Krause Auto Group Acquires Three Florida Dealerships from Sutherlin Automotive
August 5, 2024
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.
- Buyers
- Krause Auto Group
- Targets
- Sutherlin Nissan of Fort Myers, Sutherlin Nissan of Cape Coral, Sutherlin Genesis (Fort Myers)
- Sellers
- Sutherlin Automotive Group
- Industry
- Automotive
- Location
- Florida, United States
- Transaction Type
- Buyout
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