Town Car Team co-owner buys dealerships in Indiana, Iowa
Supplier Shawn Kohli, co-operator of City Car Group in Chicago, bought two dealerships on his have in two independent deals.
Kohli said he acquired Berman Infiniti of Merrillville in Indiana from Berman Vehicle Team on Dec. 16. The dealership was renamed Patriot Infiniti of Merrillville. Merrillville, in northwest Indiana, is south of Gary.
It marks the very first Infiniti retailer for Kohli.
“I like to purchase undervalued belongings, just in general, not just with car or truck dealerships, but authentic estate, whichever,” Kohli instructed Automotive Information. “I feel this was absolutely an undervalued asset, with an option to establish a worth fairly than fork out for it.”
A little over a thirty day period later on, Kohli acquired another dealership, this time in a new point out.
Kohli on Jan. 17 purchased Strieter Motor Co., a Lincoln dealership, in Davenport, Iowa, from Jeff Helms. The dealership was renamed Patriot Lincoln of Davenport. Davenport is in jap Iowa, alongside the Mississippi River and throughout from the Illinois border.
Lincoln is also a new model for Kohli.
Kohli owns Town Automobile with spouse Anthony Scala. Town Car, which acquired a Stellantis dealership in April in Wisconsin, also owns a Chevrolet dealership and two Volkswagen shops in Illinois, additionally a Volkswagen dealership in Indiana.
Paul Kechnie and Mark Shackelford of the Texas and Midwest location of Performance Brokerage Providers, an Irvine, Calif., purchase-provide agency, facilitated the two the Merrillville and Davenport transactions.
Dick Hannah Dealerships expands in Portland, Ore., location
Dick Hannah Dealerships of Vancouver, Wash., expanded in the Portland, Ore., area on Oct. 17 when it procured two dealerships in Sandy, Ore., from Suburban Auto Team.
The previous Suburban Ford retail store was renamed Dick Hannah Ford although the previous Suburban Chevrolet keep was renamed Dick Hannah Chevrolet, in accordance to DCG Acquisitions, which brokered the offer. Sandy is southeast of Portland.
“We are looking ahead to serving Sandy, Ore., and surrounding communities,” Jennifer Hannah, vice president of Dick Hannah Dealerships, reported in a statement on the group’s web page.
The household-owned Dick Hannah team has dealerships in Washington and Oregon, according to its web-site.
Nancy and Jerry Jaksich and their daughter Erinn Sowle owned the dealerships less than the Suburban Automobile Group name, according to a tale in The Sandy Article.
George Pero, national vice president of income for DCG Acquisitions, represented the buyer and vendor in the transaction.