Tracked deals
86
86 tracked deals across 2024.
Automotive Buyout Acquisitions in 2024
Buyer mix
Strategic-led
85 strategic · 21 pe
Top trend
Volume peaked in 2025
116 tracked deals announced in 2025.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Clay Cooley Auto Group | 3 | Independent automotive dealer group operating multiple fr... | Strategic |
| Group 1 Automotive, Inc. | 3 | Fortune 250 automotive retailer operating dealerships and... | Strategic |
| Classic Collision, LLC | 2 | National multi-site collision repair operator and owner/o... | Strategic |
| Penske Automotive Group, Inc. | 2 | Diversified international transportation services company... | Strategic |
| Sun Auto Tire & Service | 2 | Leading provider of aftermarket automotive repair, mainte... | Strategic (PE-backed) |
| Victory Automotive Group | 2 | Family-owned multi-dealership automotive retail group ope... | Strategic |
| A111 Capital | 1 | Independent private equity firm focused on lower-middle m... | PE |
| AB Dynamics plc | 1 | Designer, manufacturer and supplier of automotive test an... | Strategic |
| Activate Group | 1 | Senior management team of Activate Group (led by CEO Hann... | Investor |
| America's Car-Mart, Inc. | 1 | Publicly traded automotive retailer operating used-vehicl... | Strategic |
Acquisition Volume in Automotive Buyout in 2024 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 31, 2024
- Buyer
- VT Companies (Larry Van Tuyl)
- Target
- Groove Toyota
- Seller
- Summit Automotive Partners
- Industry
- Automotive
- Location
- Colorado, United States
- Type
- Buyout
Larry Van Tuyl, through VT Companies, has acquired Groove Toyota from Summit Automotive Partners. The acquisition gives Van Tuyl his first dealership presence in Colorado as he expands his multi-state automotive portfolio.
-
December 16, 2024
- Buyer
- Kunes Auto & RV
- Target
- Wisconsin RV World
- Seller
- Christine Eagan, Eagan Family
- Industry
- Automotive
- Location
- Wisconsin, United States
- Type
- Buyout
Kunes Auto & RV has acquired Wisconsin RV World in DeForest, Wisconsin from Christine Eagan and the Eagan family. The family-owned dealership will remain at its current location and become part of Kunes' regional network as the buyer expands its RV retail footprint in Wisconsin.
-
December 16, 2024
- Buyer
- Joe Hudson's Collision Center
- Target
- Cliff's Hi-Tech Body Shop
- Industry
- Automotive
- Location
- Maryland, United States
- Type
- Buyout
Joe Hudson's Collision Center (JHCC) acquired Cliff's Hi-Tech Body Shop in Essex, Maryland, marking JHCC's 250th location. The acquisition is part of JHCC’s ongoing geographic expansion and comes alongside the opening of two new greenfield locations in Georgia.
-
December 13, 2024
- Buyer
- Classic Collision, LLC
- Target
- Collision Centers of Colorado Springs (Franchise), Nob Hill Body Shop, Flowers Extreme Collision
- Seller
- Joe Ambuul (former Collision Centers of Colorado Springs franchise owner), Gary Romano (former Nob Hill Body Shop owner), John Flowers (former Flowers Extreme Collision owner)
- Industry
- Automotive
- Location
- United States
- Type
- Buyout
Classic Collision, a national multi-site collision repair operator based in Atlanta, acquired Collision Centers of Colorado Springs (a franchise), Nob Hill Body Shop (Colorado Springs, CO), and Flowers Extreme Collision (Burke, TX). The acquisitions add three repair locations to Classic Collision's network as the company expands its presence in Colorado and Texas.
-
December 13, 2024
- Buyer
- Les Schwab Tire Centers
- Target
- Four States Tire & Service
- Seller
- Four States Tire & Service (owners / leadership)
- Industry
- Automotive
- Location
- Colorado, United States
- Type
- Buyout
Les Schwab Tire Centers has acquired Four States Tire & Service in a strategic move to expand its regional footprint across Colorado and New Mexico. FOCUS Investment Banking advised Four States Tire & Service on the sale; the deal is intended to broaden Les Schwab’s retail and service presence while preserving the target’s customer- and community-focused operations.
-
December 12, 2024
- Buyer
- Sonic Automotive, Inc.
- Target
- Audi New Orleans
- Seller
- Bohn Brothers Automotive Group
- Industry
- Automotive
- Location
- Louisiana, United States
- Type
- Buyout
Sonic Automotive, Inc. has acquired Audi New Orleans, a franchised Audi dealership located in Metairie, Louisiana, from the Bohn Brothers Automotive Group. The deal marks Sonic's first franchise automotive location in Louisiana, expands its Audi footprint to 10 dealerships and brings its total franchise portfolio to 108 locations nationwide.
-
- Buyer
- Sonic Automotive
- Target
- Motorcycles of Charlotte, Motorcycles of Greensboro
- Seller
- Mark Engel, Gail Engel
- Industry
- Automotive
- Location
- North Carolina, United States
- Type
- Buyout
Sonic Automotive acquired Motorcycles of Charlotte and Motorcycles of Greensboro from Mark and Gail Engel, expanding its Sonic Powersports footprint in the Southeast. Performance Brokerage Services served as sell-side advisor and both dealerships will continue operating at their current locations in North Carolina.
-
December 2, 2024
- Buyer
- WAI Global
- Target
- Pos Service Holland
- Seller
- Nordian Capital Partners
- Industry
- Automotive
- Location
- South Holland, Netherlands
- Type
- Buyout
WAI Global has acquired Pos Service Holland (PSH) from Nordian Capital Partners, expanding WAI's presence and capabilities in Europe. PSH, headquartered in Zoetermeer, Netherlands, supplies high-quality rotating electrical solutions (starters, alternators) across automotive, truck, agricultural, shipping and industrial end markets.
-
December 2, 2024
- Buyer
- Victory Automotive Group
- Target
- Advantage Toyota, Ball Toyota
- Seller
- Shawn Ball, David Ball
- Industry
- Automotive
- Location
- West Virginia, United States
- Type
- Buyout
Victory Automotive Group has acquired Advantage Toyota (now Victory Toyota of Barboursville) and Ball Toyota (now Victory Toyota of Charleston) from Shawn and David Ball. Haig Partners served as exclusive sell-side advisor for the transaction as Victory expands its portfolio to 55 dealerships across 11 states.
-
December 2, 2024
- Buyer
- Penske Automotive Group, Inc.
- Target
- Porsche Centre Melbourne
- Seller
- Porsche Retail Group Australia Pty Ltd
- Industry
- Automotive
- Location
- Victoria, Australia
- Type
- Buyout
Penske Automotive Group, Inc. has completed the acquisition of Porsche Centre Melbourne from Porsche Retail Group Australia Pty Ltd. The purchase adds the dealer as Penske’s third Porsche location in Melbourne (25th worldwide) and is expected to contribute approximately $130 million of annualized revenue, bringing Melbourne Porsche revenue to an estimated $260 million.
-
November 29, 2024
- Buyer
- Hinduja Tech Limited
- Target
- TECOSIM Group
- Industry
- Automotive
- Location
- Hesse, Germany
- Type
- Buyout
Hinduja Tech Limited, a Chennai-based mobility-focused engineering and R&D company (a subsidiary of Ashok Leyland), has completed the acquisition of Germany-headquartered TECOSIM Group. The deal expands Hinduja Tech's footprint in Europe and adds TECOSIM's virtual validation, simulation and body engineering capabilities to its global mobility engineering offering; TECOSIM has over 650 employees across multiple countries.
-
November 27, 2024
- Buyer
- Warren Henry Auto Group
- Target
- Kia of Key West
- Industry
- Automotive
- Location
- Florida, United States
- Type
- Buyout
Warren Henry Auto Group, a privately owned Florida dealership group, has completed the acquisition of Kia of Key West. The dealership will operate as part of the Keys Auto Center family and continue operations at 2826 N Roosevelt Blvd in Key West, Florida, bringing the location into Warren Henry's expanding Florida portfolio.
-
November 26, 2024
- Buyer
- Yelp Inc.
- Target
- RepairPal
- Industry
- Automotive
- Location
- California, United States
- Type
- Buyout
Yelp Inc. has completed its acquisition of RepairPal, an online auto services platform, for approximately $80 million in cash. The deal brings RepairPal’s certified network of U.S. repair shops and related technology into Yelp to expand its local services offerings.
-
November 20, 2024
- Buyer
- Sheehy Auto Stores
- Target
- Bill Kidd's Timonium Toyota, Bill Kidd's Volvo Cars
- Seller
- Families of Charlie and Peter Fenwick, Bill Kidd and Lisa Kidd
- Industry
- Automotive
- Location
- Maryland, United States
- Type
- Buyout
Sheehy Auto Stores has purchased Bill Kidd's Timonium Toyota (Timonium, MD) and Bill Kidd's Volvo Cars (Hunt Valley, MD) from the families of Charlie and Peter Fenwick and Bill Kidd (with Lisa Kidd). The acquisition expands Sheehy's Mid-Atlantic footprint and brings a Toyota store (approx. 1,500 new cars/year) and a Volvo franchise into its dealer group as the dealerships will be rebranded and operated under Sheehy.
-
- Buyer
- Cumberland County Auto Group, Greg Munoz, Sal Iannuzzi
- Target
- Vann Chrysler Dodge Jeep Ram
- Seller
- George Vanderheyden
- Industry
- Automotive
- Location
- New Jersey, United States
- Type
- Buyout
Cumberland County Auto Group, led by Greg Munoz and Sal Iannuzzi, has purchased Vann Chrysler Dodge Jeep Ram in Vineland, New Jersey from long-time owner George Vanderheyden. The franchised dealership will be renamed Vineland Chrysler Dodge Jeep Ram and becomes the group's fourth New Jersey location.
-
November 18, 2024
- Buyer
- Grafiti Holding Inc. (renamed Damon Inc.)
- Target
- Damon Motors Inc.
- Seller
- XTI Aerospace, Inc.
- Industry
- Automotive
- Location
- British Columbia, Canada
- Type
- Buyout
Grafiti Holding Inc., a former subsidiary of XTI Aerospace that was renamed Damon Inc., completed a business combination with Damon Motors, making Damon Motors a wholly‑owned subsidiary of the combined company. The combined company (Damon Inc.) was approved for a Direct Listing on the Nasdaq Global Market under ticker DMN, with a pro‑forma equity value of approximately $300 million; XTI Aerospace received Damon securities and completed a 1‑for‑50 distribution of Damon shares to its record date shareholders.
-
November 18, 2024
- Buyer
- MidOcean Partners
- Target
- Arnott Industries
- Seller
- Calera Capital
- Industry
- Automotive
- Location
- Florida, United States
- Type
- Buyout
MidOcean Partners has acquired Arnott Industries, a global leader in aftermarket air suspension products, from Calera Capital. The acquisition strengthens MidOcean's auto aftermarket platform and will support Arnott's growth through organic initiatives and strategic M&A; financial terms were not disclosed.
-
November 18, 2024
- Buyer
- Main Street Auto
- Target
- Dennis Quick Auto Service & Sales, Inc.
- Seller
- Bubba Dennis
- Industry
- Automotive
- Location
- Texas, United States
- Type
- Buyout
Main Street Auto, a multi-location auto repair platform based in Atlanta, acquired Dennis Quick Auto Service & Sales, Inc., a full-service auto repair and tire shop in Snyder, Texas. The transaction, which closed on November 18, 2024, transfers ownership from longtime owner Bubba Dennis to Main Street Auto and expands Main Street Auto's footprint and service capacity in West Texas, where Dennis Quick serves a predominantly commercial (oil field) customer base.
-
- Buyer
- B-On Global
- Target
- Deutsche Post DHL's EV manufacturing business (StreetScooter)
- Seller
- Deutsche Post DHL Group
- Industry
- Automotive
- Location
- North Rhine-Westphalia, Germany
- Type
- Buyout
B‑On Global completed a €110 million buyout of Deutsche Post DHL’s EV manufacturing business (historically associated with StreetScooter), with KingsRock Advisors acting as sole financial advisor to B‑On. The transaction transfers ownership of the EV manufacturing operations in Germany from Deutsche Post DHL Group to B‑On Global, supporting B‑On’s expansion of commercial electric vehicle manufacturing capabilities and fleet solutions.
-
- Buyer
- Burt Brothers Tire & Service Inc.
- Target
- Tire Buster's (Payson location), Tire Buster's (American Fork location)
- Industry
- Automotive
- Location
- Utah, United States
- Type
- Buyout
Utah-based Burt Brothers Tire & Service Inc. has acquired both Tire Buster's service centers in Payson and American Fork, Utah, in a transaction effective November 9. The locations will continue operating under the Tire Buster's name and existing employees will be retained as Burt Brothers expands its statewide footprint.
-
November 9, 2024
- Buyer
- Clay Cooley Auto Group
- Target
- Don Davis Ford (Arlington, TX)
- Industry
- Automotive
- Location
- Texas, United States
- Type
- Buyout
Clay Cooley Auto Group has acquired Don Davis Ford in Arlington, Texas, and will operate the location as Clay Cooley Ford. The acquisition expands Clay Cooley's presence in the Dallas–Fort Worth market and brings the dealership's sales, service and parts operations under the Clay Cooley brand.
-
- Buyer
- Clay Cooley Auto Group
- Target
- Don Davis Chrysler Jeep Dodge Ram
- Industry
- Automotive
- Location
- Texas, United States
- Type
- Buyout
Clay Cooley Auto Group has acquired Don Davis Chrysler Jeep Dodge Ram in Arlington, Texas and rebranded it as Clay Cooley Chrysler Jeep Dodge Ram. The acquisition expands Clay Cooley's dealership footprint in the Dallas–Fort Worth market and is intended to enhance service offerings and customer experience in Arlington. Financial terms were not disclosed.
-
November 8, 2024
- Buyer
- Clay Cooley Auto Group
- Target
- Don Davis Nissan
- Industry
- Automotive
- Location
- Texas, United States
- Type
- Buyout
Clay Cooley Auto Group has acquired Don Davis Nissan, a Nissan dealership in Arlington, Texas, expanding Clay Cooley’s presence across the Dallas–Fort Worth market. The acquisition will integrate Don Davis Nissan into the Clay Cooley network to provide expanded inventory, enhanced service options, and continued community engagement.
-
November 4, 2024
- Buyer
- Corwin Automotive Group
- Target
- Groove Honda
- Industry
- Automotive
- Location
- Colorado, United States
- Type
- Buyout
Corwin Automotive Group has purchased Groove Honda in Colorado Springs, Colorado; the transaction was facilitated by Pinnacle Mergers & Acquisitions and the dealership will operate under the Corwin Honda name. The press release did not disclose the selling party or transaction financials.
-
November 1, 2024
- Buyer
- Standard Motor Products, Inc.
- Target
- Nissens Automotive
- Seller
- Axcel, Nissen family
- Industry
- Automotive
- Location
- Denmark
- Type
- Buyout
Standard Motor Products, Inc. (SMP) has completed the acquisition of AX V Nissens III APS ("Nissens") from Nordic private equity firm Axcel and the Nissen family for approximately $390 million (€360 million), net of cash and assumed debt. The deal brings the Denmark-headquartered thermal-management and aftermarket air‑conditioning supplier into SMP’s portfolio to create an aftermarket leader across North America and Europe and drive cross‑selling and synergies.
-
- Buyer
- Brixey & Meyer Capital
- Target
- Professional Maintenance & Equipment, Inc.
- Seller
- Mark Holden, Steven Holden
- Industry
- Automotive
- Location
- North Carolina, United States
- Type
- Buyout
Brixey & Meyer Capital (BMC), a Cincinnati-based private investment firm, has acquired Professional Maintenance & Equipment, Inc. (PME), a Wade, North Carolina-based distributor and service provider of aftermarket automotive shop equipment. PME's founders Mark and Steven Holden will remain in leadership roles and retain ownership stakes as BMC positions PME for geographic and service/product expansion as part of a broader aftermarket automotive equipment investment strategy.
-
October 28, 2024
- Buyer
- A111 Capital, Farragut Capital Partners, NewSpring Mezzanine (NewSpring Capital), Pine Street Capital Partners, Salem Investment Partners
- Target
- Burnyzz
- Industry
- Automotive
- Location
- Florida, United States
- Type
- Buyout
A111 Capital has completed a majority buyout of Burnyzz, an Ocala, Florida-based classic car restoration, sales and service business. The transaction is supported by subordinated debt and equity investments from Farragut Capital Partners, NewSpring Mezzanine (NewSpring Capital), Pine Street Capital Partners and Salem Investment Partners to fund Burnyzz’s continued growth and capacity expansion while founder/management remain in place.
-
October 18, 2024
- Buyer
- HOLT Truck Centers
- Target
- Kyrish Truck Centers
- Seller
- Kyrish Truck Centers (family owners)
- Industry
- Automotive
- Location
- Texas, United States
- Type
- Buyout
HOLT Truck Centers (a HOLT Group operating company) has acquired Kyrish Truck Centers, a family-owned operator of 20 International Motors, Fleetrite Truck Parts, Idealease, and Longhorn Bus dealerships and service centers in Texas. The deal brings HOLT’s total locations to 35, makes it the third-largest International Motors dealer in the U.S., and transfers roughly 550 Kyrish employees to HOLT while preserving Kyrish’s Longhorn Bus brand in Texas.
-
- Buyer
- Open Road Capital, Jim Keffer, Jon Alcorn
- Target
- Beyer Automotive Group
- Seller
- Mike Beyer and his family (Beyer Automotive Group)
- Industry
- Automotive
- Location
- Virginia, United States
- Type
- Buyout
Beyer Automotive Group, a Virginia-based dealer group that retails over 7,000 vehicles and generates ~ $400 million in annual revenue, was sold in two transactions advised by Haig Partners. Open Road Capital (backed by Bain Capital) acquired the Northern Virginia dealerships on October 10, 2024, while dealer investors Jim Keffer and Jon Alcorn purchased the Winchester dealerships (now operating as Dogwood Automotive Group) in a separate closing on August 30, 2024.
-
- Buyer
- Atlas Holdings
- Target
- SRG Global, REHAU Automotive
- Seller
- Guardian Industries, REHAU Group
- Industry
- Automotive
- Location
- Michigan, United States
- Type
- Buyout
Atlas Holdings has agreed to acquire SRG Global from Guardian Industries and has also acquired REHAU Automotive from the REHAU Group, combining the two businesses to form RESRG Automotive. Terms were not disclosed; the transactions create a global platform for coated exterior systems and components and are expected to enhance capability and scale across SRG's and REHAU's footprints.
-
October 9, 2024
- Buyer
- Victory Automotive Group
- Target
- Weiss Toyota of South County
- Seller
- John Weiss, John Capps
- Industry
- Automotive
- Location
- Missouri, United States
- Type
- Buyout
Victory Automotive Group has acquired Weiss Toyota of South County in St. Louis, Missouri from partners John Weiss and John Capps. Haig Partners served as exclusive sell-side advisor; the dealership will be rebranded as Victory Toyota St. Louis as Victory expands its dealer footprint into Missouri.
-
- Buyer
- TruckPro, LLC
- Target
- Advanced Distribution Company
- Seller
- Terry Hearron
- Industry
- Automotive
- Location
- California, United States
- Type
- Buyout
TruckPro, LLC has acquired Advanced Distribution Company, a Bakersfield-based aftermarket supplier of heavy-duty truck and trailer parts and fleet maintenance services. The acquisition expands TruckPro’s presence and service capabilities in California, adding Advanced Distribution’s two locations and regional customer relationships to TruckPro’s national distribution network.
-
October 1, 2024
- Buyer
- Group 1 Automotive, Inc.
- Target
- Soper of Lincoln BMW/MINI
- Industry
- Automotive
- Location
- Lincolnshire, United Kingdom
- Type
- Buyout
Group 1 Automotive, Inc. (NYSE: GPI) has acquired Soper of Lincoln BMW/MINI in Lincolnshire, United Kingdom, expanding its U.K. footprint. The acquisition is expected to generate approximately $125 million in annual revenues and contributes to Group 1's reported $3.9 billion of acquired revenues in 2024.
-
September 18, 2024
- Buyer
- McGovern Automotive Group
- Target
- Mercedes-Benz of Little Silver
- Seller
- Allan Sockol, Scott Coleman, Contemporary Motor Cars, Inc.
- Industry
- Automotive
- Location
- New Jersey, United States
- Type
- Buyout
McGovern Automotive Group has acquired Mercedes-Benz of Little Silver (formerly Contemporary Motor Cars Mercedes-Benz), marking MAG's 31st dealership and its first location in New Jersey. The previous owners, Allan Sockol and Scott Coleman, will retain an ownership stake and remain involved while MAG expands the dealership's staff and operations under its leadership.
-
September 16, 2024
- Buyer
- Butler Automotive Group
- Target
- Bulldog Kia
- Seller
- David Kernall, James Hammond
- Industry
- Automotive
- Location
- Georgia, United States
- Type
- Buyout
Butler Automotive Group, a Macon, Georgia–based dealer group led by Marsh and Morris Butler, acquired Bulldog Kia in Athens, Georgia from owners David Kernall and James Hammond. The acquisition adds Butler's first Kia franchise and expands the group's footprint to 15 dealerships across Georgia, South Carolina and Florida.
-
September 12, 2024
- Buyer
- Holand Automotive Group
- Target
- Ferrari of Rancho Mirage
- Industry
- Automotive
- Location
- California, United States
- Type
- Buyout
Montreal-based Holand Automotive Group has acquired Ferrari of Rancho Mirage, adding a third Ferrari dealership to its North American portfolio. The acquisition strengthens Holand's presence on the U.S. West Coast and expands its access to high-net-worth customers in the Palm Springs and Coachella Valley markets.
-
September 12, 2024
- Buyer
- Classic Collision, LLC
- Target
- Absolute Collision Center
- Seller
- Thomas Goforth
- Industry
- Automotive
- Location
- North Carolina, United States
- Type
- Buyout
Classic Collision, a national multi-site collision repair operator, has acquired Absolute Collision Center, a seven-store MSO in North Carolina. The acquisition expands Classic Collision's footprint in the North Carolina market and brings Absolute Collision's experienced team and technology under the Classic Collision platform; FOCUS Investment Banking represented Absolute Collision in the transaction.
-
September 11, 2024
- Buyer
- Big Brand Tire & Service
- Target
- Tires To You
- Industry
- Automotive
- Location
- Texas, United States
- Type
- Buyout
Big Brand Tire & Service has acquired Tires To You, a seven-location tire retailer in the Austin, Texas area, marking Big Brand’s first entry into the Texas market. The acquired locations will be rebranded as Big Brand Tire & Service as the company plans further expansion in Texas and integration of its resources and technology to support growth.
-
September 10, 2024
- Buyer
- Lithia & Driveway (Lithia Motors)
- Target
- Three Duval Motor Company dealerships (Acura, Honda and Subaru in Jacksonville and Gainesville, Florida)
- Seller
- Duval Motor Company
- Industry
- Automotive
- Location
- Florida, United States
- Type
- Buyout
Lithia & Driveway (NYSE: LAD) purchased three dealerships (Acura, Honda and Subaru) from Duval Motor Company in Jacksonville and Gainesville, Florida, adding an expected $200M+ in annualized revenue. The deal marks Lithia's entry into these Florida markets and expands its import and luxury retail footprint, funded using existing on‑balance sheet capacity.
-
September 5, 2024
- Buyer
- Jim Hudson Automotive Group
- Target
- Scott Will Toyota
- Seller
- Scott Will (Dealer Principal)
- Industry
- Automotive
- Location
- South Carolina, United States
- Type
- Buyout
Jim Hudson Automotive Group of Columbia, South Carolina acquired Scott Will Toyota in Sumter, South Carolina, expanding Hudson’s South Carolina footprint to seven locations. Ozog Consulting served as exclusive sell‑side advisor to Scott Will; the transaction closed on September 5th.
-
- Buyer
- Ed Morse Automotive Group
- Target
- Renegade Harley-Davidson
- Seller
- H&H Automotive LLC
- Industry
- Automotive
- Location
- Missouri, United States
- Type
- Buyout
Ed Morse Automotive Group has acquired Renegade Harley-Davidson, a dealership located at 3980 W. Sunshine Street in Springfield, Missouri, from H&H Automotive LLC. The purchase expands Ed Morse's Harley-Davidson portfolio and grows the group's footprint to 57 dealership locations and over 2,800 employees nationwide.
-
- Buyer
- The Carlyle Group
- Target
- Worldpac, Inc.
- Seller
- Advance Auto Parts, Inc.
- Industry
- Automotive
- Location
- Illinois, United States
- Type
- Buyout
Funds managed by global investment firm Carlyle acquired Worldpac, Inc. from Advance Auto Parts for $1.5 billion in cash. Worldpac — a leading distributor of automotive replacement parts with more than 100 facilities and over 5,000 employees — generated roughly $2.1 billion of revenue and ~$100 million of EBITDA over the last twelve months; Carlyle intends to operate Worldpac as an independent, growth-focused company.
-
August 6, 2024
- Buyer
- Julie Herrera, IDEA Auto Group, Bravo Auto Group, Raymond Palacios, E1T1 Auto Group, Mike Terry, Jarryd Carver
- Target
- South Austin Nissan, Baytown Nissan, Hyundai of Silsbee
- Seller
- Central Automotive Group, Dale Early
- Industry
- Automotive
- Location
- Texas, United States
- Type
- Buyout
Three Texas dealerships — South Austin Nissan, Baytown Nissan and Hyundai of Silsbee — were sold in transactions facilitated by Pinnacle Mergers & Acquisitions. South Austin Nissan was acquired by Julie Herrera (IDEA Auto Group) and will operate as City Limits Nissan; Baytown Nissan was acquired by Raymond Palacios' Bravo Auto Group; and Hyundai of Silsbee was acquired by Mike Terry and Jarryd Carver through their new E1T1 Auto Group partnership.
-
- Buyer
- Krause Auto Group
- Target
- Sutherlin Nissan of Fort Myers, Sutherlin Nissan of Cape Coral, Sutherlin Genesis (Fort Myers)
- Seller
- Sutherlin Automotive Group
- Industry
- Automotive
- Location
- Florida, United States
- Type
- Buyout
Krause Auto Group of Alpharetta, Georgia purchased three Southwest Florida dealerships from Sutherlin Automotive Group for more than $110 million in an acquisition that includes Sutherlin Nissan of Fort Myers, Sutherlin Nissan of Cape Coral and Sutherlin Genesis in Fort Myers. The stores will be rebranded as Nissan of Cape Coral, Nissan of Fort Myers and Fort Myers Genesis; Krause plans renovations and service expansion at the Fort Myers Nissan location. Pinnacle Mergers & Acquisitions represented the seller in the transaction.
-
August 2, 2024
- Buyer
- The Shyft Group
- Target
- Independent Truck Upfitters
- Industry
- Automotive
- Location
- Iowa, United States
- Type
- Buyout
The Shyft Group, a publicly traded specialty vehicle manufacturer, acquired Independent Truck Upfitters (ITU), a Midwest-based service body and work truck upfitter operating locations in Iowa, Michigan, and Missouri. The acquisition expands Shyft's specialty vehicle product portfolio and upfitting capabilities, enabling entry into larger-class vehicle upfits and broader service offerings for utility, construction, and fleet customers.
-
July 25, 2024
- Buyer
- RealTruck, Inc.
- Target
- Protex
- Industry
- Automotive
- Location
- Colorado, United States
- Type
- Buyout
RealTruck, Inc. has acquired Protex, a web-based 3D product configuration and augmented reality (AR) platform, to integrate advanced vehicle visualization into RealTruck's online catalog and dealer network. The deal brings Protex's founders onto the RealTruck team and aims to expand the platform's vehicle and product coverage to enhance online and in-store shopping experiences.
-
- Buyer
- OKE Group GmbH, OKE USA Holding, Inc.
- Target
- Polymerica Limited Company d/b/a Global Enterprises
- Industry
- Automotive
- Location
- Michigan, United States
- Type
- Buyout
Germany-based OKE Group GmbH and its U.S. subsidiary OKE USA Holding, Inc. acquired Polymerica Limited Company d/b/a Global Enterprises, a Detroit-headquartered plastics manufacturer of automotive interior parts. The acquisition gives OKE a footprint in North America and additional manufacturing capacity in eastern Europe; Global Enterprises operates facilities in Detroit, El Paso (TX), Juarez (Mexico) and Ploiești (Romania).
-
July 19, 2024
- Buyer
- Stinger
- Target
- Race Sport Lighting, Inc.
- Industry
- Automotive
- Location
- Illinois, United States
- Type
- Buyout
Stinger, a Clearwater, Florida-based designer and manufacturer of vehicle aftermarket solutions, has acquired the assets of Race Sport Lighting, a U.S. LED automotive and powersports lighting brand. The acquisition will integrate Race Sport Lighting's product portfolio into Stinger’s lighting, infotainment and safety offerings to expand capabilities and broaden aftermarket and commercial vehicle lighting solutions.
-
July 16, 2024
- Buyer
- Penske Automotive Group
- Target
- Bill Brown Ford
- Industry
- Automotive
- Location
- Michigan, United States
- Type
- Buyout
Penske Automotive Group has acquired Bill Brown Ford, a longtime Ford dealership located in Livonia, Michigan, expanding Penske’s North American retail footprint in the Midwest. The acquisition includes more than 200,000 square feet of facilities across 29 acres (dealership, pre-owned facility, fleet maintenance and collision center) and is expected to add about $550 million in estimated annualized revenue.
-
July 15, 2024
- Buyer
- Telle Tire & Auto Centers
- Target
- Riechers Tire & Auto
- Seller
- Riechers Tire & Auto (Riechers family / previous owners)
- Industry
- Automotive
- Location
- Missouri, United States
- Type
- Buyout
Telle Tire & Auto Centers acquired two-location Riechers Tire & Auto (a fourth-generation family business) in Washington, Missouri, with the deal effective July 1. Riechers will continue operating under its name, all employees are being retained, existing warranties honored and extended, and the acquisition expands Telle's footprint to 28 stores in the greater St. Louis area.
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