Jim Butler Auto Group, Faulkner Automotive Group, Horne Auto Group and Coughlin Automotive Group every expanded their dealership portfolios with acquisitions in both late within the fourth quarter of 2021 or early in January 2022.
Here is a take a look at the offers involving domestic-, import- and luxury-brand dealerships.
Missouri progress
Jim Butler Auto Group expanded its attain in Missouri with the acquisition of a Ford-Chrysler-Dodge-Jeep-Ram dealership.
Jim Butler Auto, by means of a subsidiary, purchased Auffenberg Motor Co. of Mexico, Mo., on Thursday from Chris Auffenberg.
It marks the primary Ford and second Chrysler-Dodge-Jeep-Ram dealership for Jim Butler Auto of Fenton, Mo., a St. Louis suburb.
Jim Butler Auto just isn’t maintaining the dealership in its present location, nevertheless.
The group moved the franchises right into a single momentary facility subsequent to Jim Butler Centralia Chevrolet in Centralia, Mo., round a 20-minute drive west of Mexico.
Jim Butler Auto President Brad Sowers stated the group acquired that Chevrolet dealership in February and purchased 12 acres surrounding the shop.
The group plans to speculate about $3 million to construct a Ford dealership, a Chrysler-Dodge-Jeep-Ram dealership and an expanded service facility on that land. The dealerships can be named Jim Butler Centralia Ford and Jim Butler Centralia Chrysler-Dodge-Jeep-Ram.
The group is aiming to finish the development challenge in 2024.
Don Day, a co-owner of subsidiary Linn Powerhouse Holdings, which purchased the Ford-Chrysler-Dodge-Jeep-Ram retailer, additionally has an possession stake in different shops. These embody Jim Butler Centralia Chevrolet, Jim Butler Chevrolet Linn and Jim Butler Chrysler-Dodge-Jeep-Ram Linn, each in Linn, Mo., Sowers stated.
“We have been very profitable with CDJR within the Linn location and we needed to develop our presence with Stellantis,” Sowers advised Automotive Information. “We benefit from the relationship and it has been very profitable for us. We should not have a Ford franchise, so it is the primary alternative for us to develop there.”
Along with the 2 upcoming dealerships, Jim Butler Auto has seven different rooftops, plus a used-only dealership, all in Missouri.
Sowers, a previous co-chair of the Chevrolet Seller Council, presently is a member of Maserati’s supplier council board and president of the St. Louis Auto Sellers Affiliation, he stated.
Sowers is without doubt one of the 47 sellers nominated for the 2022 Time Seller of the Yr award.
Faulkner Automotive provides two shops in Pa.
Faulkner Automotive Group final month added its first Mercedes-Benz dealership and second Honda retailer in an acquisition in Doylestown, Pa.
The Trevose, Pa., group on Dec. 15 purchased Keenan Honda and Keenan Motors, a Mercedes-Benz dealership, and a collision middle from the property of the late supplier Jim Peruto, stated Harry Faulkner, president of Faulkner Automotive.
Peruto, a Guinness World File holder for reaching the very best velocity on a public freeway, died Sept. 29 at age 68, based on an obituary in The Philadelphia Inquirer.
“We had reached an settlement of sale previous to Jim’s passing,” Harry Faulkner advised Automotive Information.
Faulkner stated Peruto was near the Faulkner household for years and the events started speaking a few sale in summer time 2021.
“His firm was a tight-knit, family-run firm and he needed to see one other family-run firm take it over and proceed his legacy and care for his folks and likewise proceed to serve the neighborhood that he was such an enormous a part of,” Faulkner stated.
The dealerships had been renamed Faulkner Honda of Doylestown and Mercedes-Benz of Doylestown. Doylestown is a few half-hour’s drive from Trevose.
The Faulkner group now has 30 dealerships.
“They’re effectively run shops beforehand and we simply hope to proceed to develop [them],” Faulkner stated of the brand new dealerships.
Arizona acquisition
Horne Auto Group acquired its second Nissan dealership when it bought Sonora Nissan in Yuma, Ariz., on the finish of 2021.
Horne Auto purchased the dealership on Dec. 30 from Theodore Hook and Jan Bretschneider, based on Brian Evans, a principal with Ozog Consulting Group.
Evans, together with Joe Ozog, represented the sellers within the transaction. Sonora Nissan was the sellers’ sole dealership, Evans stated.
Horne Auto, based mostly in Gilbert, Ariz., renamed the dealership Horne Nissan Yuma.
Horne Auto has rooftops throughout Arizona, based on its web site.
Coughlin provides Ford dealership in Ohio
Coughlin Automotive Group continued its central Ohio growth final month with the acquisition of Mathews Ford Newark from Tim Mathews and Bob Mathews of Mathews Auto Group.
The Dec. 30 acquisition marks the group’s third Ford dealership. It was renamed Coughlin Ford of Heath and is co-owned by brothers Al Coughlin and Mike Coughlin. The shop is Coughlin Automotive’s 14th franchised dealership, based on the group’s web site.
The dealership in 2015 accomplished a $2 million growth, based on an article within the Newark Advocate, rising the shop’s showroom and repair division.
All of Mathews’ 100 workers had been provided alternatives to stick with the dealership beneath the brand new possession, stated Tim Lamb, president of buy-sell advisory agency Tim Lamb Group of Columbus, Ohio. The agency represented the vendor within the transaction.
Final yr, the Ford retailer bought 646 new automobiles and 1,890 used automobiles, Lamb stated.
Coughlin Automotive, of Pataskala, Ohio, additionally purchased a Kia dealership in October in Lancaster, Ohio.