Kia, Jaguar Land Rover, Volvo dealerships trade hands across four states

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Two increasing car shops expanded with a number of 3rd-quarter and fourth-quarter transactions.

This is a seem at the promotions involving import and luxurious dealerships in West Virginia, Ohio, New York and Massachusetts. Two promotions concerned an car retailer rated on Automotive Newstop 150 dealership groups list.

Ganley goes on Kia obtaining spree

Expanding Ken Ganley Cos. entered a new point out and bulked up its Ohio footprint with acquisitions in September and this thirty day period.

The team, of Broadview Heights, Ohio, purchased Independence Kia of Clarksburg in Bridgeport, W.Va., from Mike Wooden on Sept. one, in accordance to CEO Ken Ganley. The dealership was renamed Ken Ganley Kia Clarksburg.

It marks the group’s 1st dealership in West Virginia, Ganley claimed. Bridgeport is in the northern component of the point out, southwest of Morgantown.

The acquisition follows Ganley’s February purchase of a Kia dealership in Mentor, Ohio, northeast of Cleveland.

On Nov. eight, Ken Ganley Cos. purchased two a lot more Kia dealerships, also in Ohio. The team acquired Taylor Kia of Boardman and Taylor Kia of Alliance from Matthew Taylor.

The outlets were being renamed Ken Ganley Kia Boardman and Ken Ganley Kia Alliance, Ganley claimed. Boardman is south of Youngstown, and Alliance is southeast of Akron.

Ganley now has 5 Kia dealerships in his portfolio.

“It can be a fantastic brand name the products and solutions are phenomenal,” Ganley instructed Automotive Information. “I seriously like the nationwide and regional management. They have been fantastic to function with. I could not be happier with Kia.”

Taylor sold two dealerships to Diehl Automotive Team in May possibly and a further shop, also to Diehl Automotive, in June.

Ganley claimed the two Kia outlets were being Taylor’s past dealerships. Ganley pointed out that Taylor has stayed on to operate the two dealerships he offered.

Drew Picon, a taking care of director of DCG Acquisitions, a Dave Cantin Team firm, taken care of the Ganley-Taylor transaction.

Ken Ganley Cos. ranks No. 15 on Automotive Information‘ most current checklist of the top rated 150 dealership teams primarily based in the U.S., retailing 36,079 new cars in 2021.

McGovern Automotive proceeds expansion

McGovern Automotive Team, which has been an active dealership buyer in 2022, ongoing its acquisition travel with the obtain of a few outlets in two transactions.

McGovern Automotive, of Newton, Mass., on Oct. 20 purchased Money Volvo Vehicles of Albany in Colonie, N.Y., and Jaguar-Land Rover Albany from Eric Kahn.

The outlets are McGovern’s 1st JLR and Volvo dealerships, CEO Matt McGovern verified. The Volvo dealership was renamed McGovern Volvo Vehicles Albany, even though the JLR dealership’s identify stays.

McGovern’s brand name portfolio ranges from mass-market place to Ferrari, but he claimed Land Rover and Volvo were being massive holes in the lineup.

“We have been incredibly intrigued by people manufacturers and required to receive them as quickly as feasible,” McGovern, an car retail veteran who co-started New England’s Primary Motor Team, instructed Automotive Information.

Albany, New York’s cash, is a new market place for McGovern Automotive, which also has dealerships on Very long Island in addition to outlets in Massachusetts and New Hampshire.

“It can be undoubtedly further more absent from our main team of outlets,” McGovern claimed. “But it really is worthy of the vacation to get common with these two manufacturers. That is what seriously [has] been my very best resource of acquisitions is in just the manufacturers them selves. So get in, complete effectively for the brand name, fix challenges for the brand name, and you can usually get other outlets from them.”

Nate Klebacha, a lover with Haig Associates, a acquire-provide business in Fort Lauderdale, Fla., represented Kahn in the transaction. Kahn continue to owns 4 dealerships in New York, Haig Associates pointed out.

“The sale of the outlets is bittersweet,” Kahn claimed in a assertion. “Money Volvo was my 1st shop I was happy of the staff we designed and the results we experienced the two there and at Jaguar-Land Rover Albany. On the other hand, I determined it was the correct time to aim my energies and methods on … outlets that I possess in the mid-Hudson Valley and Syracuse.”

The Albany acquisition was McGovern Automotive’s 1st considering the fact that it bought a Massachusetts Stellantis dealership in June, McGovern verified.

McGovern Automotive this thirty day period also purchased a Kia dealership around Boston.

McGovern acquired Dan O’Brien Kia Norwood from Dan O’Brien of Dan O’Brien Car Team on Nov. seven. The shop was renamed McGovern Kia of Norwood.

O’Brien sold a Subaru store in New Hampshire in September and a Massachusetts Nissan dealership in May possibly. O’Brien was named to Automotive News’ 40 Under 40 class in 2018.

As with the Jaguar-Land Rover and Volvo offer, Kia is a new brand name for McGovern Automotive.

“It can be certainly a incredibly warm brand name these times [and has] arrive a extensive way in the past two, a few many years,” McGovern claimed. “That was a further gap in our portfolio. That one particular, the good thing is, was incredibly near to house.”

Subsequent the acquisitions, McGovern has a whole of 23 new- and utilized-car or truck dealerships.

Nancy Phillips Associates, a acquire-provide business in Exeter, N.H., represented O’Brien in the Kia transaction.

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