Automotive Divestitures in 2026

Asbury Automotive Group sold six Plaza Motors luxury dealerships and the Plaza Collision Center in the St. Louis market to MileOne Autogroup; the transaction closed on Feb. 23. The Presidio Group advised Asbury on the divestiture. MileOne will retain the Plaza name and use the acquisition to expand its footprint into the St. Louis region with immediate scale across multiple luxury brands.

RBM of Atlanta acquired three Greenville, South Carolina dealerships — Porsche of Greenville, Land Rover Greenville and Crown Nissan of Greenville — from Asbury Automotive Group in a transaction that included related real estate and closed Feb. 23. The Presidio Group advised Asbury on the divestiture; the deal marks RBM's first expansion beyond the metro-Atlanta area as it grows its multi-brand dealership footprint.

Polaris has completed the separation of Indian Motorcycle into a standalone business and sold a majority stake in the brand to Carolwood LP, an independent private equity firm based in Los Angeles. Financial terms were not disclosed; Polaris said the divestiture allows it to sharpen focus on core powersports businesses while Indian Motorcycle will operate independently under new majority ownership.

Prestige Auto Group, led by owner George Albanna, has acquired Columbiana Ford in Columbiana, Ohio from Pillar Automotive. The dealership will be renamed Prestige Ford and remains at its current location; Performance Brokerage Services acted as exclusive advisor to the transaction.

Keeler Motor Car Company, in partnership with Open Road Capital, acquired three dealerships — Lexus of Westport, Toyota of Westport and Audi Hawthorne — from New Country Motor Car Group. Haig Partners served as exclusive advisor to New Country on the sale as New Country repositions capital into other markets.

Alliance RV, LLC has acquired Midwest Automotive Designs from Terex Corporation (previously part of REV Group). The transaction transfers the Elkhart-based luxury B‑van and motorhome conversion business to Alliance RV as the buyer expands into the motorized recreational-vehicle segment.

Stoneridge, Inc. has sold its Control Devices segment to an affiliate of Center Rock Capital Partners for a base purchase price of $59 million. Stoneridge said it will use net proceeds to repay debt and sharpen focus on its core growth platforms (Vision & Safety, Connectivity, and Vehicle Intelligence), while Center Rock will take the Control Devices business forward under dedicated ownership.

Murgado Automotive Group has acquired Toyota of Lincoln Park, a Chicago-area Toyota dealership formerly owned by AutoCanada’s U.S. subsidiary Leader Automotive Group. Haig Partners served as exclusive sell-side advisor on the transaction, which represents a local-market expansion for Murgado and a divestiture by AutoCanada/Leader Automotive Group.