Zeigler Auto Group plans to shut Monday on the acquisition of 4 dealerships in Wisconsin, marking its first shops within the state and first Toyota and Hyundai retailers.
The rising retailer will purchase Racine Honda, Racine Toyota and Racine Hyundai, all in Mount Nice, and Kenosha Subaru from Dwelling Run Auto Group of Janesville, Wis. The group is owned by Jim Bozich and Mark Geiger.
Zeigler of Kalamazoo, Mich., stated the transaction is its largest acquisition to this point and that it plans to maintain all workers on the shops.
“We’re very proud to be increasing Zeigler into the nice state of Wisconsin,” Aaron Zeigler, president and proprietor of Zeigler Auto Group, stated in an announcement. “We all know that the neighborhood right here will recognize the best way we do enterprise, not simply in how we go above and past for each single buyer, but additionally in the best way that we make it a precedence to actively participate within the communities the place we function.”
Phrases of the deal weren’t disclosed.
The southern Wisconsin dealerships will probably be renamed Zeigler Honda of Racine, Zeigler Toyota of Racine, Zeigler Hyundai of Racine and Zeigler Subaru of Kenosha.
Zeigler stated the 4 dealerships will add about 14,000 car gross sales a yr. With the brand new shops, Zeigler expects to promote greater than 67,000 automobiles subsequent yr, producing greater than $2.2 billion in income.
That is the newest acquisition for Zeigler, which has been in enlargement mode. In January 2020, it purchased Mercedes-Benz and Sprinter of Hoffman Estates, Jaguar-Land Rover Schaumburg and Infiniti of Hoffman Estates, all in Illinois. In Might, it bought International Subaru of Merrillville in Indiana.
The retailer now has about 30 new-vehicle dealerships in Wisconsin, Illinois, Indiana and Michigan.
Zeigler ranks No. 55 on Automotive Information‘ record of the highest 150 dealership teams primarily based within the U.S., retailing 15,996 new automobiles in 2020.