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Acquisition

Several Auto Retailers Announce Expansions

Sonic Automotive, Group 1 Automotive, the Lou Fusz Automotive Network, Barnes Crossing Auto Group, and Ed Morse Automotive Group all expanded their businesses recently.

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Acquisitions Continue for Two Automotive Groups

West Herr Automotive Group purchased a Mazda dealership this month while Gee Automotive Cos. purchased another Subaru dealership

LMP Automotive Holdings Sues Two Dealerships for Acquisition Deposits

LMP Automotive Holdings Inc. sues dealership owners in New York and Texas for a combined $3 million in deposits it made to acquire their stores.

Lithia Motors Reports 55% Increase in Q4 Net Income

The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.

DCG Acquisitions Completes Major Acquisition, Uniting Two Automotive Group Dynasties

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.

Generational Equity Advises Papa's Dodge in Its Sale to Dobbs Equity Partners

Located in New Britain, Connecticut, Papa’s Dodge is a leading new and used automotive dealership in Connecticut representing leading brands.

RDS Automotive Group Acquires Algar Ferrari of Philadelphia

Founded in 1964, Algar Ferrari—which will be renamed Ferrari Philadelphia—is Pennsylvania’s exclusive Ferrari dealership and the first Ferrari dealership operated by RDS Automotive Group.

Digital Air Strike Acquires Online Vehicle Marketplace

The acquisition marks the sixth M&A transaction for the company and the first consumer-facing asset owned by Digital Air Strike as it continues to expand its online car-buying experience.

Ron Tonkin Dealerships Sold to Gee Automotive

With the two groups selling a combined 38,771 vehicles in 2015, the acquisition creates one of the nation’s Top 50 dealer groups and the one of the largest dealer groups on the West Coast. The Tonkin name will remain on all of the group's 21 dealerships, and the brand will continue to grow and expand in the Portland area, officials said.

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Bomnin Chevrolet Acquires Grand Prize Chevrolet

After two years of negotiation, Bomnin Chevrolet has acquired Grand Prize Chevrolet. The acquisition of the West Kendall, Fla.-based dealership expands Bomnin Chevrolet’s footprint in the Miami area, allowing the operation to offer service to customers in more than one location.

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