Automotive News Updates

Three dealership teams increase with December acquisitions

  • Share


Hudson Automotive grows in South Carolina

Increasing Hudson Automotive Group purchased its third Toyota dealership in 2021 when it acquired Dave Edwards Toyota in Spartanburg, S.C., on Dec. 13.

Hudson Automotive purchased the dealership from Dave Edwards, Hudson Automotive CEO David Hudson stated in an e mail. Edwards retired, in line with a video message posted on the dealership’s Fb web page.

The shop was renamed Spartanburg Toyota.

The Spartanburg acquisition is the most recent deal for Hudson Automotive of Charleston, S.C.

This month, the group purchased its first Mercedes-Benz dealerships when it acquired Mercedes-Benz of Cincinnati and Mercedes-Benz of West Chester, each in Ohio.

In November, Hudson Automotive purchased Dick Dyer Toyota in Columbia, S.C. In June, the group acquired Hoover Toyota in Alabama. On the finish of August, it offered Murfreesboro Volkswagen in Tennessee to Victory Automotive Group.

Spartanburg Toyota is Hudson Automotive’s thirty sixth rooftop, Hudson stated.

The Presidio Group, an funding banking and advisory agency primarily based in Denver and Atlanta, represented Hudson within the transaction.

Bennett Automotive grows

Bennett Automotive Group has expanded its footprint in Lebanon, Penn., with the acquisition of three dealerships.

Bennett Automotive, of Allentown, Pa., on Dec. 8 purchased Ebersole Auto from the Ebersole household. The group consisted of Ebersole Buick-GMC, Ebersole Honda and Ebersole Hyundai, all in Lebanon. The deal additionally included a used-only retailer and a collision heart.

It marks Bennett Automotive’s first acquisition because it purchased a Toyota retailer in Lebanon in 2018, stated Chris Zerfass, co-owner of the group.

“We have been on this market since March of 2018 and actually, actually did effectively,” he stated. “[We] just like the market very a lot. We constructed a brand new Toyota retailer and moved in final November.”

Lebanon is about 65 miles west of Allentown in central Pennsylvania.

The dealerships had been renamed Bennett Buick-GMC of Lebanon, Bennett Honda of Lebanon and Bennett Hyundai of Lebanon. Every model is new to the group, Zerfass stated, including that every dealership might be renovated to fulfill producers’ picture compliance.

Bennett Automotive, led by proprietor Rob Bennett, additionally sells Jaguar, Land Rover, Infiniti and Maserati autos.

Ebersole Auto was based in 1920 and was on its fourth-generation of household possession, Zerfass famous.

Rob Lee of the Tim Lamb Group represented the Ebersole household within the transaction.


Supply hyperlink

  • Share

Leave a Reply

Your email address will not be published.