Simply three days after closing on Sellers-Sexton Ford, the group purchased its first Illinois dealerships.
On Dec. 9, Ed Morse Automotive acquired Weir Chevrolet-Buick-GMC and Weir Ford, each in Crimson Bud, and Weir Chrysler-Dodge-Jeep-Ram in New Athens, from retiring vendor Norman Roy, Morse mentioned.
The shops have been renamed Ed Morse Chevrolet-Buick-GMC, Ed Morse Ford and Ed Morse Chrysler-Dodge-Jeep-Ram. The transaction additionally included Weir Elements Middle, additionally in Crimson Bud, which was renamed Ed Morse Elements Middle. Crimson Bud and New Athens are southeast of St. Louis.
Jennifer Rafael of Vendor Options Mergers and Acquisitions, a buy-sell agency based mostly in Markham, Ontario, and with a U.S. workplace in Jupiter, Fla., represented Roy within the transaction.
Ed Morse now has 27 places in Florida, Illinois, Oklahoma, Missouri and Texas. In July, the group purchased two dealerships in Texas.
Ed Morse Automotive ranks No. 60 on Automotive Information‘ record of the highest 150 dealership teams based mostly within the U.S., retailing 14,169 new autos in 2020. Ed Morse, Teddy’s grandfather, began the enterprise in 1946.