September 29, 2023

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Sheehy Auto Stores, DCD Automotive among buyers in 4 dealership acquisitions

4 dealership groups added suppliers in the mid-Atlantic, Midwest and New England in four transactions late in the third quarter and early in the fourth quarter.

This is a look at the promotions that involved import and domestic manufacturers. Just one transaction involved a dealership team rated on Automotive News‘ best one hundred fifty dealership groups primarily based in the U.S.

Sheehy grows in Virginia
Sheehy Automobile Suppliers
of Fairfax, Va., has bought import- and domestic-manufacturer suppliers in Fredericksburg, Va., about an hour’s travel south of its headquarters.

The Sheehy team, led by President Vince Sheehy, on Sept. 29 purchased Greatest Buick-GMC and Greatest Subaru from Randy Harris, president of Greatest Automotive. Sheehy now had a Toyota keep in Fredericksburg.

“Sheehy Automobile Suppliers is thrilled to be increasing in the Fredericksburg market place,” Vince Sheehy claimed in a statement. “With the Toyota, Subaru and Buick-GMC manufacturers, we will be in a good placement to have particularly the new and utilised motor vehicles our customers want.”

Sheehy has renamed the obtained dealerships Sheehy Buick-GMC Fredericksburg and Sheehy Subaru Fredericksburg.

The transaction marks the third Subaru keep and next Buick-GMC dealership for Sheehy, which has dealerships in Maryland and Virginia.

In January, Sheehy purchased one of the past CarMax Inc. franchised dealerships: CarMax Laurel Toyota in Maryland. It also bought a Ford dealership in Marlow Heights, Md., in April.

Sheehy ranks No. 44 on Automotive News‘ record of the best one hundred fifty dealership groups primarily based in the U.S., retailing 19,441 new motor vehicles in 2020.
Overall performance Brokerage Solutions, an Irvine, Calif., get-sell company, managed the Sheehy-Greatest transaction.

DCD enters new state
Increasing DCD Automotive Holdings Inc. has entered Rhode Island with the acquisition of two import dealerships.

DCD on Oct. one purchased Tarbox Toyota and Tarbox Hyundai, both equally in North Kingstown, R.I., from Ed Tarbox. Tarbox obtained the Toyota dealership in 1996 and had owned the Hyundai keep given that 2004. North Kingstown is south of Warwick, R.I.

The suppliers have been renamed Nucar Tarbox Toyota and Nucar Tarbox Hyundai.

“The Tarbox dealerships have good histories, with even improved groups, and we look ahead to constructing upon their now good foundations to give customers with a excellent automobile-acquiring working experience, excellent purchaser service and a excellent choice of motor vehicles — created even much more expansive with our company’s shared means and stock,” DCD CEO Chris Dagesse claimed in a statement.

DCD, of Norwood, Mass., now has eighteen dealerships throughout Delaware, Massachusetts, New Hampshire and Rhode Island. In March, DCD purchased two Boston-area Chevrolet dealerships.

Woody Woodward and John Hyland of DCG Acquisitions, a Dave Cantin Group corporation, managed the DCD-Tarbox transaction.