DCG Acquisitions, a Dave Cantin Group (DCG) company, announced the successful completion of an acquisition uniting two automotive group juggernauts.
DCG represented both parties, whereby the Gee Automotive Companies—among the top three largest family-owned and operated automotive groups in the Pacific Northwest, acquired Dick’s Auto Group—one of the oldest family-owned and operated automotive groups in western Portland.
“Our relationship with DCG Acquisitions has truly exceeded our expectations for a Mergers & Acquisitions firm,” said Ryan Gee CEO Gee Automotive Companies. “This is our first closed deal with DCG Acquisitions but I am confident that there will be many more over the years to come. We look forward to working with George Pero and his team at DCG on future deals as we continue to grow and expand.”
“This is our second closed deal with DCG Acquisitions in less than 12 months,” said Shannon Inukai-Cuffee, Co-owner Dick’s Auto Group. “Fast forward to today and here we are again with yet another successful transaction because of our relationship with DCG. This time, we asked DCG to find us a suitable buyer and that is exactly what Joe Beaver did. In addition, George Pero spent countless hours providing our family guidance and counsel to a level I never dreamed of. I always felt DCG was with us every step of the way!”
The transaction consisted of Dick's Hillsboro Chevrolet, Dick's Country CDJR, and Dick's Mackenzie Ford. Under the new ownership they will be known as Tonkin Hillsboro Chevrolet, Tonkin CDJR and Tonkin Hillsboro Ford.
“This smart, incredible opportunity quickly seized by Gee Automotive Companies to acquire Dick’s Automotive Group is a perfect example of how the organization is able to continually grow in specific markets while remaining consistent with their investment strategy,” said Dave Cantin, DCG Founder and CEO.
Gee Automotive Companies has more than 40 OEM franchises in 33 locations.