LOUISVILLE, Ky. — An automotive group led by David L. Peterson, owner of Tafel Motors, has acquired Mercedes-Benz of Cincinnati and Mercedes-Benz of West Chester (Ohio). Although the terms of purchase have not been announced, the new management team began full operation of both locations on Monday.
The purchasing group also includes Steve Zubieta, previous owner of Mercedes-Benz of Encino (Calif), and Peter Boesen, previous owner of South Bay BMW and South Bay MINI in Torrance, Calif.
“An important factor that impacted our decision to purchase the stores is the people that are already in place,” Zubieta said. “There are a lot of great people at both locations and our plan is to create additional job opportunities in the months to come.”
Both of the newly-acquired locations will retain their current names after the terms of purchase are announced.
The purchasing group noted in its press release plans to acquire additional luxury brand dealerships in various markets throughout the United States.
“We are committed to creating exceptional growth at both dealerships, providing advancement and employment opportunities, as well as contributing and participating in the community as a great corporate citizen,” Peterson said.