DEALERSHIP BUY/SELL

This is Classic Auto Group’s eighth store, which are all in Oklahoma. Classic Auto did not use a broker in the transaction.

The Lincoln franchise was not part of the transaction. George Pero and Joe Beaver of DCG Acquisitions, a Dave Cantin Group company, handled the transaction.

This is Yark’s sixth store in Toledo and eighth store overall. Tim Lamb Group represented Jorgensen in the transaction.

Performance Brokerage Services and Gerrick Wilkins of Dealer Support Network handled the transaction. 

No broker was used in the transaction. 

Bel Air Partners advised the seller in the transaction. 

Mashburn, a retired NBA player, owns dealerships, restaurant franchises and other interests, according to reports. Gerrick Wilkins of Dealer Support Network represented the seller in the transaction. 

Baker Auto Group has Chrysler-Dodge-Jeep-Ram and Subaru stores in New Jersey. Bel Air Partners advised the buyer in the transaction.

Joey McQuaig represented the seller in the transaction. 

The transaction did not include the Lincoln brand; the point was closed. Sunderland and Nocera also own Mercedes-Benz of Orland Park, Ill., and Sunderland owns three other luxury dealerships in Mechanicsburg, Pa. No broker was used in the transaction. 

With the two acquisitions, Faulkner now has at least three stores. Faulkner acquired Merle Kelly Ford in Chanute, Kan., last year. Performance Brokerage Services represented Wilderman in the transactions. 

Stoler Automotive is part of Len Stoler Automotive Group. These are the group’s 10th and 11th franchised dealerships and third and fourth Lexus stores. Dave Cantin and Brian Brown of DCG Acquisitions, a Dave Cantin Group company, handled the transaction.

Pennsylvania-based Kelly Auto Group owns Kelly Nissan, Kelly Chrysler-Dodge-Jeep-Ram, Kelly Buick-GMC and Kelly Mitsubishi, all in eastern Pennsylvania. It also owns two stores in Melbourne, Fla.: Kelly Ford and Infiniti of Melbourne. John Hyland and Drew Picon of DCG Acquisitions, a Dave Cantin Group company, handled the transaction between Kelly and Savage and Gagorik. 

Performance Brokerage Services handled the transaction.

Chief Automotive also owns Cadillac of Jackson in Ridgeland, Miss., Coast Chevrolet in Pascagoula, Miss., and Hallmark Hyundai in Hendersonville, Tenn. No broker was used in the transaction.

Nancy Phillips Associates handled the transaction, along with lawyer Bob Macdonald of Bernstein Shur Sawyer & Nelson law firm. Dealership consultant Tim Lerchenfeldt represented the seller. 

Haig Partners represented the seller in the transaction.

This is Redwood Automotive’s first dealership. Redwood didn’t use a broker in the transaction. The sale completes Pendragon’s multiyear divestiture of its U.S. dealerships. 

Chip also owns Southlake Auto Group, with Kia and Nissan stores in Merrillville, Ind. No broker was used in the transaction. 

Haig Partners represented the seller in the transaction.

Bob Morris of Tim Lamb Group handled the transaction.

Gary Grover is remaining on as a salesman. Buelow also owns a Ford dealership in Baldwin, Wis. No broker was used in the transaction.

Haig Partners represented the seller in the transaction.

NNY360.com reported the sale.

The Daily Mountain Eagle reported the sale.

This is the fourth dealership for US Auto. Presidio Group represented the seller in the transaction.

No broker was used in the transaction. 

The Virginian-Pilot reported the sale.

Five Star now has 26 dealerships in five states. Bob Morris of Tim Lamb Group brokered the transaction.

This is Schomp’s ninth dealership. No broker was used in the transaction.

No broker was used in the transaction.

The Hyundai store will be moved into a separate rooftop. P4 includes Chevrolet, Nissan and Ford dealerships in Columbus and a Nissan store in Lafayette, Ind. No broker was used in the transaction.

 The store is a GMC dealership. Mike Molstead has other dealerships in Charles City, Iowa. No broker was used in the transaction.

These are the first luxury brands for McGee, which has six other franchised dealerships in Massachusetts and New Hampshire. It also has two used-vehicle stores. No broker was used in the transaction.

Nancy Phillips Associates handled the transaction.

The Journal-Republican reported the sale.

The Journal in New Ulm reported the sale. Jensen also has a Buick-GMC-Cadillac dealership in New Ulm. 

These are among the first franchised dealerships for LMP. LMP acquired an 85 percent stake in the dealerships and three used-vehicle stores. Tim Lamb Group brokered the transaction.

These are among the first franchised dealerships for LMP. Kerrigan Advisors represented the seller in the transaction.

Mike Sims of Pinnacle Mergers & Acquisitions advised the seller in the transaction.

Fink is retaining a Volkswagen store in Wesley Chapel and also will work with Lithia in an advisory role as it seeks to grow in the Southeast. Frazier, vice president of the Hyundai store in New Port Richey, will stay on. Presidio Group, a San Francisco dealership advisory firm, represented Fink in the transaction through its investment bank Presidio Merchant Partners.

The dealership includes Porsche, Audi, Mercedes-Benz and Volkswagen brands. It’s the first dealership with the Porsche brand for Leader, the U.S. operations of AutoCanada. No broker was used in the transaction.

The Lincoln brand was not part of the sale. The Citizen in Auburn, N.Y., reported the sale.

This is the third Toyota store for Preston Auto, which has 11 dealerships in Pennsylvania and Ohio. Tim Lamb Group represented the buyer in the transaction.

No broker was used in the transaction.

The store, which sold for nearly $17 million, was part of Esserman Automotive Group. The Real Deal South Florida Real Estate News and the South Florida Business Journal reported the sale.

Two of Don and Cheryl Brenengen’s three sons who remain involved in the business are retaining a small minority interest in the group. Tony Brenengen will continue as director of operations for the six dealerships. Performance Brokerage Services represented the seller in the transaction.

Chris Teape and Drew Bray of National Business Brokers handled the transaction.

This is the first Lexus store for RFJ. No broker was used in the transaction.

Maranello Sports USA is a partnership between R. Ferri Automotive, a Canadian dealership group, and Brian Culligan, according to The Buffalo News, which reported the sale. Paramax Corp. advised Towne in the transaction.

This is Bryson’s first dealership acquisition. Hal Feder of Murphy Business & Financial Corp. advised the buyer and seller in the transaction.

DSMA handled the transaction.

National Business Brokers handled the transaction.

Triunity will relocate the store to a new facility in Los Angeles. Brady Schmidt and Gary Mull of National Business Brokers handled the transaction for the buyer and seller.

Lithia said the dealerships would add $200 million in annualized revenues. Kerrigan Advisors represented the seller in the transaction.

This is Serra’s eighth Chevrolet store. No broker was used in the transaction.

The dealership sold Hyundai and Lincoln and the sellers continue to operate the Lincoln store. George Pero and Joe Beaver of DCG Acquisitions, a Dave Cantin Group company, brokered the transaction.

Sobel now has 13 stores in New Jersey and New York representing 16 franchises. Haig Partners represented the seller in the transaction.

Keyes and Tenenbaum sold nine Keyes Automotive Group dealerships in the Los Angeles and Phoenix areas in November to Lithia Motors. Their new dealership group is Howard Automotive, which now has six rooftops. No broker was used in the transaction.

No broker was used in the transaction.

Kerrigan Advisors represented the seller in the transaction.

Tim Lamb Group represented the buyer, and Bruce Rzentkowski of Motormindz represented the seller in this transaction.

Tim Lamb Group represented the buyer, and Bruce Rzentkowski of Motormindz represented the seller in the transaction.

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

Bob Morris of Tim Lamb Group brokered the transaction.

Haig Partners represented the seller in the transaction.

This is Turner’s third franchised dealership. Brian Brown and Woody Woodward of DCG Acquisitions, a Dave Cantin Group company, brokered the transaction.

Tony Karabon of DCG Acquisitions, a Dave Cantin Group company, represented the buyer in the transaction.

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

Dave Cantin and Poncho Redfern of DCG Acquisitions, a Dave Cantin Group company, represented the seller in the transaction.

This is Gilchrist’s third Chevrolet dealership and third Chrysler-Dodge-Jeep-Ram store. Hicks Management & Consulting advised the parties in the transaction.

This is Michael Coggins’ first dealership acquisition after being a general manager partner with Haddad Auto Group. Brian Brown and Woody Woodward of DCG Acquisitions, a Dave Cantin Group company, represented the seller in the transaction. 

This is Nielsen’s seventh franchised dealership acquisition. Dan Murphy of D.T. Murphy & Co. advised the buyer and seller in the transaction.

This is Premier Cos.’ seventh franchised dealership. Dave Cantin of DCG acquisitions, a Dave Cantin Group company, represented the seller in the transaction.

George Chaconas of Performance Brokerage Services brokered the transaction, and Logan Parker of Bass Sox Mercer also worked with the buyer.

Dick Pryor of Tim Lamb Group represented the seller in the transaction.

The Buick operations have moved into the Betten Baker Chevrolet-Cadillac-GMC dealership in Muskegon. The Witt family will continue selling used vehicles and perform service at the former Witt Buick dealership.

The dealership relocated down the street. This is World Auto’s 11th location and third Audi store in New Jersey. No broker was used in the transaction.

Performance Brokerage Services exclusively handled the transaction.

Blair Sharpe of Tim Lamb Group represented the seller in the transaction.

The Port Charlotte Sun reported the sale.

Nancy Phillips Associates handled the transaction. 

The auto park includes Subaru, Mazda and Hyundai-Genesis stores and was O’Brien’s only location in Florida. No broker was used in the transaction.

Kelly retains ownership of the property. Crown has dealerships in Florida, Ohio and Tennessee. Gerrick Wilkins from Dealer Support Network represented the buyer in the transaction.

Manning purchased the Ford-related assets of Sycamore Ford, a competing nearby store. Manning will operate the combined entity from the location in DeKalb, but it could expand or move. Bemis continues to operate Sycamore Hyundai and plans to build a new Hyundai dealership.

Maroone USA assumed full ownership of the dealership. In 2017, it partnered with Patty Dean to jointly own and manage the store.

This is West Herr’s third Toyota store and 28th location. No broker was used in the transaction.

No broker was used in the transaction.

This is Garber’s first Subaru dealership and sixth brand in the Rochester, N.Y., area. Brian Traugott of DCG Acquisitions, a Dave Cantin Group company, brokered the transaction.

No broker was used in the transaction.

Performance Brokerage Services exclusively handled the transaction.

Nelson Group also owns Selma Auto Mall. No broker was used in the transaction.