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Prime recordsdata protest in opposition to Subaru of New England in N.H. over denial of Group 1 acquisition

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“We simply do not perceive why Subaru of New England would not readily approve the transaction,” stated DeLongchamps, Group 1’s senior vp of producer relations, monetary companies and public affairs.

Prime Automotive continues to function the Subaru dealership.

The Prime group offered its second-to-last dealership this month: a Toyota retailer in Lancaster, Mass., in a deliberate deal beforehand reported by Automotive Information.

DeLongchamps beforehand instructed Automotive Information that Group 1 got here to an settlement with Toyota to take away one in all two Toyota dealerships initially in its Prime acquisition as a result of it might have had too many shops in a single geographic area with the model.

On Dec. 7, vendor Kurt Koch purchased Prime Toyota Route 2, Prime confirmed to Automotive Information. The shop was renamed Koch Rt 2 Toyota.

Group 1 of Houston ranks No. 4 on Automotive Information‘ checklist of the highest 150 dealership teams based mostly within the U.S., retailing 140,221 new autos in 2020.

Jefferies brokered the Koch-Prime transaction.

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