Dealership Buy/Sell

This Automotive News feature lists dealership acquisitions as reported by brokers, official announcements and news media. Click on column headers to sort by field.

NEWEST OLDEST Results for 'Oldest'
Date Posted Sort ascending Title Sort descending Buyer Sort ascending Seller Sort ascending Dealership Name Sort ascending Dealership New Name Sort ascending Dealership Old Name Sort ascending More Sort ascending
10/02/2019 #1 Cochran/GPB #1 Cochran GPB Capital Holdings #1 Cochran Chevrolet and #1 Cochran Nissan Cranberry Kenny Ross Chevrolet and Kenny Ross Nissan, both in Zelienople, Pa.

There was no adviser in the sale.

05/29/2015 #1 Cochran/Venmar #1 Cochran Kenneth Venmar #1 Cochran Subaru of Butler County Kerven Subaru, Butler, Pa.
05/21/2014 Aaronson, Baron, Sciarrino/Greenfield Josh Aaronson, Ron Baron, Marcello Sciarrino Dick Greenfield Route 1 Chrysler-Dodge-Jeep-Ram Dick Greenfield Chrysler-Dodge-Jeep-Ram, Lawrenceville, N.J.

Rob Lee of Tim Lamb Group was the adviser.

07/29/2015 Aaronson, Sciarrino, Baron/Manfredi Josh Aaronson, Marcello Sciarrino, Ron Baron, David Baron Manfredi Auto Group Island Toyota, Island Chrysler-Dodge-Jeep-Ram, Island Kia, Island Hyundai, Island Mazda, Island Fiat, Island Mitsubishi, Island Subaru Manfredi Toyota, Manfredi Chrysler-Dodge-Jeep-Ram, Manfredi Kia, Manfredi Hyundai, Manfredi Mazda, Manfredi Fiat, Manfredi Mitsubishi, Subaru of Staten Island, New York

Rob Lee of Tim Lamb Group advised the buyer, Island Auto Group. All the stores are on Staten Island.

11/25/2019 Adams/Hunzeker John Adams Todd Hunzeker John Adams Ford Todd Hunzeker Ford, in Soda Springs, Idaho

Performance Brokerage Services handled the transaction.

10/22/2019 Ahmed/Leckner Faisal and Ali Ahmed Carl Leckner Nissan Ellicott City Leckner Nissan of Ellicott City in Ellicott City, Md.

George Chaconas of Performance Brokerage Services handled the transaction.

10/23/2015 Albright/Ronchetti Fred Albright Greg Ronchetti Albright Buick-GMC-Cadillac Greg Motors Buick-GMC-Cadillac, St Joseph, Mo.
03/11/2015 Alizadeh/Mann, Champion Glen and Steve Alizadeh of Auto Planet Group John Mann, Cam Champion

The Alizadehs acquired Performance Auto Group, which had 11 dealerships in St. Catharines and Grimsby, Ontario, selling 14 new-vehicle brands. Dealer Solutions Canada was the adviser.

08/30/2017 Allen/Allen Jonathan Allen Estate of David Allen Allen Toyota, Gulfport, Miss.

The buyer purchased the dealership from the family estate.

11/23/2016 Allen/Holloway Sheree Kaplan Allen Paul Holloway Mercedes-Benz of Portsmouth Holloway Automotive, Greenland, N.H.

Nancy Phillips Associates Inc. was the adviser.

10/12/2018 Alpha/Jachter, Lanphere Alpha Auto Group David Jachter and Bob Lanphere Wilsonville Subaru and Wilsonville Toyota in Wilsonville, Ore.

Kerrigan Advisors advised the seller in this transaction.

12/16/2015 Alpha/Lapointe Alpha Auto Group Jimmy Lapointe Lapointe Chrysler-Dodge-Jeep, Pembroke Honda, Pembroke Nissan, Pembroke, Ontario; Petawawa Kia, Petawawa, Ontario; Renfrew Chrysler, Calgary, Alberta

Dealer Solutions Canada advised the seller.

02/19/2016 AMSI/Swope Automotive Management Services Inc. Sam Swope Auto Group Lexus of Louisville, BMW of Louisville, Honda World, Louisville Chrysler-Dodge-Jeep-Ram, Courtesy Buick-GMC, Courtesy Cadillac, Volvo Cars of Louisville, Louisville Infiniti; Volkswagen of Clarksville Lexus of Louisville, Sam Swope BMW, Sam Swope Honda World, Sam Swope Chrysler-Jeep-Dodge-Ram, Sam Swope Buick-GMC, Sam Swope Cadillac, Sam Swope Volvo, Sam Swope Infiniti, Louisville, Ky.; Sam Swope Volkswagen of Clarksville, Clarksville, Ind.
06/13/2016 Anderson/Wiley Anderson Automotive Group Wiley Auto Group Anderson Ford-Lincoln of Kingman, Anderson Ford Colorado River Ford-Lincoln of Kingman, Kingman, Ariz., Colorado River Ford of Bullhead City, Bullhead City, Ariz.

Performance Brokerage Services was the adviser.

08/19/2013 Asbury/ Phil Smith Asbury Automotive Group Phil Smith Automotive Group Nalley Kia and Nalley Toyota Stonecrest Conyers Kia and Stonecrest Toyota, Lithonia, Ga.

Asbury COO Michael Kearney said in a July earnings call that he expects these dealerships and Conyers Hyundai to produce approximately $115 million in annualized revenues.

08/19/2013 Asbury/ Phil Smith Asbury Automotive Group Phil Smith Automotive Group Nalley Hyundai Conyers Hyundai, Conyers, Ga.
03/09/2017 Asbury/Cole, Peck Asbury Automotive Group Courtney Cox Cole and Monica Peck Hare Chevrolet, Noblesville, Ind.
07/06/2015 Asbury/Davidson Asbury Automotive Group Mike Davidson Coggin Ford Mike Davidson Ford, Jacksonville, Fla.

The store, with expected annual revenue of about $90 million, will be Asbury’s 24th new-vehicle dealership in Florida.

Alan Haig and Nate Klebacha of Haig Partners advised the seller.

07/23/2014 Asbury/Fink Asbury Automotive Group Scott Fink Coggin DeLand Hyundai Hyundai of DeLand, DeLand, Fla.

The store's annual revenue is expected to be about $40 million.

05/29/2015 Asbury/Hoban Asbury Automotive Group Pat Hoban Nalley Nissan Atlanta Capitol City Nissan, Chamblee, Ga.
02/11/2015 Asbury/Jackson, Logun Asbury Automotive Frank Jackson, Brian Logun Nalley Ford Sandy Springs Sandy Springs Ford, Sandy Springs, Ga.

Haig Partners advised the sellers.

12/22/2014 Asbury/Johnson Asbury Automotive Group Cliff Johnson David McDavid Ford Fort Worth Texas Motors Ford, Fort Worth, Texas

Asbury now has seven stores in Texas. Haig Partners advised the seller.

11/20/2019 Asbury/Shaw Asbury Automotive Group Mike Shaw Mike Shaw Subaru in Thornton, Colo.

This is the first Subaru franchise for Asbury and its first location in Colorado. Asbury did not use a broker in the transaction.

02/23/2018 Asbury/Terry Lee Asbury Automotive Group Terry Lee Cos. Hare Honda Terry Lee Honda, Avon, Ind.

The Presidio Group advised the seller in the transaction.

04/19/2017 Astorg, Spears/Smith Paul Astorg and Jamie Spears Gerald and Vicki Smith Astorg Auto of Charleston Smith Company Motor Cars, Charleston, W.Va.

Brands include Mercedes-Benz, Volvo, Jaguar and Land Rover.

08/31/2017 Atkinson/Jenkins Carl Atkinson and Greenway Automotive Group Jenkins Auto Group Awesome Nissan of Brunswick Jenkins Nissan of Brunswick, Brunswick, Ga.

Performance Brokerage Services advised the sale.

02/04/2015 Atlantic/Long Island Atlantic Auto Group Long Island Automotive Group Advantage Honda Honda Manhasset, Manhasset, N.Y.

Rob Lee of Tim Lamb Group advised the seller.

05/18/2016 Auto Team Delaware/Townsend Auto Team Delaware Jeff Townsend Chevrolet of Dover Townsend Bros. Chevrolet, Dover, Del.
11/25/2014 AutoCanada/Houk, Hardy AutoCanada Walter Houk, Gerald Hardy Bridges Chevrolet-Buick-GMC, North Battleford, Saskatchewan
06/30/2014 AutoCanada/Levac, Hammer AutoCanada Joel Levac and Dick Hammer BMW Canbec and Mini Mont Royal, Montreal

The dealerships retailed a combined 1,652 new and 713 used vehicles in 2013.

10/07/2015 AutoCanada/Martens, Davis AutoCanada Terry Martens, Josh Davis Grove Dodge-Chrysler-Jeep Spruce Grove Dodge-Chrysler-Jeep, Spruce Grove, Alberta, Canada

Davis will maintain a 10 percent stake in the dealership.

04/24/2015 AutoCanada/McCook, Styner, Leger AutoCanada Larry McCook, Brad Styner, Jolayne Leger Airdrie Chrysler, Airdrie, Alberta

FRANCHISES: Chrysler, Dodge, Jeep, Ram

04/01/2014 AutoCanada/McNaught AutoCanada Gord McNaught Jr., Andrew McNaught McNaught Cadillac-Buick-GMC, Winnipeg, Manitoba

In 2013, the dealership retailed 593 new and 520 used vehicles.

11/05/2014 AutoCanada/Stern AutoCanada Paul Stern Toronto Dodge-Chrysler, Toronto

The store sells about 220 new and 175 used vehicles a year. Dealer Solutions Canada was the adviser.

07/15/2014 Autocom/Keldaneri Autocom Nissan Keldaneri Corp. Autocom Nissan of San Leandro San Leandro Nissan, San Leandro, Calif.

Performance Brokerage Services was the adviser.

02/18/2015 AutoFair/Regan AutoFair Automotive Group Ann Regan AutoFair Ford of Haverhill Regan Ford, Haverhill, Mass.
08/19/2013 AutoNation/ Don Davis AutoNation Don Davis Auto Group AutoNation Toyota North Arlington Don Davis Toyota, Arlington, Texas
02/10/2014 AutoNation/ Mize AutoNation Kevin Mize, O'Hare Auto Group AutoNation Honda O'Hare, AutoNation Hyundai O'Hare O'Hare Honda, O'Hare Hyundai in Des Plaines, Ill.

Retail sales of more than 3,100 new and used vehicles at the two stores generated approximately $86 million in annual revenue in 2012.

08/19/2013 AutoNation/ Sparrow and Thurston AutoNation Tom Sparrow and Bud Thurston AutoNation Hyundai Tempe Hyundai of Tempe, Tempe, Ariz.
08/19/2013 AutoNation/ Sparrow and Thurston AutoNation Tom Sparrow and Bud Thurston AutoNation Honda Chandler SanTan Honda, Chandler, Ariz.
09/19/2014 AutoNation/Barrier AutoNation Jimmy Barrier Barrier Motors, Bellevue, Wash.

STORES: Mercedes-Benz of Bellevue, Barrier Audi, Barrier Porsche, Barrier Volvo

04/15/2015 AutoNation/California Superstores AutoNation California Superstores AutoNation Chrysler-Dodge-Jeep-Ram Valencia Valencia Chrysler-Dodge-Jeep-Ram, Valencia, Calif.

Phil Vogel of Vogel Strategies was the adviser.

02/18/2015 AutoNation/Coleman AutoNation Brett Coleman Mercedes-Benz of Reno, Reno, Nev.

Haig Partners advised the seller.

05/29/2015 AutoNation/Cross, Cueny, Anderson AutoNation Jim Cross, Brian Cueny, Don Anderson Jaguar Spokane, Land Rover Spokane, Volvo of Spokane Jaguar-Land Rover-Volvo of Spokane, Spokane, Wash.

MD Johnson advised the seller.

08/18/2016 AutoNation/DiSimone AutoNation DiSimone Imports Jaguar White Plains White Plains Jaguar, Elmsford, N.Y.
03/18/2016 AutoNation/Gregory AutoNation Carl Gregory Enterprises

AutoNation bought 13 stores in Georgia, Alabama and Tennessee. Brands include Chrysler, Dodge, Jeep, Ram, Fiat, Ford, Lincoln, Honda, Hyundai and Volkswagen.

In 2014 the stores generated revenues of more than $480 million with about 16,750 new- and used-vehicle sales.

01/14/2016 AutoNation/Lanphere AutoNation Lanphere Auto Group AutoNation Honda Renton Renton Honda, Renton, Wash.

Kerrigan Advisors advised the seller.

08/18/2016 AutoNation/Premier AutoNation Premier Collection BMW Mount Kisco, Land Rover Mount Kisco, Mount Kisco, N.Y.; Jaguar Land Rover Larchmont/New Rochelle, New Rochelle, N.Y.
07/23/2014 AutoNation/Roundtree AutoNation Roundtree Automotive Group AutoNation Chrysler-Dodge-Jeep-Ram Mobile Roundtree Chrysler-Dodge-Jeep-Ram, Mobile, Ala.

The store's annual revenue is expected to be approximately $95 million.

03/18/2016 AutoNation/Samuels AutoNation Allen Samuels Auto Group

AutoNation will acquire 12 stores in Texas. There are 31 franchises. Brands include Chrysler, Dodge, Jeep, Ram, Chevrolet, Hyundai, Mercedes-Benz and Sprinter.

The stores represent approximately $800 million in annual revenue and sales of about 19,500 new and used vehicles a year. This is AutoNation’s biggest single acquisition since 1999. Stephens Inc. advised the seller.

10/23/2015 AutoNation/Valley Motors AutoNation Valley Motors Auto Group Mercedes-Benz of Hunt Valley, AutoNation Volkswagen Hunt Valley, Audi Hunt Valley, AutoNation Subaru Hunt Valley Mercedes-Benz of Hunt Valley, Valley Motors Volkswagen, Audi Hunt Valley, Subaru of Hunt Valley, Cockeysville, Md.

Haig Partners advised the seller.

11/05/2014 AutoSaver/Lyons AutoSaver Group Thomas Lyons Bennington Subaru, Bennington, Vt.

Nancy Phillips Associates was the adviser.

11/05/2014 AutoSaver/Vittengl AutoSaver Group Robert Vittengl Jr. AutoSaver Ford Vittengl Ford,Comstock, N.Y.

Nancy Phillips Associates was the adviser.

10/06/2016 Autosport/Adjess Jerry and Steve Lustig’s Autosport Group Adjess Motors Autosport Chevrolet Route 46 Chevrolet, Hackettstown, N.J.

Stu Lasser of Lasser Advisory Services was the adviser.

09/04/2015 Baker/Schaeffer Baker Motor Schaeffer family BMW of Wilmington Schaeffer BMW, Wilmington, N.C.
08/31/2017 Bakhtiari/Robertson Bakhtiari Auto Group Patricia, Don, and Bill Robertson Honda of Hollywood, Hollywood, Calif.

With this acquisition, Bakhtiari Auto Group will own eight dealerships in California, including Ford, Honda, Mitsubishi, and Subaru. Kerrigan Advisors advised the seller in this transaction.

11/05/2014 Balise/Cartwright Balise Motor Sales David Cartwright Fairfield Hyundai, Fairfield, Conn.
05/29/2015 Ballweg/King Ballweg Family of Dealerships Steve King Audi Kirkwood Parktown Imports, Kirkwood, Mo.

Don Brown of Midwest Brokerage was the adviser.

Franchise: Audi

11/21/2019 Barnett/Shottenkirk Kelly Barnett Gregory Shottenkirk Mount Pleasant Chrysler-Dodge-Jeep-Ram Shottenkirk Chrysler-Jeep-Dodge in Mount Pleasant, Iowa

There was no adviser in the sale.

04/15/2015 Baron, Aaronson, Sciarrino/Esposito, Tackett Ron Baron, David Baron, Josh Aaronson and Marcello Sciarrino Frank Esposito and Frank Tackett Hudson Kia, Jersey City, N.J.

Rob Lee of Tim Lamb Group was the adviser.

06/09/2015 Bayird/Crowe Bayird Auto Group Blake and Janet Crowe Keith Bayird Dodge-Chrysler-Jeep Earl’s Dodge-Jeep, West Plains, Mo.

Hicks Management & Consulting Group was the adviser.

Brands: Chrysler, Jeep, Dodge, Ram

07/23/2014 Bayside/Sheehy Bayside Automotive Group Sheehy Automotive Group Bayside Nissan of Annapolis Sheehy Nissan of Annapolis, Annapolis, Md.

James Mitchell of CBRE - Dealership Capital Group advised the seller.

10/27/2017 Beford/Ogan Mark Beford David Ogan Beford Ford-Lincoln Carroll Halliday Ford-Lincoln, Washington Courthouse, Ohio

Performance Brokerage Services advised the sale.

11/20/2014 Beine/Hoffer Bob Beine John Hoffer Carthage Chrysler-Dodge-Jeep-Ram John Hoffer Dodge, Carthage, Mo.

Bob Beine has a Ford-Lincoln dealership in Republic, Mo., and a Ford dealership in Carthage, Mo. John Hoffer has a Chrysler-Jeep dealership in Topeka, Kan.

03/03/2017 Berg/Staluppi Jimmy, Harriet and Aaron Berg John Staluppi Jr. Sunrise Toyota North Innovation Toyota, Middle Island, N.Y.
10/23/2014 Bergstrom/Ballweg Bergstrom Automotive Ballweg Family of Dealerships Bergstrom Chevrolet of Middleton Ballweg Chevrolet, Middleton, Wis.
03/11/2015 Berkshire Hathaway/Churchill, Watson Berkshire Hathaway Automotive Will Churchill, Corrie Watson Honda of Fort Worth Frank Kent Honda, Fort Worth, Texas

Hicks Management & Consulting Group was the adviser.

08/29/2019 Biehl/FRMB Scott Biehl FRMB, a company owned by majority owner Ray Beshoff, Jerry Heuer and Scott Biehl Mercedes-Benz of Fresno in Fresno, Calif.

National Business Brokers was adviser to the buyer and seller in the transaction.

04/15/2015 Bies, Williams/Kinney Thomas Bies, Karl Williams Doug Kinney Premier Mazda, Kansas City, Mo.

Dick Pryor of Tim Lamb Group was the adviser.

08/13/2015 Bies, Williams/Perry, Ellis Thomas Bies, Karl Williams Rex Perry, Shad Ellis Premier Kia Perry-Ellis Kia, Lufkin, Texas

Dick Pryor of Tim Lamb Group advised the buyers.

10/06/2016 Billion/McEleney David Billion John McEleney, Drew McEleney Billion Clinton McEleney Auto Center, Clinton, Iowa

BRANDS: Buick, Chevrolet, GMC, Toyota

Dick Nokes Consulting advised the seller.

04/13/2016 Billion/Pritchard Billion Automotive Pritchard Family Auto Stores Billion Ford Pritchard’s of Clear Lake, Clear Lake, Iowa

BRAND: Ford

11/05/2014 Blaicher/West Frederick Blaicher Paul West Woodbury Chevrolet West Chevrolet Sales and Service,Woodbury, Conn.

Nancy Phillips Associates was the adviser.

03/03/2017 Blain/Bélisle Normand Blain Jules Bélisle Mazda Val-David, Val-David, Quebec

Solutions Autocap and Dealer Solutions North America were the advisers.

04/24/2015 Blaise Alexander/Baugher Blaise Alexander Baugher Motors Blaise Alexander Chrysler-Dodge-Ram Baugher Motors, Codorus, Pa.
04/13/2016 Boardwalk/Del Grande Boardwalk Auto Mall Del Grande Dealer Group Boardwalk Chrysler-Dodge-Jeep-Ram Redwood City Chrysler-Dodge-Jeep-Ram, Redwood City, Calif.

Phil Vogel of Vogel Strategies advised the seller.

07/06/2015 Bommarito/Garlich, Haegele, Schmitz Bommarito Automotive Group Chris Garlich, Jeffrey Garlich, William Haegele, Craig Schmitz Bommarito Nissan West West County Nissan, Ballwin, Mo.
03/09/2017 Bomnin/Sifford Arnaldo Bomnin Ralph Sifford Bomnin Chevrolet West Kendall Grand Prize Chevrolet, Miami
02/13/2020 Booth, Mroczek/Feltes Todd Booth and Gary Mroczek Tom Feltes Heartland Chevrolet-Buick Plum Creek Motors in Lexington, Neb.

 Performance Brokerage Services handled the transaction.

04/24/2015 Booth/Dicken Tony Booth Doug Dicken Windy Chevrolet Ellensburg Chevrolet, Ellensburg, Wash.
03/03/2017 Bowers, McLarty/Graves Matt Bowers and Franklin McLarty Cecil Graves Matt Bowers Chrysler-Dodge-Jeep-Ram Cecil Graves Chrysler-Dodge-Jeep-Ram, St Francisville, La.

Matt Bowers and Franklin McLarty recently founded the Southern United Auto Group.

11/23/2016 Bowers/Ferguson Matt Bowers Andrew Ferguson Matt Bowers Nissan Nissan of New Orleans, New Orleans
09/06/2016 Bowers/Levis Matthew Bowers Robert Levis Matt Bowers Chevrolet-Cadillac Levis Chevrolet-Cadillac, Slidell, La.
05/30/2018 Brady/Poage Bob Brady Dean Poage Bob Brady Cadillac-Buick-GMC Poage Auto Mall, Forsyth, Ill.

Midwest Brokerage advised the buyer and seller in this transaction. Bob Brady also owns Dodge, Chrysler, Ram, Jeep, Honda and Hyundai franchises.

09/26/2019 Brewer/Ross Scott Brewer Jimmy Ross Brewer Airport Toyota Kenny Ross Toyota in Moon Township, Pa.

This is Brewer’s first dealership. The seller worked with Presidio Group as its broker. 

10/07/2014 Brickell/Feil Brickell Motors Feil family Ocean Cadillac, Miami Beach, Fla.

Mario Murgado, Alex Andreus and Rick Barraza are the investors behind Brickell Motors.

08/13/2015 Brown/United Brothers Brown Auto Group United Brothers Motor Group Puente Hills Ford Super Ford, City of Industry, Calif.
05/07/2014 Browning/Louie Browning Automotive Group Joe Louie Browning Mazda of Alhambra Mazda of Alhambra, Alhambra, Calif.
07/15/2014 Bunnin/Graham Leo Bunnin Richard Graham Bunnin Chevrolet-Cadillac Graham Chevrolet-Cadillac, Santa Barbara, Calif.

Performance Brokerage Services was the adviser.

08/15/2019 Burlington/Horst Burlington Auto Group Jerry Horst Raceway Chevrolet of Bethlehem Chevy 21 in Bethlehem, Pa.

There was no adviser in the sale.

11/05/2014 Bush/Beans Bush Auto Group Fred Beans Nissan 422 of Limerick Fred Beans Nissan of Limerick,Limerick, Pa.

Rich Weitzmanof Colliers International was the adviser.

09/09/2014 Butler/Walsh Butler Automotive Group Paul Walsh Butler Nissan of Macon Walsh Nissan of Macon, Macon, Ga.
07/11/2017 Byford/Robertson Randy Byford Lonnie Robertson Johnson's of Chickasha, Chickasha, Okla. Byford Chrysler-Dodge-Jeep-Ram of Chickasha

Don Midwest Brokerage was the adviser.

02/19/2016 Cannon/Chandler Michael Cannon Larry Chandler Cannon Nissan of Oxford Chandler Nissan, Oxford, Miss.
01/21/2016 Car Pros/Lanphere Car Pros Automotive Group Lanphere Auto Group Car Pros Kia Renton Renton Kia, Renton, Wash.

Kerrigan Advisors advised the seller.

01/08/2020 Car Pros/Nelson Car Pros Automotive Group Steve Nelson Car Pros Honda El Monte El Monte Honda in El Monte, Calif.

This is the first Honda dealership for the Car Pros dealership group. Kerrigan Advisors handled the sale for the seller.

07/30/2014 Carter Myers/Lewis Carter Myers Automotive Ed Lewis Staunton Nissan, Staunton Subaru, Staunton, Va. Valley Nissan, Valley Subaru
06/16/2016 Catanese/Egan, Perry Ben Catanese Dennis Egan, David Perry Ocean City Chevrolet Perry-Egan Chevrolet, Ocean City, N.J.

Rob Lee of Tim Lamb Group advised the seller.

01/21/2016 Catena/Group 1 Ray Catena Auto Group Group 1 Automotive Ray Catena of Freehold Mercedes-Benz of Freehold, Freehold, N.J.

Bill Scrivner and JB Douglas of Pinnacle Mergers and Acquisitions advised the seller.

11/20/2014 Causley/Crest Causley Automotive Group Crest Automotive Group Causley Mazda-Hyundai Crest Volvo-Hyundai, Macomb, Mich.

Causley purchased the dealership property and acquired the Hyundai business. The Volvo business was not part of the deal and was closed.