Van Olp Acquires Groove Chrysler Dodge Jeep Ram and Groove Subaru in Silverthorne, Colorado

Larry VanTuyl (VT Companies) Acquires Groove Subaru from Summit Automotive Partners

January 16, 2025

Automotive

Larry VanTuyl, through VT Companies, purchased Groove Subaru in the Denver, Colorado area from Summit Automotive Partners. Pinnacle Mergers & Acquisitions represented VanTuyl in the transaction; the dealership will retain the Groove name under its new ownership as VanTuyl expands his dealership footprint in Colorado and the Mountain West.

VT Companies (Larry Van Tuyl) Acquires Groove Toyota from Summit Automotive Partners

December 31, 2024

Automotive

Larry Van Tuyl, through VT Companies, has acquired Groove Toyota from Summit Automotive Partners. The acquisition gives Van Tuyl his first dealership presence in Colorado as he expands his multi-state automotive portfolio.

Corwin Automotive Group Acquires Groove Honda in Colorado Springs

November 4, 2024

Automotive

Corwin Automotive Group has purchased Groove Honda in Colorado Springs, Colorado; the transaction was facilitated by Pinnacle Mergers & Acquisitions and the dealership will operate under the Corwin Honda name. The press release did not disclose the selling party or transaction financials.

AutoNation Acquires Groove Ford and Groove Mazda from Summit Automotive Partners

April 4, 2025

Automotive

AutoNation has acquired Groove Ford and Groove Mazda in Englewood (Denver metro), Colorado, rebranding them as AutoNation Ford Arapahoe and AutoNation Mazda Arapahoe. The two stores sold nearly 5,000 vehicles in 2024 with approximately $219 million in annual revenue and bring nearly 200 associates to AutoNation as part of a strategy to add density and scale in the greater Denver market.

Lithia & Driveway Acquires Elk Grove Subaru

March 4, 2025

Automotive

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.

Golling Automotive Group Acquires Ray Laethem Chrysler Dodge Jeep Ram from Jeff Laethem

April 2, 2025

Automotive

Golling Automotive Group has purchased Ray Laethem Chrysler Dodge Jeep Ram in Detroit, Michigan from owner Jeff Laethem. The dealership will be renamed Golling Chrysler Dodge Jeep Ram of Grosse Pointe and remain at 18001 Mack Avenue; Performance Brokerage Services served as exclusive sell-side advisor.