Keeler Motor Car Company and Open Road Capital Acquire Lexus of Westport, Toyota of Westport and Audi Hawthorne

Open Road Capital and Jesse Hord Acquire Keeler Motor Company

August 13, 2024

Automotive

Open Road Capital, in partnership with dealer-operator Jesse Hord, has acquired Keeler Motor Company from the Keeler family. The deal brings multiple branded dealerships and a collision center in Latham, New York into Open Road Capital's growing automotive retail platform as part of its east-coast expansion.

Open Road Capital and Dealer Investors Acquire Beyer Automotive Group Dealerships

October 17, 2024

Automotive

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.

Two California Dealerships Sold: Audi West Covina and Subaru of Hayward

June 27, 2025

Automotive

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.

Penske Automotive Group Acquires Four Toyota and Lexus Dealerships from Longo Entities

November 19, 2025

Automotive

Penske Automotive Group acquired four high-volume Toyota and Lexus dealerships — Longo Toyota, Longo Lexus (El Monte), Lexus of Stevens Creek (San Jose), and Longo Toyota of Prosper (Texas) — expanding its presence in Southern and Northern California and the Dallas market. The stores retailed more than 28,000 new and used vehicles in 2024, are expected to add roughly $1.5 billion in annualized revenue, and the transaction closed on November 19, 2025 (financed via the company’s U.S. credit agreement and a note payable to the seller).

Richter and Scherle Families Acquire Terrace Ford Lincoln; Rebrand as Lakewest Ford Lincoln

July 28, 2025

Automotive

The Richter Group and The Scherle Group purchased Terrace Ford Lincoln from Go Auto and have rebranded the dealership as Lakewest Ford Lincoln. Performance Brokerage Services advised on the transaction; the buyer families plan to expand their family-owned dealership presence in the Burlington market and continue operations under local ownership.

Dream Motor Group Acquires Toyota of Montgomery and Lexus of Montgomery for $151M

November 24, 2025

Automotive

Dream Motor Group, led by Nick Saban and Joe Agresti, purchased Toyota of Montgomery and Lexus of Montgomery in Montgomery, Alabama from Sutherlin Automotive Group in a deal valued at $151 million. Pinnacle Mergers & Acquisitions served as the broker; the acquisition expands Dream Motor Group’s luxury and performance dealership footprint across the Southeast.