Ed Morse acquires 2 Texas dealerships; Advantage Rent a Car owner buys store in Georgia

The proprietor of Gain Hire a Motor vehicle has entered car retail, obtaining a standalone GMC dealership in Georgia.

Adel Dealerco on July 20 acquired Jerry Kelley GMC in Adel, north of Valdosta and the Georgia-Florida condition line. The dealership has been renamed Gain GMC of Adel, mentioned Dan Miller, co-proprietor and CEO of Orlando Rentco, the majority proprietor of Adel Dealerco. Orlando Rentco, of Orlando, owns Gain Hire a Motor vehicle.

“We wished to enter the retailing small business so that when we promote our, what we connect with off-rental automobiles, or the rental automobiles that occur out of the rental fleet, we wished a way to promote those people in a retail surroundings instead of just mainly wholesale, which we have finished up to this place,” Miller told Automotive Information.

Orlando Rentco, also owned by Remon Aziz, in July 2020 acquired some Gain Hire a Motor vehicle areas and assets immediately after Gain filed for Chapter 11 personal bankruptcy, Miller mentioned.

Other minority proprietors of the GMC dealership incorporate Mark Zurales, supplier principal and vice president of retail functions for Gain Hire a Motor vehicle and who formerly labored for dealership teams this kind of as Walser Automotive Team and AutoNation Inc., and Sandy Miller, former CEO of Spending budget Team Inc. Sandy Miller is Dan Miller’s father.

Dan Miller mentioned he would like Orlando Rentco to proceed to acquire nonluxury model dealerships in second-tier markets that are in a few hundred miles from its 8 Gain airport rental car areas. It has rental car businesses in both Atlanta and Orlando, for instance.

The business options to use dealership provider departments to recondition rental automobiles for made use of-car gross sales.

“What we are ready to do is consider the rental car, place it on a truck in the morning, get it into the provider department, get it reconditioned and by the stop of the working day, have it completely ready for sale at the dealership,” Dan Miller mentioned.

Miller mentioned the Gain web-site will be upgraded for clients to rent, promote and get made use of cars.

Monthly bill Fields of Supplier Alternatives Mergers and Acquisitions, a dealership get-promote agency centered in Markham, Ontario and with a U.S. office in Jupiter, Fla., represented the seller in the transaction.