Automotive News Updates

Terry Taylor buys AutoFair Automotive Group

  • Share


AutoFair was led by CEO Andy Crews, a member of the Nationwide Vehicle Sellers Affiliation board of administrators and winner of the 2015 Time Vendor of the Yr award. Crews started his automotive profession as a technician in 1986, in line with his biography on NADA’s web site.

AutoFair was based in 1991, in line with its LinkedIn web page.

“I got here to New Hampshire almost 16 years in the past to be a part of the possession group that purchased AutoFair from the inspiration Dan Prior had began,” Andy Crews stated in an announcement on media firm Manchester Ink Hyperlink’s web site. “I’m pleased with what our group has constructed and my years on the helm of AutoFair.”

The New Hampshire Union Chief reported that Crews will depart AutoFair after a transition interval and goes to spend the subsequent 90 days to 6 months “winding down the investor group firm that owns AutoFair.”

Crews informed the newspaper that AMSI additionally purchased AutoFair’s naming rights.

A consultant with AMSI of West Palm Seaside, Fla., didn’t reply to a request in search of remark.

AutoFair ranks No. 131 on Automotive Information‘ listing of the highest 150 dealership teams based mostly within the U.S., retailing 7,022 new autos in 2020.

AutoFair is now the fourth group on Automotive Information‘ high 150 listing to be acquired this 12 months. Its transaction follows the sale of No. 21 Suburban Assortment, the overwhelming majority of No. 18 Prime Automotive Group and No. 42 RFJ Auto Companions Holdings Inc.

Asbury Automotive Group Inc.’s pending deal to purchase Larry H. Miller Dealerships, No. 8 on the listing, is about to shut by year-end.

The AutoFair buy is the newest identified acquisition by Taylor.

Taylor purchased a Chevrolet-Buick-GMC-Cadillac dealership in Lowell, N.C., the Gaston Gazette reported final month. In March, Taylor purchased a Toyota retailer in West Roxbury, Mass., from Prime Automotive Group.

Taylor’s actual dealership possession is not identified. In March 2018, Automotive Information estimated Taylor owned about 120 U.S. dealerships, many within the Southeast.

Alan Haig, president of Haig Companions, a buy-sell agency in Fort Lauderdale, Fla., represented AutoFair within the transaction.


Supply hyperlink

  • Share

Leave a Reply

Your email address will not be published.