LaFontaine, Flow Automotive, Sewell Family of Cos. and the dealer Dominguez Drawe acquire stores
Four dealers changed hands in the third quarter in four transactions involving luxury stores and national brands.
Here is an overview of the offers. Two transactions concerned groups classified on Automotive NewsList of the 150 best dealer groups.
More growth in Michigan for LaFontaine
LaFontaine Automotive Group, one of the nation’s largest private dealer groups, bought out a Michigan Buick-GMC dealer group that sued General Motors and GM Financial last year over allegations of unfair termination of plan deals. upstairs and racial discrimination.
LaFontaine of Highland, Michigan on September 9 purchased Superior Buick-GMC in Dearborn, Michigan, from Tanya Robin and Basam Robin.
Terms of the deal were not disclosed. The dealership was renamed LaFontaine Buick-GMC of Dearborn. This is LaFontaine’s fourth Buick-GMC store and its third acquisition since the beginning of July.
In July, LaFontaine purchased Hyundai, Mazda, and Volkswagen dealerships near Detroit in Livonia, Michigan from Ralph Thayer Automotive and purchased Signature Lincoln in Owosso, Michigan from the Signature Auto group owned by Joe Falzon.
LaFontaine now has 48 franchises at 28 retail outlets, all located in Michigan, as well as 10 collision centers in the state.
The group said Robert Simmons, executive general manager of GM brands for the group, will oversee the dealership. Shadrick Bennett has been appointed general manager of the store. He is also the general manager of LaFontaine Chevrolet in Dexter, Michigan.
The Robins in May 2020 filed a lawsuit in U.S. District Court in Detroit. GM denied the allegations and a judge dismissed most of the complaints against GM. The case is continuing and GM Financial is also seeking a motion to dismiss, said Steven Blatt, a partner at Bellavia Blatt law firm in Mineola, NY, and attorney for the Robins. Automotive News.
Blatt said the sale of the Dearborn store was unrelated to the lawsuit and the Robins still owned a Buick-Cadillac store in Battle Creek, Michigan.
LaFontaine CEO Ryan LaFontaine said he sees a “tremendous opportunity” to develop the Buick and GMC brands in the Dearborn area.
âThis dealership was a local powerhouse at the time and we look forward to reconnecting with previous customers and delivering an unmatched customer experience – from sales to service, [and] parts to the body shop, âhe said in a statement.
LaFontaine ranks 43rd on Automotive Newslist of the top 150 US-based dealer groups, retailing 19,565 new vehicles in 2020.
Asbury sells its Virginia BMW dealership
Flow Automotive Cos. extended its presence in the Charlottesville, Va. market on Monday with the purchase of BMW of Charlottesville from Asbury Automotive Group.
âWe are excited to expand our presence in the Charlottesville market and couldn’t ask for a better franchise than BMW,â said Don Flow, CEO of Flow Automotive Cos., In a statement. “I attended college in Charlottesville and am personally connected to this amazing community.”
Flow Automotive of Winston-Salem, North Carolina, also has an Audi-Porsche-Volkswagen dealership and a Mazda store in Charlottesville, according to its website. Flow Automotive has 45 franchises located in North Carolina and Virginia. BMW of Charlottesville is Flow Automotive’s second BMW dealership.
The BMW store was Asbury’s only location in Charlottesville and the group left that market. There are now two stores left in Virginia: Richmond BMW Midlothian and Richmond BMW, according to its website.
In August, Asbury bought a Subaru dealership in Colorado.
The Presidio Group, an investment bank and consulting firm based in Denver and Atlanta, represented Asbury in the sale of BMW of Charlottesville.
Asbury, of Duluth, Ga., Ranks # 6 on Automotive Newslist of the top 150 US-based dealer groups, retailing 95,165 new vehicles in 2020.
Expansion in Oklahoma
Ivette Dominguez Drawe, Michael Drawe and Rick Jones have acquired an Acura dealership in Oklahoma.
On September 3, the trio purchased Don Carlton Acura of Tulsa from Brenda Carlton. The store was renamed Post Oak Acura.
This is the second acquisition in Oklahoma for Dominguez Drawe, which, along with the partners, acquired a Toyota store in Oklahoma City in late 2019 that operates under the Post Oak Toyota name.
Dominguez Drawe now has six dealers in Colorado, Illinois, Missouri and Oklahoma. She was nominated by Automotive News as 100 Women Leaders in the North American Automotive Industry in 2020.
The Acura store was launched in 1995 as part of the family group Don Carlton Auto. Carlton holds Don Carlton Honda from Tulsa.
Dominguez Drawe and her husband, Michael Drawe, met while working for Sonic Automotive Inc. In 2005, they purchased their first dealership, Alpine Buick-GMC in Littleton, Colorado.
In 2017, the Drawe teamed up with Jones to purchase their second store, Cardinal Buick-GMC in Belleville, Illinois. Jones is now a partner and president in four of Dominguez Drawe’s six stores. Michael Drawe owns the six stores.
Performance Brokerage Services, a dealer buy-sell company in Irvine, Calif., Handled the Don Carlton Acura transaction.
Growing Up In Texas
The Sewell family of Cos. in Odessa, Texas, led by Collin Sewell, acquired its first Chrysler-Dodge-Jeep-Ram dealership.
On August 31, Sewell purchased the Benny Boyd Andrews Dodge-Chrysler-Jeep-Ram truck in Andrews, TX from the Benny Boyd Auto Group. The dealership was renamed Sewell Chrysler-Dodge-Jeep-Ram. Andrews is a town near the New Mexico border and the group already has a Chevrolet-Buick-GMC dealership there.
Collin Sewell, group president, said in a statement: âWe look forward to welcoming team members Benny Boyd and customers to experience the best of what they have had in the past, now with the Sewell team. “
The Sewell Group has grown in recent years, adding a BMW store in Midland, Texas in 2017, a Cadillac-Buick-GMC store in 2019 in Midland and a Cadillac store in Odessa last year, according to its website. .
Edward Sewell founded the Sewell Family of Cos in 1911. Now in its fourth generation, the company has dealerships representing 11 brands in West Texas.
Bill Scrivner and Wes Hamilton of Pinnacle Mergers & Acquisitions, a Frisco, Texas buy / sell company, represented the seller in the Sewell-Boyd transaction.