Walser Automotive Group Completes Acquisition of Three Twin Cities Dealerships (Freeway Ford, Metropolitan Ford, Suburban Chevrolet)

Kunes Auto & RV Group Acquires Valley Automotive Dealerships and Exchange’s Kunes Lakes Chevrolet to Expand in Minnesota and Chicago North Shore

February 3, 2026

Retail

Kunes Auto & RV Group completed three dealership acquisitions to expand into the Twin Cities metro area and Chicago’s North Shore. In Minnesota, it acquired Valley Buick GMC of Apple Valley and Valley GMC of Hastings from Valley Automotive Group, and in Illinois it acquired Kunes Lakes Chevrolet in Lake Bluff from The Exchange.

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.

Krause Auto Group Acquires Three Florida Dealerships from Sutherlin Automotive

August 5, 2024

Automotive

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.

Champion and Wallace Automotive Acquire Four Kingsport, Tennessee Dealerships

September 7, 2023

Automotive

Pinnacle Mergers & Acquisitions brokered the sale of four Kingsport, Tennessee car dealerships formerly owned by the estates of John King and Sam Anderson. Wallace Automotive (the Baker family) acquired the Fairway Ford and Fairway Volkswagen stores, while Andy Dietrich and Tim Copenhaver purchased Courtesy Chevrolet Buick GMC (now Champion Chevrolet Buick GMC); disposition of the Courtesy Subaru point was coordinated with Subaru.

PCM Companies Acquires Suburban Manufacturing Group

September 6, 2023

Industrial Services

PCM Companies invested in and acquired Suburban Manufacturing Group, a Monticello, Minnesota-based diversified manufacturer serving the fluid power market. Suburban’s owners (Brad and Mary Barger) are retaining a minority stake following the sale.

Carousel Motor Group Acquires Hudson Ford

January 6, 2023

Automotive

Carousel Motor Group has acquired Hudson Ford, the number-one selling Ford dealership in Wisconsin, marking Carousel's first Ford franchise and entry into the Wisconsin market. The Hudson Ford location in Hudson, WI (2020 Crest View Drive) includes new and pre-owned vehicle sales, an Abra full-service collision center and on-site detail center; principals mentioned in the transaction include Mark Swelland, Gary Embretson and Jonathan Nissly.