Krause Auto Group Acquires McGrath Volvo Cars of Fort Myers

Krause Auto Group Acquires Three Florida Dealerships from Sutherlin Automotive

August 5, 2024

Automotive

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.

Kunes Auto & RV Group Acquires Griffin Chevrolet in Milwaukee

June 17, 2025

Automotive

Kunes Auto & RV Group, a family-owned Midwest dealership group headquartered in Delavan, Wisconsin, has acquired Griffin Chevrolet located at 11100 W. Metro Auto Mall in Milwaukee. The purchase expands Kunes' Chevrolet footprint to 19 GM dealerships across its Midwest operations and reinforces its commitment to growing its presence in the Milwaukee market.

Krause Auto Group / Vernon Krause Acquires Sutherlin Hyundai of Athens

August 29, 2023

Automotive

Vernon Krause, through Krause Auto Group, purchased Sutherlin Hyundai of Athens in Athens, Georgia from Sutherlin Automotive. Pinnacle Mergers & Acquisitions represented the seller; the dealership will operate as Hyundai of Athens as part of Krause's expansion in the Georgia market.

Group 1 Automotive Acquires Three Luxury Brand Dealerships in Florida and Texas

May 19, 2025

Automotive

Group 1 Automotive, Inc. acquired three luxury-brand dealerships — a Lexus and an Acura dealership in Fort Myers, Florida, and Mercedes‑Benz of South Austin in Texas — expanding its footprint in key cluster markets. The three dealerships are expected to generate approximately $330 million in combined annual revenues and will complement Group 1's existing luxury portfolio.

Kunes Auto & RV Group Acquires Three Dealerships in Minnesota and Lake Bluff, Illinois

February 3, 2026

Automotive

Kunes Auto & RV Group completed three acquisitions, purchasing two dealerships from the family‑owned Valley Automotive Group (now Kunes Apple Valley and Kunes Valley GMC in Hastings, Minnesota) and Kunes Lakes Chevrolet in Lake Bluff, Illinois from The Exchange. The deals expand Kunes’ Midwest footprint into the Twin Cities market and the Chicago North Shore, and include a succession element as Valley Automotive Group’s family remained involved in Minnesota operations.

Asbury Automotive Group Acquires Jim Koons Automotive Companies

September 8, 2023

Automotive

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.