Holman Finalizes Acquisition of Leith Automotive
Biggest retail transaction in group's 100-year history nearly doubles its retail business.
Centennial-year purchase puts Holman at nearly 60 dealerships.
IMAGE: Holman
Holman, an automotive services provider, acquired North Carolina-based Leith Automotive Group, nearly doubling its automotive retail business.
After the transaction, Holman said it has 58 dealerships, 34 brands and nearly 4,500 retail automotive employees in nine states. It's the largest retail acquisition in its 100-year history.
The expansion includes 13 new franchises and its first auction center. All Leith facilities are in the greater Raleigh area and Aberdeen, N.C.
“In our centennial year, we’re excited about the opportunities to strengthen and grow our automotive retail footprint that began in 1924 with a single dealership. This acquisition represents the culmination of extensive strategy, hard work and vision to put our employee partners and our business in a position to win for the next 100 years,” said Holman CEO Chris Conroy.
Both family-owned organizations have a legacy of success and growth built on longstanding core values, Holman said. Together, it said they remain committed to doing the right thing for employees, customers and the community. The deal preserves the Leith brand and team.
“Like Holman, Leith has placed the highest priority on delivering excellent customer service by building a strong network of employee partners,” Holman President of Automotive Retail Gene Welsh said. “We are thrilled to welcome Leith’s 1,900 employees to the Holman family.”
Holman ranks as one of America’s largest privately-owned dealership networks. The certified, female-owned broader Holman business delivers a unique range of automotive-centric services to commercial and consumer customers around the globe.
Originally posted on Auto Dealer Today
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