio.

Razick is the sole owner of the Ford dealership. Razick also owns Hyundai of Yuma and Kia of Yuma, in Arizona, with partner Adli Kakish.

Tony Karabon of DCG Acquisitions, a Dave Cantin Group company, brokered the transaction.

Bill Scrivner of Pinnacle Mergers & Acquisitions in Frisco, Texas, represented Lithia in the transaction.

This is Island Auto Group’s first Chevrolet dealership. No brokers were used in the transaction.

This is Hamze’s first franchised dealership. He also owns two used-vehicle dealerships.

Kerrigan Advisors represented the seller in the transaction.

This is Gilchrist’s third Ford dealership and first Lincoln outlet and the group now has 12 dealerships. No broker was used in the transaction.  

Tim Wild of Tim Lamb Group represented the seller in the transaction. 

Jody Henderson of Dealer Solutions Mergers and Acquisitions represented the seller in the transaction.

This is Jim Schmidt Automotive’s third dealership.

This is Castle Automotive’s first Chrysler-Dodge-Jeep-Ram dealership. The group now has eight dealerships across suburban Chicago and Northwest Indiana.

This is Ken Garff Automotive’s first Kia franchise and first dealership in Arizona. Kerrigan Advisors represented Earnhardt Auto Centers in the sale.

Lithia did not use a broker. 

This is Asbury’s second Subaru dealership and third Colorado dealership. Jody Henderson of Dealer Solutions Mergers and Acquisitions handled the transaction.

This is Schomp Automotive’s first Nissan dealership. National Business Brokers represented Schomp in the transaction.

This is LaFontaine’s first Lincoln outlet. The store has temporarily moved to its Ford of Flushing store in Michigan while it builds a standalone store at a new location in Genesee County, Mich. LaFontaine worked with broker Performance Brokerage Services in the transaction. 

This is Foundation’s second Hyundai dealership and 18th store in the U.S. Josh Letis, managing partner of Foundation’s Medved Autoplex — which includes Cadillac, Chevrolet and Kia stores in Wheat Ridge, Colo., as well as Foundation Hyundai in Westminster, Colo. — will also be managing partner of the Boulder location.

Tovstanovsky and his family own a used-vehicle business, Prestige Motor Works, in Naperville, Ill. Arenson Law Group in Cedar Rapids, Iowa, represented the seller in the transaction, while Chicago lawyer Ira Levin represented the buyer. 

This is the Carlsons’ first dealership. Performance Brokerage Services brokered the transaction.

This is Yan Chertok and Arthur Boguslavskiy’s second franchised dealership. Rob Lee of Tim Lamb Group brokered the transaction.

This marks the first stores in Wisconsin for Zeigler and also its first Toyota and Hyundai dealerships.

With this acquisition, Ed Morse Automotive now has each of the Detroit 3 automakers represented in Texas.

This was Sonic’s first franchised dealership acquisition since November 2014. The Subaru dealership marks a return to the Japanese brand for Sonic, which last owned a Subaru dealership in 2019. Sonic now has three Volkswagen dealerships. Bubar is retiring, according to Kerrigan Advisors, which represented him in the transaction.

This is Adel Dealerco’s first dealership acquisition. Its majority owner is Orlando Rentco, and minority owners are Mark Zurales and Sandy Miller, former CEO of Budget Group Inc. Orlando Rentco owns Advantage Rent a Car. Bill Fields of Dealer Solutions Mergers and Acquisitions represented the seller in the transaction.

This store is Lithia’s first in Alabama. Haig Partners represented the seller in the transaction.

Ozog Consulting Group represented the seller in the transaction.

Johnson is the store’s finance manager, and this is Hoffer’s first dealership purchase. Tim Wild of Tim Lamb Group represented the buyer in the transaction.

The transaction also included Audi Service Conshohocken and the Warehouse, a used-vehicle dealership, both in Conshohocken, Pa. These are Sobel’s first dealerships in Pennsylvania. Sobel also has dealerships in New Jersey and New York.

Crane moved the Chevrolet franchise a little more than a mile north to Niles, Ill.

Wahlberg and Feldman are partners in several dealerships in Columbus, Ohio, area. Tim Lamb Group handled the transaction. 

LaFontaine now has 25 Michigan locations. Dealer Solutions Mergers and Acquisitions represented LaFontaine in the transaction. 

This is Stuckey Automotive’s second Ford dealership and fifth store overall. Neither party used a broker in the transaction. Confer still owns Joel Confer Toyota-BMW in State College, Pa.

This is Dunhill Auto Group’s first franchised dealership. Dunhill has four used-vehicle dealerships in New Jersey, in the New York City area. Rich Weitzman of Colliers International represented Peruzzi Auto in the transaction. Aboyoun Dobbs represented Dunhill Auto as its legal counsel in the transaction.

George Pero and Joe Beaver of DCG Acquisitions, a Dave Cantin Group company, handled the transaction. 

This is MacNeil’s first dealership. He is CEO of WeatherTech. George Pero, Alex Covino and Joe Beaver of DCG Acquisitions, a Dave Cantin Group company, handled the transaction. 

This is Boyd’s first dealership. Turner Chevrolet previously had a Cadillac franchise, but General Motors terminated it before the transaction’s closing. Don Brown of Midwest Brokerage in St. Louis represented Williams in the transaction.

Kerbeck’s dealership was the highest-volume Chevrolet Corvette seller in the country. Bel Air Partners, a buy-sell advisory firm in Hopewell, N.J., represented the sellers in the transaction. 

These are Umansky Automotive’s first dealerships in California. It also has dealerships in Mississippi, Tennessee, Wisconsin and Virginia. With the transaction, Qvale Automotive has exited California and has four rooftops in Florida. Presidio Group represented Qvale in the Livermore transaction. Umansky Automotive did not use a broker.

Time Auto now has five franchised dealerships in Oregon. It also owns D&C Motor Co., a used-vehicle dealership in Portland that specializes in European luxury brands. George Pero and Joe Beaver of DCG Acquisitions, a Dave Cantin Group company, handled the transaction.

Rosenberg now has four dealerships. Nancy Phillips Associates represented the seller in the transaction. The seller also worked with lawyer Erik Barstow of Integral Business Counsel law firm, while the buyers worked with lawyer Bob Macdonald of Bernstein, Shur, Sawyer & Nelson. Todd Merriam of O’Connor & Drew was accountant on the transaction. 

The dealership will relocate to a nearby location. No broker was used in the transaction. 

Don Brown of Midwest Brokerage represented the buyer in the transaction, while Greg Errion Consulting represented the sellers.

Michael’s Toyota of Bellevue is the largest Toyota store in Washington state based on new-vehicle sales. Paulson, a minority partner and general manager at both stores, is staying on as general manager. Mark Johnson and Mark Topping of MD Johnson represented Broadus.

Mark Johnson and Mark Topping of MD Johnson represented the seller in the transaction.

Gurley Leep is moving the Honda franchise from Marshalltown to Altoona, Iowa, where the group plans to build a 30,000-square-foot dealership and name it Honda of Altoona. Gurley Leep estimates that the new dealership will open around July 2023.

Phillipos also owns Chevrolet of Homewood.

The Arkansas acquisitions mark the group’s first Chevrolet and Ford-Lincoln stores. Karl Malone Auto Group, owned by basketball Hall of Famer Karl Malone, also has two dealerships in Utah: Karl Malone Toyota in Draper and Karl Malone Chrysler-Dodge-Jeep-Ram in Heber City, as well as Karl Malone Toyota of Ruston in Ruston, La.  No brokers were used in the Arkansas transaction.

Kerrigan Advisors represented Lithia in the sale. 

Bob Johnson said the acquisition will add $350 million in annual revenue. No broker was used in the transaction. 

Lithia said the store would generate $95 million in annual revenues. Bill Scrivner and Mike Sims of Pinnacle Mergers & Acquisitions advised the seller in the transaction.

Ehrlich and Motschall were owners of the Fort Morgan stores, and the Ehrlich family was the owner of the Greeley store. Ehrlich will retain Toyota of Laramie in Wyoming. No broker was used in the transaction.

 Lithia said the stores would add $350 million in annual revenues. No brokers were used in the transaction. 

This is Martin Management Group’s first Nissan dealership. Martin Management has dealerships in Kentucky, Ohio, West Virginia, Tennessee, South Carolina and California. Jason Stopnitzky, co-founder of Performance Brokerage Services, brokered the transaction.

This is Hudson Automotive’s first dealership in Alabama. Gerrick Wilkins of Dealer Support Network represented the buyer in the transaction.

The Lincoln brand was not part of the transaction. The buyers also own Apple Ford in Lynchburg, Va. No broker was used in the transaction.

Penske said the store, in a new market for the group, is expected to generate $150 million in annual revenue. No broker was used in the transaction.

Toyota and Subaru are new brands for Great Lakes Auto Network, which is based in Akron, Ohio. The single-rooftop dealership is the group’s first store in western Ohio. Neither party used a broker in the transaction. Great Lakes also has two Honda dealerships, a Hyundai dealership and a Kia store.

No broker was used in the transaction.

TKO now has seven dealerships, CEO Travis Ostrom said, with other locations in Georgia and North Carolina. Bill Fields of Dealer Solutions Mergers and Acquisitions, represented the seller in the transaction.

Winkler is staying as the store’s general manager. This is Phil Long Dealerships’ second dealership in western Colorado and marks a return to the Subaru brand. No broker was used in the transaction. 

Conklin has moved the Chrysler-Dodge-Jeep-Ram store to its campus in Newton, which also has Ford and Chevrolet dealerships. The company also sells Buick, GMC, Honda, Toyota and Nissan at other locations in Kansas. Robbins is retaining a Chrysler-Dodge-Jeep-Ram-Fiat dealership in Manhattan, Kan. No broker was used in the transaction.

Pedder Auto now has seven dealerships. Performance Brokerage Services brokered the transaction. James Barone of Ferruzzo & Ferruzzo law firm in Newport Beach, Calif., represented Pedder, while lawyer Leslie Chayo of Beverly Hills, Calif., represented Abelkop.

No broker was used in the transaction.

This is Foundation Automotive Corp.’s first Hyundai dealership. The agreement required Foundation to move the Hyundai store to a different building, a former AutoNation dealership, about two miles away in Westminster, Colo. Foundation will rent the building from AutoNation. Foundation, a Canadian group, now has 20 rooftops in Canada and the U.S. Josh Letis, managing partner of the group’s Medved Autoplex — which includes Cadillac, Chevrolet and Kia stores in nearby Wheat Ridge, Colo. — will also be managing partner at the Hyundai store. Dealer Solutions Mergers and Acquisitions represented Foundation in the Hyundai transaction. AutoNation did not use a broker.

This is Zeigler’s first Subaru dealership. Neither party used a broker. Zeigler now has 26 new-vehicle dealerships in Michigan, Illinois and Indiana. Zeigler also owns three Byrider used-vehicle stores, a preowned store in Berwyn, Ill., and a motorsports store in Kalamazoo, Mich.

Performance Brokerage Services represented Nolette in the transaction. Thomas did not use a broker.

The buyers also have a Celebration Kia dealership in Lewis Center, Ohio. Tim Lamb Group represented the seller in the transaction.

Lithia bought Hazleton Honda in 2019 from an ailing dealership group and expected the store to generate about $50 million in annual revenues. Timbrook Automotive has dealerships in Maryland, West Virginia, Pennsylvania and Virginia. Brian Brown and Woody Woodward of DCG Acquisitions, a Dave Cantin Group company, handled the transaction. 

Burlington Automotive Group now has nine dealerships, according to DCG Acquisitions, a Dave Cantin Group company. Dave Cantin and Brian Brown of DCG Acquisitions handled the transaction.

The Lum family also owns Lum’s Auto Center, a Toyota-Chrysler-Dodge-Jeep-Ram dealership in Warrenton, Ore., and Lum’s Buick-GMC-Cadillac in McMinnville, Ore. Performance Brokerage Services handled the transaction. Craig Nichols and Geoff Nichols of Nichols Law Group in Portland represented the Lum family, and Jim Aiken of Aiken Law Group in Issaquah, Wash, represented the McCurley group.

Las Vegas is a new market for Lithia. The western region office of DCG Acquisitions, a Dave Cantin Group company, represented the seller in the transaction.

Cicotte also owns Volvo-Volkswagen of Lebanon. Cicotte previously owned the Nissan store and sold it to Victoria Marcinkevich in 2012, according to Valley News. Nancy Phillips Associates facilitated the transaction.

Nate Klebacha of Haig Partners, a Fort Lauderdale, Fla., buy-sell firm, represented the seller in the transaction.

Rafih Auto Group is based in Windsor, Ontario. The group about two years ago bought three dealerships in Ohio. No broker was used in the transaction.

No broker was used in the transaction. 

Performance Brokerage Services handled the transaction for both parties. 

This is Stephanie Morris’ first dealership acquisition. Andy Church of Dealer Solutions Mergers and Acquisitions, a buy-sell firm based in Markham, Ontario, with a U.S. office in Jupiter, Fla., represented the seller in the transaction.

LMP purchased an 85 percent stake in Hometown Subaru. Bob Morris of Tim Lamb Group brokered the transaction.

These are Diehl Automotive’s first Ford and Hyundai stores. Diehl now has nine rooftops across western Pennsylvania and eastern Ohio. Blair Sharpe of Tim Lamb Group represented the seller in the transaction.

Integrity Auto Group also owns Toyota City in Mamaroneck, N.Y., Hyundai City of Bay Ridge in Brooklyn, N.Y., and Genesis of Brooklyn.

Checkered Flag, of Virginia Beach, Va., now has 11 rooftops throughout southeastern Virginia. Its portfolio also features Toyota, Honda, Hyundai, Genesis, Volkswagen, Jaguar-Land Rover, Audi, Porsche, BMW and Mini. Neither party used a broker in the Newport News transaction.

Brad Bickle of Tim Lamb Group represented the seller in the transaction.

Performance Brokerage Services handled the transaction for both parties.

HGreg.com, part of Canada’s HGregoire, now has five franchised dealerships in the U.S. Haig Partners represented the seller in the transaction.

Bill Scrivner and Mike Sims of Pinnacle Mergers & Acquisitions represented the buyer in the transaction.

Gomes also owns Stevens 112 Ford in Patchogue, N.Y., Ford of Smithtown and Lincoln of Smithtown, both in St. James, N.Y., and Stevens Jersey City Ford in New Jersey. The Strollo family had owned the dealership since 1976.

The acquisition marks West Herr’s fourth Toyota store and sixth dealership in the Rochester area. West Herr now has 29 locations. Jay Jay Vanderstyne is staying on as general manager. No broker was used in the transaction.

Mallor Grodner, a Bloomington, Ind., law firm that handles business asset sales, represented the seller.

Dick’s Auto Group was founded in 1985 by Dick Inukai. This is the group’s fifth dealership. Joe Beaver of DCG Acquisitions, a Dave Cantin Group company, handled the transaction for both parties.

Bill Feinstein, who owned 20 percent of the dealership, is staying on as general manager and will lead the store. This is Lithia’s 247th dealership. MD Johnson Inc., an Enumclaw, Wash., buy-sell firm, represented Ciasulli. Aboyoun Dobbs represented Planet Honda as its legal counsel in the transaction.

Miller, who owned the dealership for 24 years, is staying on as general manager. Nancy Phillips Associates handled the transaction for both parties. Key Auto has dealerships in New Hampshire, Maine, Vermont and Florida.

Copeland Automotive now has five dealerships and its second Chevrolet franchise. Its other stores are Copeland Toyota, Copeland Volkswagen and Copeland Chevrolet, all in Brockton, south of Boston. Prime owned the stores for less than three years, acquiring them in September 2018. Haig Partners represented the seller in the transaction.