The Lum household has bought a second Toyota retailer and third dealership after greater than 50 years in auto retail.
Supplier Lori Lum mentioned she and her household (father David Lum, mom Shirley Lum and her two sisters Julie Lum and Pam Lum) together with minority associate Justin Teubner final week bought McCurley Integrity Toyota in Walla Walla, Wash. McCurley Integrity Dealerships, which has 5 new-vehicle dealerships in Washington state, was the vendor.
Phrases of the Might 17 transaction weren’t disclosed, although the shop has been renamed Walla Walla Toyota. Teubner is the dealership’s basic supervisor.
Lori Lum mentioned the group, now in its second era, had been on the lookout for acquisitions and was pleased to land one other Toyota dealership.
“This nice alternative got here up in lovely Walla Walla, wine nation,” she informed Automotive Information. “It simply match very well.”
The Lum household additionally owns Lum’s Auto Middle, a Toyota-Chrysler-Dodge-Jeep-Ram retailer in Warrenton, Ore., and Lum’s Buick-GMC-Cadillac in McMinnville, Ore., which it acquired in 2018. Walla Walla is simply throughout the Oregon state line.
David Lum based the group in 1969 with a Toyota retailer in his hometown of Astoria, Ore. That retailer later relocated to close by Warrenton. Lori Lum mentioned the group could be very lively within the communities it serves.
McCurley Integrity Dealerships was based in 1981 by Invoice McCurley, in keeping with Efficiency Brokerage Companies, an Irvine, Calif., buy-sell agency, which dealt with the transaction. The group’s president is Invoice McCurley’s son, Mason McCurley, who was honored in 2019 in Automotive Information’ 40 Beneath 40 program.