The Maguire Household of Dealerships of Ithaca, N.Y., expanded into the better Buffalo, N.Y., market with its Oct. 26 buy of three dealerships in Grand Island, N.Y., from Billy Fuccillo Jr. of Fuccillo Automotive Group, McGuire President Phil Maguire confirmed to Automotive Information.
Previously often known as Fuccillo Chevrolet of Grand Island, Fuccillo Toyota of Grand Island and Fuccillo Hyundai of Grand Island, the shops all sit inside 100 acres of one another off a freeway, Maguire stated.
“It is a terrific alternative and the surroundings may be very stunning on Grand Island,” Maguire stated.
Grand Island, surrounded by the Niagara River that flows between Lake Erie and Lake Ontario, is north of Buffalo and south of Niagara Falls.
The shops have been renamed Maguire Chevrolet of Grand Island, Maguire Toyota of Grand Island and Maguire Hyundai of Grand Island.
These are the most recent retailer gross sales for Fuccillo Automotive, which at one time had greater than 20 dealerships. Longtime vendor and former CEO of Fuccillo Automotive Billy Fuccillo Sr. died in June 2021 at 65.
Most Fuccillo dealerships have been offered over the previous two years. Maguire stated he thinks Billy Fuccillo Jr. is retaining one dealership. Fuccillo Jr. didn’t return messages requesting remark, however the Fuccillo title stays on a Subaru-Hyundai dealership in Watertown, N.Y.
In Might, Wally Darwish purchased 10 franchised dealerships in New York from Fuccillo Jr. and the Fuccillo group on Might 27 offered a Kia dealership and a Hyundai dealership, each in Schenectady, N.Y., to Matthews Auto Group. In January 2021, Fuccillo offered 5 dealerships to Matthews Auto.
The Fuccillo group additionally offered no less than 4 different shops in 2021 and 2022, to LMP Automotive Holdings Inc. and Morgan Automotive Group.
Maguire, whose group has dealerships throughout upstate New York, stated when he first acquired began within the enterprise he labored close to Grand Island in Lockport, N.Y., and all the time admired the realm.
“When the shops turned accessible, I used to be already conversant in them,” Maguire stated. “They simply symbolize a terrific alternative within the market. It is a very massive market and the island has very shut proximity to the main metro of downtown Buffalo and Niagara Falls.”
Bob Morris, director of the Southeast area for buy-sell agency Tim Lamb Group of Columbus, Ohio, represented the vendor within the Maguire-Fuccillo transaction.