Murgado Automotive Group Acquires Toyota of Lincoln Park from AutoCanada/Leader Automotive Group

Morrie's Automotive Group Acquires Grand Ledge Ford Lincoln and Merrill Ford Okemos

December 7, 2021

Automotive

Morrie's Automotive Group acquired the Grand Ledge Ford Lincoln and Merrill Ford Okemos dealerships from Barry C. Merrill. The Presidio Group advised the seller on the transaction as Morrie's expands into Michigan, adding the two Ford/Lincoln franchises to its multi-state dealer network.

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).

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.

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.

Lithia & Driveway Acquires Carousel Motor Group

February 27, 2024

Automotive

Lithia & Driveway (LAD) has purchased Carousel Motor Group, a nine-store dealer group operating premium luxury and domestic franchises in the Minneapolis–St. Paul region, adding an expected $900 million in annualized revenue. The acquisition expands Lithia's footprint in the North Central Region (including its first Ford store in Wisconsin) and was financed using existing on‑balance sheet capacity; the seller is Pohlad Companies (the Pohlad family).

US Auto Trust Acquires Boardwalk Auto Group (Dallas)

October 7, 2025

Automotive

US Auto Trust has acquired Boardwalk Auto Group's Dallas operations, adding Ferrari, Lamborghini, Maserati, Pagani and Czinger dealerships to its portfolio. The transaction expands US Auto Trust's luxury automotive retail footprint and strengthens its presence in the Texas high-end vehicle market.