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

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.

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

May 6, 2024

Automotive

Buyer Van Olp, represented by Pinnacle Mergers & Acquisitions, purchased Groove Chrysler Dodge Jeep Ram and Groove Subaru from owner Alex Gillett. The two Silverthorne, Colorado dealerships will operate under the Auto Star Chrysler, Dodge, Jeep, Ram and Auto Star Subaru names.

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.

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.

Hitchcock Automotive Sells Three Southern California Toyota Dealerships to Van Tuyl Companies and Kaminsky Automotive

February 8, 2022

Automotive

Hitchcock Automotive has sold three high-volume Toyota dealerships in Southern California: Northridge Toyota and Toyota of Santa Barbara were acquired by Van Tuyl Companies, while Puente Hills Toyota was acquired by Kaminsky Automotive. Kerrigan Advisors represented Hitchcock Automotive in the sale as the family transitions ownership of these long-standing dealerships.

Greater Sum Ventures Leads Majority Investment in Vehlo

June 6, 2022

Cloud & SaaS

Greater Sum Ventures (GSV) led a majority strategic growth investment in Vehlo, joined by existing investors PSG, HarbourVest Partners and Parkwood, and new investor Lightyear Capital. The financing will support Vehlo’s product innovation, customer success initiatives and additional add-on acquisitions as it expands its cloud-based software and fintech solutions for the automotive repair industry.