Three teams and a former dealership common supervisor purchased dealerships in 4 December transactions that span from Alaska to Florida.
Two transactions concerned a bunch on Automotive News’ high 150 dealership teams checklist. This is a have a look at the transactions involving domestic- and import-brand shops.
Swickard Auto Group on Dec. 15 acquired two Normal Motors dealerships in Alaska, bolstering the group’s presence within the Final Frontier state.
Swickard Auto purchased Alaska Gross sales & Service-Anchorage, a Chevrolet-Buick-GMC-Cadillac dealership in Anchorage, and Alaska Gross sales & Service-Valley, a Buick-GMC dealership in Palmer, each from Diana Pfeiffer and Shaun Pfeiffer. That is based on Kerrigan Advisors, a sell-side agency in Irvine, Calif., that represented the Pfeiffers within the sale.
Swickard additionally owns Mercedes-Benz of Anchorage, positioned close by the 2 newly acquired shops. Anchorage, Alaska’s most populous metropolis, is round 40 miles southwest of Palmer.
In accordance with the Nationwide Vehicle Sellers Affiliation, there are simply 27 new-vehicle dealerships in Alaska.
The acquisition is the most recent transaction for Swickard in 2021.
In June, the group purchased a Volvo dealership in Houston from Sonic Automotive Inc. Swickard additionally purchased a Toyota retailer in Edmonds, Wash., that month. In March, Swickard bought a Mercedes-Benz dealership in Atlanta to Jim Ellis Automotive Group.
Swickard Auto additionally has dealerships in California, Oregon and Washington, based on its web site.
Swickard ranks No. 91 on Automotive Information‘ checklist of the highest 150 dealership teams based mostly within the U.S., with retail gross sales of 10,035 new autos in 2020.
After spending the previous 10 years as a dealership common supervisor, Vikas Mehandroo has bought his first dealership: a Ford retailer in Poway, Calif., north of San Diego.
Mehandroo on Dec. 6 purchased Perry Ford of Poway from Perry Automotive Group. The shop was renamed Aaron Ford of Poway, after Mehandroo’s son.
The Perry Automotive Group had owned the dealership since 1996, based on Efficiency Brokerage Companies, a buy-sell agency in Irvine, Calif., that dealt with the transaction.
The Perry group, owned by Perry Falk and Deborah Falk, function a number of different dealerships in Southern California.
Mehandroo stated he got here to the U.S. from India in his 20s.
“I have been within the enterprise for 20-plus years and in February of this yr, I made a decision I wished to be a supplier principal,” he informed Automotive Information, including that he was in search of a domestic-brand retailer.
He stated the Ford dealership in Poway was engaging as a result of it’s a “newer facility” and “in a superb group.”
Mehandroo already has growth plans. He stated he’s slated to purchase a Stellantis dealership in January.
Key Auto Group of Portsmouth, N.H., on Dec. 13 expanded in Florida by shopping for Thomas Chevrolet-Buick in Perry, southeast of Tallahassee.
Anthony DiLorenzo and Key Auto purchased the Chevrolet-Buick retailer from Lewis Thomas, based on Efficiency Brokerage Companies, which dealt with the transaction.
The shop was renamed Key Chevrolet-Buick of Perry, based on Efficiency Brokerage Companies.
A posting on the Thomas Chevrolet-Buick Fb web page thanked prospects and distributors for its practically 50 years in enterprise.
Key Auto has an Acura dealership in Gainesville, Fla., based on its web site.
Key Auto Group additionally has dealerships in New Hampshire, Vermont and Maine, and has been lively in dealership buy-sells this yr. In April, the group purchased a Chrysler-Dodge-Jeep-Ram retailer in Maine and a Chevrolet-Buick-GMC dealership in New Hampshire, whereas in Could it bought a Nissan dealership in New Hampshire.
Gerald Auto Group, a Chicago-area auto retailer, this month acquired its second Honda dealership and eleventh dealership general.
The group on Dec. 6 bought Continental Honda within the Chicago suburb of Countryside, Sick., from Continental Motors Group. The dealership was renamed Gerald Honda of Countryside.
“Honda is a good model that has a popularity for having a powerful relationship with its supplier physique and that is engaging to me,” Gerald Auto Group President Doug Gerald informed Automotive Information. “And it is an ideal model for Chicago.”
The North Aurora, Sick., group’s different Honda dealership is positioned in Matteson, additionally close to Chicago.
Continental Motors, of Hodgkins, Sick., ranks No. 147 on Automotive Information‘ checklist of the highest 150 dealership teams based mostly within the U.S., with retail gross sales of 4,981 new autos in 2020.
Kerrigan Advisors represented Continental Motors Group within the sale, its third time representing the group on a dealership sale since 2019.