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TAG SEARCH RESULT: Acquisition

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December 14, 2016 - Industry News

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.

Tags: Acquisition, Dealer Group, Gee Automotive Co., Ron Tonkin

December 7, 2016 - Industry News

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.

Tags: Acquisition, Chevrolet, Florida, GM

December 7, 2016 - Industry News

Bonita Springs Mitsubishi Owners Acquire Second Mitsubishi Store in Florida

The owners of Florida's Bonita Springs Mitsubishi have acquired Fort Myers Mitsubishi, the company announced today. With this purchase, owners Jeff Johnson and Bill Doraty hope to replicate the success of their Bonita Springs store, which cracked the Top 25 sales list for Mitsubishi dealerships nationwide.

Tags: Acquisition, Dealership, Florida, Mitsubishi

September 14, 2016 - Industry News

Lithia Motors Acquires Carbone Auto Group

Lithia Motors Inc. has acquired Carbone Auto Group, a New York- and Vermont-based dealer group that generates an estimated $600 million in annual revenue, according to a company announcement. The purchase adds 13 stores to Lithia's portfolio.

Tags: Acquisition, Carbone Auto Group, Dealer Group, Lithia Motors

September 1, 2016 - Industry News

Walser Automotive Group Acquires Wichita Luxury Collection

WLC will add 10 luxury brands, including Acura, Audi, BMW, Jaguar, Land Rover, Lexus, Mercedes-Benz, MINI, Porsche and AMG, to Walser's existing 15 franchises, according to the company.

Tags: Acquisition, Dealer Group, Dealership, Luxury Vehicles

August 18, 2016 - Industry News

Protective to Acquire United States Warranty Corp.

Protective Life Corp. announced last Friday that it has reached an agreement to acquire USWC Holding Company and all its subsidiaries, including United States Warranty Corp., through a stock purchase agreement.

Tags: Acquisition, F&I manager, F&I products, Protective Life Corporation, US Warranty Corp.

July 26, 2016 - Industry News

Cars.com to Acquire DealerRater

Once the acquisition is approved, Cars.com will add the automotive industry’s largest dealer review site to its platform.

Tags: Acquisition, Cars.com, Customer Reviews, Dealerrater

July 20, 2016 - Industry News

Capital Z Acquires Portfolio Group

Capital Z Partners Management announced it has acquired Portfolio Group Inc. from Frontenac Company LLC. The F&I product provider's current management team will retain their current roles and significant ownership.

Tags: Acquisition, Capital Z, F&I, F&I product provider, Frontenac, Portfolio Group

July 12, 2016 - Industry News

Holman Finalizes Acquisition of Kuni Automotive

The deal — which was first announced this past April — adds Kuni Automotive’s West Coast dealerships in Washington, Oregon, California, Colorado and Kansas to Holman Automotive’s existing East Coast operations in New Jersey, Florida and Pennsylvania.

Tags: Acquisition, Dealership Network, Holman Automotive Group, Kuni Automotive Group

April 20, 2016 - Industry News

Former Larry H. Miller Group CEO Acquires California Dealership

Greg Miller, who stepped down as CEO of the Larry H. Miller Group in March 2015, has acquired Bob Baker Toyota in San Diego, Calif. The dealership will be renamed Greg Miller Toyota and will be operated under his new enterprise, Greg Miller Automotive San Diego.

Tags: Acquisition, California, Dealership

April 19, 2016 - Industry News

SouthWest Dealer Services Acquires Two Agencies

SouthWest Dealer Services' acquisition of Chicago-based United Insurance Group and Seattle-based Olympic Dealer Marketing will expand its national reach, increase its employee count to 360, and raise its active dealer customer base to 650 across 16 states.

Tags: Acquisition, Olympic Dealer Marketing, Southwest Dealer Services, United Insurance Group

April 13, 2016 - Industry News

Penske Acquires Canadian Truck Dealer Group

Penske's Premier Truck Group subsidiary has completed its acquisition of Harper Truck Centres' five commercial truck dealerships in Toronto. The acquired stores are expected to generate approximately $130 million in annualized revenue for Penske Automotive.

Tags: Acquisition, Canada, Harper Truck Centres, Penske Automotive Group, Premier Truck Group

April 12, 2016 - Industry News

Holman to Acquire Kuni Automotive

The acquisition, which is expected to be finalized this summer, will create one of the largest privately owned dealer networks in the country. The bi-coastal network will operate 33 dealerships and bring in more than $3 billion in overall annual revenue.

Tags: Acquisition, Dealer Network, Holman Automotive Group, Kuni Automotive Group

February 23, 2016 - Industry News

Reynolds and Reynolds Acquires ReverseRisk

Reynolds and Reynolds Co. has acquired ReverseRisk, which offers a web-based analytics reporting platform. The system can be used regardless of the DMS a dealership employs and will become part of the Reynolds Retail Management System portfolio of solutions.

Tags: Acquisition, Dealer Software, ReverseRisk, Reynolds & Reynolds

January 7, 2016 - Industry News

Cox Automotive Canada Acquires Manheim Source Edmonton

Cox Automotive Canada, through its Manheim Canada operation, has acquired complete ownership of Manheim Source Edmonton. The auction will now operate as Manheim Edmonton.

Tags: Acquisition, Canada, Cox Automotive, Manheim

December 29, 2015 - Industry News

IHS Acquires Canadian Provider of Vehicle History Reports

IHS Inc., the company that purchased CARFAX in 2013, has purchased CARPROOF Corp. for approximately $460 million. The Canadian company is a provider of vehicle history reports, vehicle appraisals and valuations.

Tags: Acquisition, Carfax, CARPROOF, IHS Automotive, Vehicle History Reports

December 1, 2015 - Industry News

AutoAlert Acquires MotoFuze

AutoAlert, a data mining and trade-cycle management platform, has acquired MotoFuze LLC, a customer experience management (CEM) platform.

Tags: Acquisition, AutoAlert, Customer Experience, Dealer Software, MotoFuze

September 29, 2015 - Industry News

AmTrust Completes Acquisition of Warranty Solutions

AmTrust Financial Services has announced the completion of its acquisition of Warranty Solutions from Wells Fargo for approximately $158 million in cash.

Tags: Acquisition, AmTrust, Wells Fargo

September 23, 2015 - Industry News

AutoVIN Assembles Leadership Team for Expanded Operations

AutoVIN, a subsidiary of ADESA, has assembled a seasoned leadership team for the company’s expanded operations in Canada and the United States.

Tags: Acquisition, ADESA, AutoVIN, DataScan, DataScan Field Services, Hiring

August 20, 2015 - Industry News

DealerSocket to Acquire Dealertrack’s Inventory Solution

DealerSocket and Dealertrack have entered into a definitive agreement under which DealerSocket will acquire Dealertrack’s Inventory+ business for approximately $55 million in an all-cash transaction.

Tags: Acquisition, Cox Automotive, DealerSocket, Dealertrack, Inventory Management

August 18, 2015 - Industry News

AutoNation Acquires 16 Stores

AutoNation has signed agreements to acquire 13 stores in Georgia, Alabama and Tennessee, and three stores in the Baltimore, Md., market, bringing its total franchise count to 327.

Tags: Acquisition, AutoNation, Franchised Dealerships, Mike Jackson

July 2, 2015 - Industry News

J.D. Power Completes Acquisition of NADA Used Car Guide

On Wednesday, J.D. Power completed its acquisition of NADA Used Car Guide. As part of the agreement, J.D. Power will continue to provide NADA members with a complimentary subscription.

Tags: Acquisition, J.D. Power, J.D. Power and Associates, NADA, NADA Used Car Guide, National Automobile Dealers Association

June 16, 2015 - Industry News

Cox Automotive to Buy Dealertrack for $4 Billion

The software giants are currently forming an integration team to determine how the combined companies will be organized once the deal closes in the third quarter. A company official said Cox had identified Dealertrack as an acquisition target last year.

Tags: Acquisition, Cox Automotive, Dale Pollak, Dealertrack, Mark O'Neil, merger and acquisition, Sandy Schwartz, vAuto

June 8, 2015 - Industry News

Holman Group Acquires Audi Willow Grove

Holman Automotive Group has acquired Audi Willow Grove in Willow Grove, Pa. The outlet becomes the second Audi dealership under the Holman brand.

Tags: Acquisition, Audi, dealers

May 28, 2015 - Industry News

J.D. Power to Acquire NADA Used Car Guide

J.D. Power and the NADA have announced an agreement under which J.D. Power will acquire NADA’s Used Car Guide business. The deal is expected to close early in 2015’s third quarter.

Tags: Acquisition, J.D. Power and Associates, NADA, NADA Used Car Guide, National Automobile Dealers Association

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