Action Power Sports Acquires Don & Roy's MotorSports

Continuum Ventures Acquires Majority Stake in Action Water Sports

March 13, 2023

Retail

Continuum Ventures, the investment arm of the Doug and Maria DeVos family, has acquired a majority stake in Action Water Sports, a four-location premium boat dealership headquartered in Hudsonville, Michigan. Founder Jerry Brouwer will remain as a partner and president as Continuum integrates Action into its growing marine platform to expand its dealer, service, and marina footprint.

Dimmitt Automotive Group Acquires Cycle Springs Powersports

June 20, 2023

Automotive

The Dimmitt Automotive Group has acquired Cycle Springs Powersports, the world’s largest Yamaha dealer located in Clearwater, Florida. The transaction expands Dimmitt’s retail footprint into powersports and marine retail, and was facilitated by Viking Mergers & Acquisitions.

Walbro Acquires Cascade Engineering's Powersports Business

November 30, 2022

Manufacturing

Walbro LLC, a portfolio company of Nova Capital Management and Landon Capital Partners, has acquired the Powersports business and assets of Cascade Engineering's South facility in Grand Rapids, Michigan. Walbro will continue operations at the 50,000-square-foot site and retain the existing team; Cascade sold the unit to focus on its large-tonnage business.

Sonic Automotive Acquires Motorcycles of Charlotte and Motorcycles of Greensboro

December 6, 2024

Automotive

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.

Carousel Motor Group Acquires Hudson Ford

January 6, 2023

Automotive

Carousel Motor Group has acquired Hudson Ford, the number-one selling Ford dealership in Wisconsin, marking Carousel's first Ford franchise and entry into the Wisconsin market. The Hudson Ford location in Hudson, WI (2020 Crest View Drive) includes new and pre-owned vehicle sales, an Abra full-service collision center and on-site detail center; principals mentioned in the transaction include Mark Swelland, Gary Embretson and Jonathan Nissly.

Reynolds and Reynolds Acquires GoMoto

February 14, 2020

Automotive

Reynolds and Reynolds, a provider of automotive dealership software and services, has acquired GoMoto, a kiosk and self-service check-in technology provider for dealership service lanes. The acquisition expands Reynolds’ service-lane retailing capabilities by adding GoMoto’s kiosk hardware and software to Reynolds’ existing dealership technology suite; terms were not disclosed.