December 5, 2022

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Sheey Auto Stores, DCD Automotive Among Buyers In 4 Dealership Acquisitions

4 dealership groups included shops in the mid-Atlantic, Midwest and New England in four transactions late in the 3rd quarter and early in the fourth quarter.

Here’s a glance at the discounts that included import and domestic brand names. One transaction involved a dealership team ranked on Automotive Information‘ prime 150 dealership teams centered in the U.S.

Sheehy grows in Virginia
Sheehy Auto Retailers
of Fairfax, Va., has acquired import- and domestic-manufacturer shops in Fredericksburg, Va., about an hour’s travel south of its headquarters.

The Sheehy group, led by President Vince Sheehy, on Sept. 29 acquired Top Buick-GMC and Best Subaru from Randy Harris, president of Supreme Automotive. Sheehy by now experienced a Toyota retail outlet in Fredericksburg.

“Sheehy Automobile Retailers is thrilled to be expanding in the Fredericksburg current market,” Vince Sheehy reported in a assertion. “With the Toyota, Subaru and Buick-GMC brands, we will be in a fantastic position to have specifically the new and utilized autos our customers want.”

Sheehy has renamed the acquired 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 a single of the previous CarMax Inc. franchised dealerships: CarMax Laurel Toyota in Maryland. It also marketed a Ford dealership in Marlow Heights, Md., in April.

Sheehy ranks No. 44 on Automotive Information‘ listing of the leading 150 dealership groups centered in the U.S., retailing 19,441 new autos in 2020.
Efficiency Brokerage Companies, an Irvine, Calif., invest in-sell agency, handled the Sheehy-Top transaction.

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

DCD on Oct. 1 purchased Tarbox Toyota and Tarbox Hyundai, both of those in North Kingstown, R.I., from Ed Tarbox. Tarbox obtained the Toyota dealership in 1996 and experienced owned the Hyundai store since 2004. North Kingstown is south of Warwick, R.I.

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

“The Tarbox dealerships have terrific histories, with even better groups, and we glimpse forward to making upon their already reliable foundations to provide buyers with a top quality vehicle-buying encounter, quality consumer assistance and a high-quality range of motor vehicles — manufactured even additional expansive with our company’s shared assets and stock,” DCD CEO Chris Dagesse explained in a assertion.

DCD, of Norwood, Mass., now has 18 dealerships during Delaware, Massachusetts, New Hampshire and Rhode Island. In March, DCD bought two Boston-region Chevrolet dealerships.

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