Open Road Capital and Dealer Investors Acquire Beyer Automotive Group Dealerships
October 17, 2024
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.
- Buyers
- Open Road Capital, Jim Keffer, Jon Alcorn
- Targets
- Beyer Automotive Group
- Sellers
- Mike Beyer and his family (Beyer Automotive Group)
- Industry
- Automotive
- Location
- Virginia, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.