An Atlanta-based dealership group has expanded northward with its first buy within the Midwest, final month buying 5 dealerships from the Mike Raisor Automotive Group in Lafayette, Ind.
5 Star Automotive Group on Feb. 20 closed on the Ford-Lincoln, Buick-GMC-Cadillac, Mercedes-Benz, Audi and Volkswagen Mike Raisor shops. Phrases of the transaction weren’t disclosed.
The dealerships have been rebranded Lafayette Ford-Lincoln, Lafayette Buick-GMC-Cadillac, Mercedes-Benz of Lafayette, Audi Lafayette and Lafayette Volkswagen.
The 5 Star group, a family-owned operation, was based in 1986 with one Dodge dealership in Macon, Ga. It has grown to 26 dealerships in Georgia, Alabama, South Carolina, Tennessee and now Indiana. The dealership group is owned by Dick Pope and Charlie Cantrell.
Wesley Pope, who oversees the group’s shops, stated the deal consists of two new manufacturers for 5 Star: Audi and Volkswagen.
“We expect Lafayette is only a nice metropolis, [a] single-point market with manufacturers that we predict are actually good franchises,” Wesley Pope informed Automotive Information. “We’re excited in regards to the location and the product combine.”
Bob Morris, director of the Southeast area for the Tim Lamb Group, dealt with the transaction.