Two teams expanded with fourth-quarter and first-quarter dealership acquisitions, whereas a father-and-son duo purchased a single retailer within the fourth quarter.
This is a have a look at the offers involving home and import manufacturers and dealerships in Florida, Texas and Massachusetts.
Butler Automotive Group of Macon, Ga., purchased a Toyota dealership in Jacksonville, Fla., in late 2021, because the group expanded to northern Florida.
The group purchased Ernie Palmer Toyota on Dec. 6 from vendor Ernie Palmer Inc., stated Nicole Beck, Butler Automotive’s advertising director.
“We’re excited so as to add one other Toyota dealership and broaden into the north Florida market,” Marsh Butler Jr., co-president of Butler Automotive, stated in an announcement. “We sit up for integrating into the Jacksonville group and exhibiting our prospects how particular it’s to do enterprise with a family-owned and operated dealership.”
The shop was renamed Butler Toyota Jacksonville and the corporate stated it retained the dealership’s 97 workers.
Ernie Palmer Inc. was led by president Keith Palmer, in response to a Dec. 6 Jacksonville Day by day Report story.
Butler Jax Acquisition LLC paid $13.49 million for the dealership’s property, in response to a Dec. 10 Jacksonville Day by day Report story.
The Palmer household additionally has dealerships in Cell, Ala.: Palmer’s Toyota Superstore and Palmer’s Airport Hyundai, in response to the newspaper.
Butler Automotive, which is also led by Co-President Morris Butler, additionally has dealerships in Georgia and South Carolina, in response to its web site.
Gilchrist Automotive of Hudson Oaks, Texas, this month added two domestic-branded dealerships in Gatesville, Texas, within the central a part of the state.
Gilchrist on Feb. 17 purchased Stanley Chevrolet-Buick-GMC and Stanley Chrysler-Dodge-Jeep-Ram Gatesville from Stanley Auto Group, Stephen Gilchrist, the corporate’s supplier operator stated.
The dealerships had been renamed Spur Chevrolet-Buick-GMC and Spur Chrysler-Dodge-Jeep-Ram. Gatesville, which is west of Waco, is named the Spur Capital of Texas.
The acquisitions observe Gilchrist’s August buy of Texstar Ford-Lincoln in Stephenville, Texas, and its January 2021 buy of a Chevrolet retailer and Chrysler-Dodge-Jeep-Ram dealership in Ennis, Texas.
Gilchrist has 13 franchised dealership rooftops, in response to its web site. It ranks No. 108 on Automotive Information‘ most up-to-date listing of the highest 150 dealership teams based mostly within the U.S., retailing 8,530 new autos in 2020.
Hicks Administration & Consulting Group Inc., of Arlington, Texas, dealt with the transaction.
Mark Rountree and companion and father Bob Rountree acquired a Hyundai dealership in Massachusetts, marking their return to New England dealership possession.
The Rountrees purchased Hyundai of Plymouth on Oct. 26 from Charles Tufankjian and are returning to the world the place Mark Rountree, supplier principal, grew up.
Mark Rountree advised Automotive Information {that a} minor renovation is almost achieved on the retailer and he plans to construct a brand new facility for the dealership in two years.
The Tufankjian household nonetheless owns Toyota of Braintree and Tufankjian Honda of Plymouth in Massachusetts, Rountree stated.
The Rountree household owned a number of dealerships in Vermont and New Hampshire from 1994 till 2017, Rountree stated.
Rountree stated that in January 2020, he purchased a small Chevrolet dealership in Creedmoor, N.C. However when he could not transfer the dealership, he stated he opted to promote it in November 2020 to Kristin Dillard of Staff Auto Group.
Rountree stated he labored with dealer Gordon Wisbach Jr. of GW Advertising Companies in Newton Centre, Mass., on the Hyundai dealership deal.
“It is a homecoming for us,” Rountree stated. “I think about myself from the world, in order that was a serious attraction.”