Here’s our latest update on dealership acquisitions in December

Hudson Automotive grows in South Carolina

Increasing Hudson Automotive Group acquired its 3rd Toyota dealership in 2021 when it obtained Dave Edwards Toyota in Spartanburg, S.C., on Dec. 13.

Hudson Automotive bought the dealership from Dave Edwards, Hudson Automotive CEO David Hudson said in an e mail. Edwards retired, in accordance to a video concept posted on the dealership’s Facebook web site.

The retailer was renamed Spartanburg Toyota.

The Spartanburg acquisition is the most current deal for Hudson Automotive of Charleston, S.C.

This thirty day period, the group bought its 1st Mercedes-Benz dealerships when it obtained Mercedes-Benz of Cincinnati and Mercedes-Benz of West Chester, both equally in Ohio.

In November, Hudson Automotive purchased Dick Dyer Toyota in Columbia, S.C. In June, the team acquired Hoover Toyota in Alabama. At the end of August, it marketed Murfreesboro Volkswagen in Tennessee to Victory Automotive Team.

Spartanburg Toyota is Hudson Automotive’s 36th rooftop, Hudson explained.

The Presidio Group, an investment banking and advisory organization centered in Denver and Atlanta, represented Hudson in the transaction.

Bennett Automotive grows

Bennett Automotive Group has expanded its footprint in Lebanon, Penn., with the obtain of 3 dealerships.

Bennett Automotive, of Allentown, Pa., on Dec. 8 purchased Ebersole Automobile from the Ebersole spouse and children. The group consisted of Ebersole Buick-GMC, Ebersole Honda and Ebersole Hyundai, all in Lebanon. The offer also involved a utilized-only retail store and a collision centre.

It marks Bennett Automotive’s to start with acquisition due to the fact it acquired a Toyota store in Lebanon in 2018, explained Chris Zerfass, co-owner of the group.

“We have been in this industry since March of 2018 and genuinely, truly did perfectly,” he mentioned. “[We] like the market really considerably. We created a new Toyota retail store and moved in final November.”

Lebanon is about 65 miles west of Allentown in central Pennsylvania.

The dealerships were being renamed Bennett Buick-GMC of Lebanon, Bennett Honda of Lebanon and Bennett Hyundai of Lebanon. Each individual brand is new to the group, Zerfass mentioned, adding that every single dealership will be renovated to fulfill manufacturers’ image compliance.

Bennett Automotive, led by operator Rob Bennett, also sells Jaguar, Land Rover, Infiniti and Maserati autos.

Ebersole Auto was established in 1920 and was on its fourth-technology of relatives possession, Zerfass noted.

Rob Lee of the Tim Lamb Team represented the Ebersole spouse and children in the transaction.

Eleanore Beatty

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