Automotive Acquisitions in California

Bish's RV has acquired Cordelia RV in Fairfield, California from owner JC Foreman. Cordelia RV will be renamed Bish's RV and remain at its current location; the acquisition is Bish's RV's first dealership in California. Performance Brokerage Services acted as the exclusive sell-side advisor.

Fair Holdings, led by TrueCar founder Scott Painter, completed a $227 million take-private acquisition of TrueCar with a strategic investor group including PenFed Credit Union, Zurich North America, AutoNation, Atlantic Coast Automotive, Impel AI, ID.me, CRIF and In The Car. TrueCar will be delisted and Painter returns as CEO; the new ownership group plans to prioritize profitability and deepen integrations with lenders, insurers, dealers and technology partners to expand the platform's capabilities.

The Riverside Company has invested in Certified Collision Group (CCG), a subscription-based membership network serving independent collision repair shops across the United States and Canada. Incline Equity Partners, which acquired CCG in 2022, sold the business to Riverside as part of an exit following significant revenue growth and strategic expansion under Incline's ownership.

Lithia & Driveway (LAD) acquired two luxury Southern California dealerships — Porsche Beverly Hills and Audi Santa Monica — adding an estimated $450 million of annualized revenue. The purchases, sourced from owner Geoff Emery, expand Lithia's luxury retail network and were financed with existing on‑balance sheet capacity.

Coast Counties Truck & Equipment Co., part of The Jim Pattison Group, has acquired the business assets of Golden State Peterbilt to expand its presence and service capabilities across Central and Northern California. The deal transfers Golden State Peterbilt locations, employees, customers, and operations into Coast Counties, strengthening its Peterbilt sales, parts, leasing, and full-service repair footprint in the region.

Harbinger Motors acquired autonomous-driving and computer-vision company Phantom AI in November 2025 and will integrate Phantom AI’s technology into its medium-duty electric and hybrid vehicles beginning in 2026. Separately, Phantom AI’s computer vision will be licensed to ZF Group’s ADAS business for passenger car applications; Phantom AI’s ~30-person Mountain View team will continue operating from California.

Sonic Automotive, a Fortune 500 automotive retailer based in Charlotte, has acquired Jaguar Land Rover Santa Monica from Redwood Automotive I, LLC (dealer principal Sudhir Sood), expanding its Southern California footprint. The deal brings Sonic's total Jaguar Land Rover dealerships in the United States to 11 and strengthens its position as the largest Jaguar Land Rover retailer by volume in the U.S.

LUV Car Wash has acquired Big Ben Express Car Wash at 16490 Paramount Blvd in Paramount, California. The purchase expands LUV's footprint in the Los Angeles market and strengthens its density-driven, community-focused express car wash network in Southern California.

Pronto.ai has acquired SafeAI to combine multi-sensor autonomous capabilities and ASIL D safety frameworks with Pronto’s camera-first Autonomous Haulage System, strengthening its leadership in off-road autonomy for mining, quarrying, and construction. The deal brings SafeAI’s engineering team and IP into Pronto to accelerate product capability expansion, commercial deployments, and global growth.

Sonic Automotive, a Fortune 500 automotive retailer, acquired four Jaguar Land Rover dealerships in California — Jaguar Land Rover Los Angeles, Jaguar Land Rover Newport Beach, Jaguar Land Rover San Jose, and Land Rover Pasadena — from US Auto Trust. The acquisition adds approximately $500 million of annual revenue, expands Sonic's national footprint to 177 franchises, and makes Sonic the largest Jaguar Land Rover retail ownership group in the U.S. by volume.

Dave Cantin Group announced the closings of two California dealership transactions in June 2025: Audi West Covina was sold by Envision Motors to Victor Oh (Grace Motorcars), and Subaru of Hayward (formerly One Subaru) was sold by Brian and Devin McCafferty to Uwe and Chris Waizenegger of Mercedes‑Benz of Pleasanton. Both deals were strategic divestitures enabling sellers to realign portfolios or exit, while buyers expanded or added prime Bay Area retail points.

Asbury Automotive Group sold the Larry H. Miller Toyota Corona dealership (including related real estate and business operations) to dealer-operators Mike Hong and Jerry Heuer; the transaction closed on June 9. The Presidio Group advised Asbury on the divestiture, and the new owners will rename the location Toyota of Corona.

LUV Car Wash acquired Inglewood Express Car Wash from owner Farad Simab on May 7, expanding the company's footprint in the Los Angeles market and bringing LUV's total locations to 77 nationwide. LUV intends to modernize the acquired site and integrate it into its express car wash network to provide enhanced customer experience.

LUV Car Wash acquired Future Express Car Wash, adding the Rohnert Park location to its growing network and strengthening its presence in the Santa Rosa, California market. The deal supports LUV's regional expansion and aligns with its strategy to modernize sites using industry-leading technology and eco-friendly practices.

Trophy Automotive Dealer Group (TADG) has acquired Kia of Cerritos, a leading Kia dealership in Cerritos, California. The purchase expands TADG’s Southern California portfolio and is intended to enhance customer experience, service capabilities and operational scale at the Cerritos location.

Lithia & Driveway (LAD) acquired Elk Grove Subaru in Elk Grove, California, adding the dealership to its Sacramento-area retail network and strengthening density in the Southwest region. The acquisition, financed with existing on‑balance sheet capacity, is expected to add approximately $100 million of annual revenue to LAD.

Valvoline, Inc. has signed a definitive agreement to acquire Breeze Autocare, a Pleasanton, California–based operator of quick lube, car wash, and light repair services, from Greenbriar Equity Group. Breeze operates more than 200 locations and serves over 1.8 million customers annually; the deal expands Valvoline's retail service network and capabilities across the United States.

Dallas-based private equity firm Trive Capital has made a strategic investment in Chilton Auto Body, a San Carlos, California-headquartered collision repair platform that operates 20 shops across California. The partnership will support Chilton’s growth through M&A and new brownfield locations while expanding its EV repair and insurer-facing capabilities; financial terms were not disclosed.

General Motors has completed its previously announced acquisition of GM Cruise Holdings LLC, making Cruise a wholly owned GM subsidiary after approval of GM's merger offer by the Cruise board. GM will integrate Cruise's autonomous-vehicle and ADAS technology into its Super Cruise platform and focus on accelerating development of driving assistance and personal autonomous vehicle capabilities.

Bakhtiari Auto Group (led by Oscar and Brian Bakhtiari) has acquired Acura of Fremont in Fremont, California from long-time owner Bruce Kavich. Haig Partners served as exclusive sell‑side advisor; Kavich sold the dealership to focus full time on his customer-retention software business, Carveeps.

Big Brand Tire & Service has acquired Tred Shed Tire Pros in Pittsburg, California and will rebrand the location under the Big Brand Tire banner. The acquisition brings Tred Shed customers into Big Brand's network while preserving existing appointments and warranties and expanding Big Brand's local service footprint.

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.

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.

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.

Crash Champions, a founder-led multi-shop operator of collision repair centers, has acquired DC Autocraft, a Burbank, California collision repair center specialized in luxury OEM-certified and EV repairs. The acquisition (finalized April 26, 2024) expands Crash Champions' Luxe | EV Certified premium service line and immediately transitions DC Autocraft operations into the Crash Champions network.

Pinnacle Mergers & Acquisitions represented owners Bill Piercey and Tom Chadwell in the sale of Honda World of Westminster in Orange County, California to Gee Auto Group. The dealership will operate under the new name Honda of Westminster following the transaction.

Radial Equity Partners has made simultaneous investments in Moss Motors and Rimmer Bros to form a combined global specialty supplier of restoration and replacement parts for British vehicles. The deal brings together Moss (Goleta, California) and Rimmer Bros (Lincoln, United Kingdom) into a new platform to expand R&D, sourcing, marketing and distribution capabilities while transitioning Moss from family ownership.

Yoshi Mobility, a tech-enabled mobile car care platform, has acquired Mobile Auto Concepts Inc. (MACi), a San Francisco-based full-suite mobile automotive services provider. The acquisition will integrate MACi's tire, preventative maintenance, eco-friendly wash, and fleet services into Yoshi's offerings to accelerate service expansion for fleet and enterprise customers across the West Coast.

CenterGate Capital's affiliate has made an investment in TransGo, LLC, a long-established designer and manufacturer of aftermarket automatic transmission valve body repair kits, headquartered in El Monte, California. The transaction will provide TransGo with capital and strategic resources to accelerate growth, increase speed to market and expand vehicle coverage while management, led by President John Landry, remains in place.

Salt Creek Capital, a San Francisco Bay Area private equity firm, has acquired Vantage Vehicle International, Inc., a Corona, California-based manufacturer of low-speed utility vehicles (primarily electric). Founder Michael Pak is retiring as President & CEO and will remain as an investor and advisor while Salt Creek installs incoming CEO Drew Lieberman to lead growth and expand the dealer network.

VSS Group, a Kinderhook-backed provider of automotive protection products and services, has acquired Cilajet, a Gardena, California-based maker of aviation-grade interior and exterior appearance protection products for automotive and RV dealerships. The deal is an add-on to VSS Group's platform (its sixth since partnering with Kinderhook) and is intended to expand product offerings, distribution channels, and dealer-facing bundles; financial terms were not disclosed.

Collision Auto Parts LLC (COL), a Palladium Heritage–backed value-added distributor of aftermarket collision repair parts, acquired LC Automotive, Inc. (dba Eco Automotive Distributors, “ECO”), a regional distributor founded in 1985 and headquartered in Rohnert Park, California. The add-on expands COL’s presence in Northern California and is the first bolt-on since COLL’s partnership with Palladium Heritage in June 2023.

AGS Automotive Solutions, a portfolio company of 3 Rivers Capital, acquired Motive Products on August 31, 2022. Motive Products is a manufacturer-distributor of auto and motorcycle tools (notably the Power Bleeder); AGS intends to leverage its manufacturing and e-commerce capabilities to expand product offerings and channels.

TREMEC, a subsidiary of Grupo KUO, acquired Electric GT, a provider of plug-and-play EV conversion systems, and will operate the business as TREMEC – Electric GT out of Electric GT's Huntington Beach, California headquarters. The deal broadens TREMEC's aftermarket and specialty-vehicle product portfolio by adding complete EV powertrain systems (batteries, motors, inverters, gearboxes and control systems) for ICE-to-BEV conversions.

Applied Intuition agreed to acquire autonomous-trucking software developer Embark Technology in an all-cash transaction valued at approximately $71 million. Applied will integrate Embark's software, data and tools to enhance its autonomous-vehicle development platform; Embark plans to retire its test truck fleet and key employees are expected to join Applied.

Rocket Carwash, a City+Ventures company based in Omaha, Nebraska, has acquired Zipline Carwash in Woodcrest, California — its third California acquisition of 2023. The transaction expands Rocket Carwash's membership-based footprint in Southern California and supports the company's rapid growth and service-standard rollouts across its locations.

Bison Capital Partners VI, LP announced a strategic (growth) investment in Motorcar Parts of America, Inc., a remanufacturer, manufacturer and distributor of automotive aftermarket parts and EV testing/diagnostic equipment. The investment is intended to support Motorcar Parts of America’s product and geographic expansion and to accelerate its electrification testing and diagnostic capabilities.

Camping World Holdings, Inc. has agreed to acquire Pan Pacific RV Center, adding two northern California dealerships in French Camp and Morgan Hill. The transaction, expected to close in Q2 2023, expands Camping World's California footprint to twenty locations and brings experienced local teams and full-service RV sales, parts and service capabilities into the company's national retail network.

Fox Factory Holding Corp., through its subsidiary Fox Factory, Inc., has acquired Custom Wheel House, LLC (CWH) from Thompson Street Capital Partners. CWH, maker and distributor of Method Race Wheels, Tensor Tire and GMZ Race Products and based in Rancho Dominguez, California, will expand Fox Factory's aftermarket and OEM product capabilities in off-road wheels, tires, and accessories.

Superior Replacement Service, a growing mechanical and ADAS repair operator led by CEO Jack Perea, has acquired Pass Auto Center in Banning, California. The seller, owner John Selvaggio, approached Superior seeking retirement; the agreement was completed quickly to expand Superior’s mechanical and OE-level ADAS capabilities in the Banning market.

Ouster and Velodyne Lidar completed a proposed merger of equals to form a combined lidar company, with leadership and board designees drawn from both firms. The transaction is intended to create a stronger financial position, broaden the product suite and commercial reach, and deliver operational synergies and cost savings to accelerate lidar adoption across automotive, robotics and infrastructure markets.

GO Car Wash, a Denver-based express car wash operator, acquired Moreno Valley Car Wash in Moreno Valley, California. The deal expands GO Car Wash's West Coast footprint and increases its network to 126 locations across eight states; the former owner, Raja Thind, will transition the business to GO Car Wash.

Workhorse Group, Inc. made a $10 million strategic lead investment in Tropos Technologies' Series B round to support Tropos' nationwide expansion and production growth. The transaction was arranged with Chicago-based Auctus Capital Partners acting as exclusive advisor, and Workhorse also entered a contract manufacturing relationship to supplement Tropos' production capacity.

AutoNation agreed to acquire RepairSmith, a Los Angeles-based full-service mobile automotive repair and maintenance provider, for $190 million to expand its after-sales and mobile-service capabilities. The deal is intended to deepen customer retention, broaden AutoNation's service channels (including at-home and on-site fleet service), and was expected to close in Q1 2023 subject to customary conditions.

Sun Auto Tire & Service, Inc. has acquired Bruce's Tire & Auto Service, a Fremont, California-based local tire specialist and repair center. The acquisition — advised by FOCUS Investment Banking for Bruce's Tire — expands Sun Auto's network to more than 350 locations and aims to retain local employees while leveraging Sun Auto's systems and purchasing power to support growth.

Kingswood Capital Management completed a growth-capital investment in Turbo Wholesale Tires, partnering with founder Sarkis Sepetjian and the Sepetjian family who retain significant ownership and join the board. The investment includes a new debt facility from Cerberus Business Finance and brings in industry executives Phillip Kane (CEO) and Larry Jeffries (President) to support accelerated growth and expanded product and service offerings.

Raceway Car Wash has acquired WaterWorks Express Car Wash located at 12616 Imperial Highway in Norwalk, California. The acquisition expands Raceway's footprint to 39 locations across Arizona, Nevada, California and Texas and marks its ninth location in California as the company continues to grow its express and membership business.

US Auto Trust has purchased the Jaguar Land Rover Los Angeles dealership franchises from dealer principal Scott Biehl. The Presidio Group acted as exclusive M&A advisor to the seller; the acquisition expands US Auto Trust's luxury franchise footprint in California.

Repairify, a portfolio company of Kinderhook Industries, has acquired Automotive Training Group (ATG), a provider of live and virtual technical training for automotive professionals. The deal is Repairify's fifteenth add-on acquisition (financial terms were not disclosed) and aims to expand Repairify's training and development capabilities for its network of technicians.

Caymus Equity Partners has made a platform investment in Overland Vehicle Systems, partnering with founder and CEO Sean Angues to provide capital to support OVS's growth. OVS, headquartered in Santa Fe Springs, California, is a supplier of overlanding and off-road accessories with brands including King 4WD and Up Down Air.