Automotive Acquisitions in Virginia

Flagstop Car Wash announced the acquisition of three regional car wash businesses—Dave's Auto Spa, Clean Machine and Aqua Wash—and opened a new site in Ashland, Virginia. The deals expand Flagstop's footprint across Central Virginia (including Charlottesville), support conversion of acquired sites to its express model, and build on prior investment from Garnett Station Partners.

Blue Compass RV, a national RV retail group, has acquired Airstream of Virginia and will build a new flagship exclusive Airstream dealership in Richmond, Virginia. The deal expands Blue Compass’s Airstream footprint (its 7th dedicated Airstream dealership and 14th Airstream location overall) and moves Airstream of Virginia to a new interim location in Woodford, VA pending a new facility opening in early 2027.

Flagstop Car Wash acquired two Central Virginia car wash sites — Sudzy Malone Car Wash in Powhatan and Auto Spa Car Wash in Kilmarnock — and opened a new site in Farmville as part of its regional expansion. The deals expand Flagstop's express, membership-focused platform in the Greater Richmond area as it works toward operating over 25 locations by year-end; the company is backed by Garnett Station Partners.

Quality Collision Group (QCG), a McKinney, Texas–based MSO backed by Susquehanna Private Capital, has acquired Bruce's Super Body Shops, adding three collision repair locations in Williamsburg and Richmond, Virginia. The deal expands QCG's network to 92 OEM-certified shops and aims to broaden its Virginia footprint while reinforcing OEM-compliant repair capabilities.

Lithia & Driveway (LAD) acquired Stohlman Subaru in Sterling, Virginia to expand its Mid-Atlantic footprint. The acquisition, financed with existing on‑balance sheet capacity, adds expected annualized revenue of $80 million to LAD.

Classic Collision, a national multi-site collision repair operator based in Atlanta, acquired One Stop Auto's two family-owned locations in Yorktown and Newport News, Virginia. The deal expands Classic Collision's footprint in Virginia and preserves the former owner's legacy of local customer service under the Classic Collision platform.

Classic Collision, a national multi-site collision repair operator based in Atlanta, acquired Bowditch Collision Center in Newport News, Virginia. The acquisition expands Classic Collision’s presence in the Hampton Roads market and brings Bowditch’s renovated facility and team into Classic’s Virginia operations; the former owner, Casey Rosinski, will exit following the sale.

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.

Richmond-based Flagstop Car Wash acquired three existing locations in Henrico County from rival Green Clean Express Auto Wash and has rebranded and reopened the sites as Flagstop. The deal expands the PE-backed platform's footprint in the greater Richmond market as it pursues a plan to operate 25+ sites by 2025 with support from investor Garnett Station Partners.

Crash Champions has acquired Performance Collision Centers, adding nine collision repair locations across Virginia, South Carolina and Georgia. The acquisition expands Crash Champions' national MSO footprint in the Southeast and brings Performance Collision's OEM-certified repair capabilities into the Crash Champions network.

Malloy Auto Group has acquired Jim Price Chevrolet from Charlottesville-based Jim Price Auto Group. The transaction—advised on the sell-side by Kerrigan Advisors—includes the dealership and its prime real estate on Seminole Trail and expands Malloy's regional footprint in Virginia.

Baltimore Potomac Truck Centers has acquired TMI Truck & Equipment (Tidewater Mack, Inc.), adding two dealerships in Chesapeake and Norfolk, Virginia. The deal, completed Nov. 13, 2023, expands Baltimore Potomac's footprint in Tidewater Virginia and brings additional OEM franchises (including Isuzu) and trailer lines into its portfolio.

Classic Collision, a national multi-site collision repair operator headquartered in Atlanta, acquired Elite Auto Body Group, a six-location MSO in the Tidewater region of Virginia. The acquisition brings Classic Collision into the Virginia market and expands its network of repair centers, while former owner Chris Bucci transitions the Elite locations into the Classic Collision platform.

Asbury Automotive Group agreed to acquire Jim Koons Automotive Companies, a Mid-Atlantic dealer group with 20 dealerships, 29 franchises and six collision centers that generated over $3 billion in revenue in 2022. The transaction, advised on the sell-side by Kerrigan Advisors, expands Asbury's presence in the Washington–Baltimore market and is expected to close in late 2023 or early 2024.

Flow Automotive Companies purchased eight franchised dealerships in the Charlottesville, Virginia market from Umansky Automotive Group, expanding its existing footprint in Virginia and North Carolina. The deal — which includes the owned real estate — was advised by The Presidio Group and transfers Mercedes-Benz of Charlottesville plus seven Umansky-branded franchises to Flow Automotive.

Flagstop Car Wash, a Garnett Station Partners–backed express car wash platform based in Chester, Virginia, has acquired Hogwash Express Car Wash in Richmond's Midtown area. The acquisition (terms undisclosed) will rebrand the location as Flagstop's 15th Richmond-area site and supports the platform's regional expansion following Garnett Station's recent growth capital investment.

Garnett Station Partners has recapitalized Flagstop Car Wash, partnering with CEO Jamie Nester and the management team to provide growth capital for continued expansion. The investment will support new unit development and acquisitions as Flagstop looks to double its current footprint; financial terms were not disclosed.

Graham Holdings Company acquired a Toyota dealership and a Chrysler-Dodge-Jeep-Ram dealership in Woodbridge, Virginia from Lustine Automotive Group, with the company taking a 90% stake. Christopher J. Ourisman and his Ourisman Automotive team will operate and manage the dealerships (reportedly holding the remaining minority interest); the purchase price was not disclosed.

Car Wash Owners Network (CWON), a platform backed by Baltimore-based Access Holdings, has completed an investment in Flagship Car Wash Center, a leading car wash operator in the Washington DC–Maryland–Northern Virginia (DMV) region. The partnership will keep Flagship's management in place and accelerate expansion — targeting 50+ locations via de novo development and M&A while introducing membership programs and other best-practices from CWON.

Acamar Partners Acquisition Corp. entered into a definitive business combination agreement to take CarLotz, Inc. public, supported by a $125 million PIPE led by Fidelity and strategic investors including KAR Global, McLarty Diversified Holdings, Rick Wagoner and TRP Capital Partners. The transaction will provide CarLotz with capital to fund nationwide hub expansion, technology investments and continued growth; closing was expected in Q4 2020.

Quality Collision Group (QCG) has acquired Dorn's Body and Paint, marking QCG's first entry into the Virginia market and bringing its East Coast shop count to 13. Dorn's, founded in 1965 and based in Mechanicsville, Virginia, operates a 48,000 sq. ft. facility with over 50 employees and holds 25+ OEM certifications.

Daimler Trucks (via Daimler Trucks and Buses Holding Inc., a subsidiary of Daimler AG) agreed to acquire a majority stake in Torc Robotics to accelerate commercialization of SAE Level 4 automated trucks. Torc will remain a separate entity in Blacksburg, Virginia, continue developing its Asimov self-driving software and work closely with Daimler's R&D teams in Portland and globally.