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Results: 17
Tiptree Insurance to Acquire Smart AutoCare
Sense of Urgency Pervades Q3 Dealership Acquisitions
Asbury Acquires Park Place in $1B Deal

Asbury Acquires Park Place in $1B Deal

Asbury Automotive has agreed to acquire the Park Place group of dealerships, adding 17 Texas rooftops and raising Asbury’s highline revenue to approximately 50% of its total.

December 12, 2019

IAS Acquired by iA Financial for $720M

IAS Acquired by iA Financial for $720M

iA Financial Group announced the acquisition of IAS, an F&I products and services provider that counts 4,300 dealers in all 50 U.S. states.

December 6, 2019

UDS Acquires Dealer Marketing Link
FCA, PSA Reach Tentative Merger Deal

FCA, PSA Reach Tentative Merger Deal

Fiat Chrysler and PSA Group have agreed to join forces to create the world’s No. 4 automaker in a $48 billion deal designed to save the factories billions in research and development costs.

October 31, 2019

Report: FCA and PSA in Merger Talks

Report: FCA and PSA in Merger Talks

Bloomberg reports Fiat Chrysler and PSA Group, which includes the Peugeot, Opel, and Citroen brands, could announce a merger as soon as this week, a deal that would form a General Motors-sized factory.

October 30, 2019

World’s First Carbon-Neutral Dealership Changes Hands

World’s First Carbon-Neutral Dealership Changes Hands

Motorcars Honda of Cleveland Heights has been purchased and renamed by the nine-store Foundation Automotive group. The Ohio store was recognized by BP as the world’s first carbon-neutral auto dealership in 2016.

September 18, 2019

Used-Vehicle Volumes Up 4.1% Among Privately Owned Dealers
Pace of Dealership Acquisitions Slows in Q2

Pace of Dealership Acquisitions Slows in Q2

Kerrigan Advisors’ latest Blue Sky buy/sell report counts 49 transactions in the second quarter, a slight decline from Q1 but enough to maintain a 200-plus-transaction pace for 2019.

September 11, 2019

AAGI Acquired by Amynta Group

AAGI Acquired by Amynta Group

American Auto Guardian Inc. has been acquired by Amynta Group, creating a combined footprint that includes 15,000 dealers and 1,400 agents in the U.S. and Canada.

September 5, 2019

Beverly Hills BMW Sold in Recordbreaking Deal

Beverly Hills BMW Sold in Recordbreaking Deal

The four-acre, 93,000-square-foot Beverly Hills BMW has been sold for $70 million, an amount billed as the highest ever paid to acquire a Los Angeles auto dealership.

August 21, 2019

Portfolio Acquired by Abry Partners

Portfolio Acquired by Abry Partners

Private equity firm Abry Partners has agreed to acquire F&I products and reinsurance programs provider Portfolio from Capital Z Partners.

August 20, 2019

Kerrigan: Dealership Buy/Sell Activity Up 38% in Q1

Kerrigan: Dealership Buy/Sell Activity Up 38% in Q1

Despite headwinds threatening dealership profitability, Kerrigan Advisors’ first-quarter report indicates 2019 is trending toward another 200-plus transaction year for the auto retail buy/sell market.

June 7, 2019

FCA Blames French State for Failed Renault Merger

FCA Blames French State for Failed Renault Merger

Fiat Chrysler has backed out of a proposed merger with Renault, blaming ‘political conditions’ in France, whose government owns a 15% share of Renault. A week ago, the companies were poised to form the world’s third-largest automaker.

June 6, 2019