Quick-growing Anderson Automotive Group accomplished its second multi-dealership acquisition in South Carolina this 12 months with a seven-store buy Monday.

Anderson Automotive, of Raleigh, N.C., purchased Toyota of Greer, Hyundai of Greer, Genesis of Greer, Nissan of Greer, Kia of Greer, Kia of Greenville and Mike Hovart Chevrolet in Easley, from Mark Escude, president of MCE Automotive Inc., in keeping with Michael Anderson, the group’s CEO. Escude nonetheless owns one dealership, Terry Lambert Hyundai in North Augusta, S.C.

The shops had been renamed Fred Anderson Toyota of Greer, Fred Anderson Hyundai of Greer, Fred Anderson Nissan of Greer, Fred Anderson Kia of Greer, Fred Anderson Kia of Greenville and Fred Anderson Chevrolet of Easley. The Genesis retailer’s identify stays. Fred Anderson, Michael’s father, is the group’s chairman.

Hyundai and Genesis are new manufacturers for the group, Anderson, a 2017 Automotive Information 40 Beneath 40 honoree, famous. Genesis of Greer was one of many luxurious automaker’s first standalone dealerships, having opened final 12 months.

Greenville, Greer and Easley are west of Spartanburg and are a part of South Carolina’s upstate area.

“It was simply a possibility for us to principally double down available in the market and have an even bigger presence,” Michael Anderson advised Automotive Information.

In a January acquisition, Anderson Automotive purchased 4 dealerships in Greenville and one in Greer.

Anderson Automotive has since offered two of these dealerships, Michael Anderson stated. The group on July 24 offered Fred Anderson Mazda in Greenville and Fred Anderson Infiniti of Greenville to Mills Automotive Group, he stated.

These dealerships had been renamed Mazda of Greenville and Infiniti of Greenville, in keeping with Mills Automotive’s web site. Mills Automotive has been an energetic purchaser in 2023 with dealership purchases additionally in Virginia, Louisiana and North Carolina.

“After all of the places and takes, the buys and sells, we’re gonna find yourself with 10 shops on this one market,” Anderson stated of upstate South Carolina.

Anderson Automotive ranks No. 71 on Automotive Information‘ record of the highest 150 dealership teams based mostly within the U.S., retailing 12,647 new automobiles in 2022.

Kerrigan Advisors, a sell-side agency in Incline Village, Nev., represented Escude within the August transaction, Anderson stated.