Sheey Auto Stores, DCD Automotive among buyers in 4 dealership acquisitions – Automotive News

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

This is a Take A look On the provides that involved import and home fashions. One transaction involved a dealership group ranked on Automotive Information‘ prime 150 dealership teams based mostly Inside the U.S.

Sheehy grows in Virginia
Sheehy Auto Shops
of Fairfax, Va., has purchased import- and home-mannequin retailers in Fredericksburg, Va., about an hour’s drive south of its headquarters.

The Sheehy group, led by President Vince Sheehy, on Sept. 29 purchased Final Buick-GMC And supreme Subaru from Randy Harris, president of Final Automotive. Sheehy already had a Toyota retailer in Fredericksburg.

“Sheehy Auto Shops is thrilled to be growing Inside the Fredericksburg market,” Vince Sheehy said in A press launch. “With the Toyota, Subaru and Buick-GMC fashions, we Shall be in An excellent place to have Precisely the mannequin new and used automobiles our clients want.”

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

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

In January, Sheehy purchased Definitely one of many last CarMax Inc. franchised dealerships: CarMax Laurel Toyota in Maryland. It additionally purchased a Ford dealership in Marlow Heights, Md., in April.

Sheehy ranks No. 44 on Automotive Information‘ itemizing of The very biggest 150 dealership teams based mostly Inside the U.S., retailing 19,441 new automobiles in 2020.
Efficiency Brokerage Providers, an Irvine, Calif., buy-promote agency, dealt with the Sheehy-Final transaction.

DCD enters new state
Rising 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, each in North Kingstown, R.I., from Ed Tarbox. Tarbox acquired the Toyota dealership in 1996 and had owned the Hyundai retailer since 2004. North Kingstown is south of Warwick, R.I.

The retailers have been renamed Nuautomotive Tarbox Toyota and Nuautomotive Tarbox Hyundai.

“The Tarbox dealerships have good histories, with even greater teams, and We look forward to constructing upon their already strong foundations To current consumers with A prime extreme quality automotive-buying for expertise, extreme quality Buyer assist and A prime extreme quality Selection of automobiles — made A lot extra expansive with our agency’s shared assets and inventory,” DCD CEO Chris Dagesse said in A press launch.

DCD, of Norwood, Mass., now has 18 dealerships all by way of Delaware, Massachusetts, New Hampshire and Rhode Island. In March, DCD purchased two Boston-space Chevrolet dealerships.

Woody Woodward and John Hyland of DCG Acquisitions, a Dave Cantin Group agency, dealt with the DCD-Tarbox transaction.