4 dealership teams expanded within the fourth quarter with single-store acquisitions.

Here is a have a look at the offers involving home, luxurious and import dealerships. Two of the transactions concerned a gaggle on Automotive Information‘ listing of the highest 150 dealership teams primarily based within the U.S.

West Herr Automotive Group purchased its second dealership in simply days and entered the Syracuse market when it bought East Syracuse Chevrolet in New York this month.

The rising retailer purchased the shop Dec. 2 from Gino Barbuto.

“This choice was not straightforward and it is bittersweet for me after being right here 35 years,” Barbuto mentioned in a press release.
The shop, West Herr’s fourth Chevrolet dealership and thirty second location, is retaining its identify.

The deal got here on the heels of West Herr’s Nov. 24 buy of Henderson Ford in Webster, N.Y.

The East Syracuse dealership dates again 82 years and features a collision heart and a Chevrolet medium-duty truck franchise. West Herr mentioned it expects the dealership will promote a mixed 3,000 new and used automobiles yearly.

“We plan to hopefully develop our footprint by buying extra shops within the Syracuse market,” West Herr CEO Scott Bieler mentioned in a press release.

The group has bought 4 dealerships this yr. In late August, West Herr purchased a Subaru dealership in Brockport, N.Y., and in April, it bought Vanderstyne Toyota in Rochester, N.Y.

West Herr ranks No. 22 on Automotive Information‘ most up-to-date high 150 dealership teams listing, with retail gross sales of 29,085 new automobiles in 2020.

Fowler Holding Co., of Norman, Okla., bought a second Colorado dealership in simply over two months, shopping for i25 Kia in Longmont.

The mother or father firm of Fowler Automotive Group purchased the shop, its first Kia dealership, Dec. 8 from Phil Marzolf, Scott Ehrlich and Ron Volk, mentioned Fowler President Jonathan Fowler.

The dealership, which sits alongside Interstate 25, was renamed Fowler Kia of Longmont.
In October, Fowler Holding purchased Pollard Jeep of Boulder, a standalone Jeep dealership, from Doug Pollard of Pollard Pleasant Motor Co.

In June, Ehrlich and different homeowners offered three Colorado dealerships to McDonald Automotive Group.

The Kia dealership marks the tenth retailer for the Fowler group and its fourth in Colorado.
Jonathan Fowler advised Automotive Information in an e-mail that the shop was a “nice match for us.”

“This retailer represents our popping out get together within the state of Colorado” and the north Denver metro market, he mentioned.
Hugh Morris of Seller Assist Community represented Fowler within the transaction.

Citadel Automotive Group purchased its first Volkswagen dealership and bolstered its presence within the Chicago suburbs when it acquired Fox Valley Volkswagen Schaumburg on Dec. 7, Andrew Dorgan, the group’s director of company improvement, mentioned in an e-mail.

Citadel Automotive, of Oakbrook Terrace, In poor health., purchased the dealership from Emir Abinion. The shop was renamed Citadel Volkswagen of Schaumburg.

“The acquisition of Fox Valley Volkswagen of Schaumburg will additional diversify our group’s total portfolio and add to our geographic attain within the Midwest market,” Citadel Automotive CEO Joe Citadel mentioned in a press release. “This new acquisition will improve our group’s annual gross sales income by $60 million and, most significantly, present over 100 new job alternatives inside our firm and the native Schaumburg group.”

Citadel Automotive now has 9 dealerships throughout suburban Chicago and northwest Indiana.

In August, the group purchased a Chrysler-Dodge-Jeep-Ram retailer and a Buick dealership in Chesterton, Ind.

Bayway Auto Group, of Houston, purchased a Cadillac retailer from Group 1 Automotive Inc. final month, for its second dealership promoting the posh model.

Bayway Auto on Nov. 1 bought Sterling McCall Cadillac in Houston and renamed it Bayway Cadillac Southwest.

Bayway Auto proprietor Darryl Wischnewsky mentioned he purchased the Cadillac retailer from Group 1 and moved it right into a former Jaguar-Land Rover facility that he bought, situated proper subsequent to the property.

“It was sort of like a three-party transaction,” Wischnewsky advised Automotive Information.

The shops are situated in an space that has little house to construct a brand new dealership, Wischnewsky mentioned.

“You just about have to purchase anyone’s enterprise out and do a tear-down and construct, and that wasn’t actually possible,” he mentioned. “Jaguar had moved to a brand new facility, despite the fact that this [one] was in wonderful form.”

Wischnewsky and Bayway Cadillac Southwest Common Supervisor Dimitrios Platsas mentioned the 11-acre, 70,000-square-foot facility shall be renovated to make it Cadillac image-compliant. Building is slated to start out within the spring.

Group 1 confirmed the sale, and a spokesman mentioned it opted to promote the Cadillac retailer to broaden its Buick-GMC dealership on the campus.
Along with the 2 Cadillac shops, Bayway Auto additionally has two Chrysler-Dodge-Jeep-Ram shops, a Chevrolet dealership, a Lincoln retailer and a Volvo retailer, all within the Houston metro space.

Group 1, additionally of Houston, ranks No. 4 on Automotive Information‘ listing of the highest 150 dealership teams primarily based within the U.S., retailing 140,221 new automobiles in 2020.