DCD Automotive Holdings Inc., fashioned in 2015 after buying a group of dealerships from Ernie Boch Jr., has added two Boston-area Chevrolet shops.
The Norwood, Mass., group on March 2 purchased Lannan Chevrolet of Lowell and Lannan Chevrolet of Woburn from the Lannan household. Phrases weren’t disclosed, however the shops have been renamed Nucar Lannan Chevrolet of Lowell and Nucar Lannan Chevrolet of Woburn.
DCD CEO Chris Dagesse mentioned the group had been speaking for a few years with the Lannans relating to an acquisition.
“It was in our yard in good markets, with Lowell and Woburn being good markets out within the Boston space,” Dagesse informed Automotive Information. “And we simply thought it was an ideal match. That they had an ideal crew of individuals, which we’ve not made any adjustments [to] by any means. We’re simply wanting ahead to operating them as they’re. They’re very profitable. I believe there’s some used-car development alternative there, however in any other case, very well-run shops, very secure.”
Neither social gathering used a dealer, Dagesse mentioned.
The acquisition is DCD’s newest enlargement. In December, DCD acquired AutoServ Automall of Tilton in New Hampshire, a Nissan-Ford-Volkswagen-Chrysler-Dodge-Jeep-Ram dealership, from the Gaudet household. The auto mall was renamed Nucar Automall of Tilton. The transaction additionally included a Kia franchise, renamed Nucar Kia of Tilton, which has a separate gross sales facility.
In 2019, DCD purchased Plymouth Ford and Don Noyes Chevrolet in Colebrook, each in New Hampshire.
DCD has 16 dealerships all through Massachusetts, New Hampshire and Delaware, together with eight areas that function beneath the Boch identify.
Whereas DCD was fashioned in 2015, Dagesse’s father, Dan Dagesse, at the moment a accomplice on the firm, purchased his first retailer in 1974.