Three dealership teams expanded with second- and third-quarter acquisitions, whereas a brand new group purchased a pair of dealerships in May.
Take a have a look at offers involving luxurious, residence and import manufacturers in Missouri, Arkansas, Texas and Vermont.
Semersky enters Missouri, provides third Audi retailer
Semersky Enterprises Inc. expanded its portfolio and entered a brand new state with the acquisition of Audi dealerships.
Semersky Enterprises of Highland Park, Ill., bought an Audi Kirkwood in Missouri on Monday from Brickle Cos’ Leadcar dealership group. Kirkwood is west of St. Louis. The identify of the dealership will stay.
“We are excited to add Audi Kirkwood to the Semersky family of Audi dealerships and to bring our passion for Audi to another great city in the Midwest, where we have been the leading Audi dealer for more than 45 years,” mentioned Ernie, CEO of Semersky Enterprises. Semersky, mentioned in a statement,
According to Haig Partners, Semersky Enterprises already has two Audi dealerships, a Porsche dealership and a Chevrolet retailer in suburban Chicago, Illinois. Fort. a buying and selling agency in Lauderdale, Fla., which represented the customer within the transaction. Kevin Neal was the dealer.
Brickle Cos., by its Leadcar Group, now has six shops in Wisconsin, Minnesota and New York, in response to its web site. In November, I.T. Bought a Honda Store in New York In October, Group from Lithia Motors Inc. Bought two General Motors stores In New York, additionally from Lithia.
Tony Carbone of DCG Acquisitions, a Dave Cantin Group firm, represents the vendor within the Audi Kirkwood transaction.
New group buys Terry-Thomas Automotive Arkansas dealership
The newly shaped Terry-Thomas Automotive Group acquired its first dealership in Arkansas on May 24 from Canon Motor Company with the acquisition of Canon Nissan of Blythville and Canon Ford of Blythville, which has moved out of state.
The dealership, simply south of the Missouri border, was renamed Terry-Thomas Nissan in Blytheville to Terry-Thomas Ford in Blytheville.
Friends Mike Terry and Tony Thomas are the homeowners of Terry-Thomas Automotive Group in Dallas. They are the homeowners of Mike Terry Auto Group and Tony T Automotive Group respectively.
In addition to the co-owned Blytheville dealership, Terry’s has three Texas dealerships: a Stelantis retailer in Hillsboro and a GM retailer in Mexia and Alice, whereas Thomas has a Stelantis dealership in Orangeburg, SC. which he bought last year,
Both males are from Texas, Thomas mentioned. He grew up within the border city of Texarkana, which is about 5 hours from the Blythville shops. Terry and Thomas thought the Arkansas spot was location, particularly due to its proximity to the Tennessee and Missouri borders.
“We thought they were two great stores with two great brands,” explains Thomas Automotive News, He mentioned that he and Terry would have managers on the bottom to run every dealership and they might are available particular person on a flip. Thomas estimated that about 85 % of the unique workers stayed on the two dealerships.
Canon Motor of Oxford, Miss. opted to promote the Arkansas properties to reorganize the group, mentioned John Chisholm, vp of Canada-based sales-for-sales agency Dealer Solutions Mergers & Acquisitions, which has its US headquarters in Stuart, Fla. He represented Terry-Thomas within the acquisition. Greg Arion of Greg Arion Consulting represented the vendor.
Even in May Canon Motor buys a trio of dealerships From Estabrook Motor Company in Mississippi. It has 18 franchise dealerships in that state.
Alpha One Automotive Buys Another Texas Dealership
Alpha One Automotive Company and its president have expanded their Texas dealership portfolio by buying a house model retailer.
According to the shop’s Facebook web page, La Grange Ford-Lincoln was owned by Todd Baker, who had retired. The Lincoln franchise was not a part of the June 22 acquisition, mentioned Michael Handwerger, president and vendor principal of Alpha One Automotive.
The La Grange dealership, now named Alfa One Ford, joins Alfa One Chevrolet-Buick in Rockdale, Bought in April 2021, and Alpha One Motors, a luxurious used-vehicle dealership in Round Rock. La Grange is southeast of Austin.
Handwerger mentioned the La Grange dealership enhances his Austin firm.
“It was a really unique opportunity to own a great store,” instructed Handwerger. Automotive News, “We are one to get into the Ford enterprise, and the proximity and placement have been good for us.
“We are going to carry on the great traditions that the family laid before us and will continue to do so,” he mentioned.
Handwerger mentioned his firm will proceed to discover progress alternatives within the area.
Growing DCD Automotive Adds Two Dealerships in Vermont
DCD Automotive Holdings expects to interrupt floor by the primary quarter of 2023 because of its newest acquisition, new services for Ford and Chrysler-Dodge-Jeep-Ram dealerships in St. Albans City, VT, mentioned Chris Dodgesey, CEO of DCD Automotive. he mentioned.
The acquisition of Boken Ford and Boken Chrysler-Dodge-Jeep-Ram from vendor Dan Boken closed on July 1, he mentioned. They have been the one retailer in Boken, Daages mentioned.
Now known as the Nucar Automall of St. Albans, the shops function because the Nucar Ford of St. Albans and the Nucar Chrysler-Dodge-Jeep-Ram of St. Albans. St. Albans is north of Burlington, VT.
Dagese, vendor principal of the shops, mentioned DCD Automotive plans to maneuver the 2 dealerships to an adjoining lot that was acquired as a part of the transaction.
He mentioned current shops can stay open whereas new dealerships are underneath building.
DCD Automotive plans to revamp the present dealerships. Potential makes use of may very well be for collision restore or as services for business vans, Dagesse mentioned. He mentioned that after the development begins, it should in all probability take a 12 months to 18 months to finish the challenge.
The dealership is DCD Automotive’s first retailer in Vermont. The Norwood, Mass., group now has 20 new-car dealerships, in addition to places in Delaware, Massachusetts, Rhode Island and New Hampshire.
Dagesse’s father is Dan Dagesse, chairman and associate of DCD Automotive. Son mentioned that Dan Daages owned a brand new automobile dealership and a used automobile store in Vermont as a part of the Berlin City Auto Group, which he offered in 2006 earlier than beginning DCD Automotive.
“We knew Vermont was a great state. We used to sell cars in that area and in upstate New York,” mentioned Chris Dageys. “It’s a market we know. We really like the Maine-New Hampshire-Vermont area. We like New England. It’s a great truck country.”
in June, DCD Automotive acquires Volkswagen Norwood From Group 1 Automotive Inc. in Massachusetts. That dealership was renamed Nukar Volkswagen in Norwood.