Fuller brothers sell Stellantis retailer in California
Two brothers ended a a few-technology operate in the auto retail enterprise with the July 12 sale of Hunter Dodge-Chrysler-Jeep-Ram-Fiat in Lancaster, Calif., in accordance to Gary Mull of purchase-offer agency Nationwide Organization Brokers.
Tim and Tom Fuller of H.W. Hunter Inc. in Lancaster offered the dealership to David Massoudi of Axis Automotive Team, he said. Lancaster is north of Los Angeles.
The business had been family owned considering that 1944 when the Fuller brothers’ grandfather Hank Hunter bought a Dodge and Plymouth dealership. The Stellantis keep afterwards moved to an upgraded facility in the Lancaster Automobile Shopping mall. Tim and Tom Fuller, who joined the company in 1997, took over the retail outlet following their father died in 2002.
Simply because they had no spouse and children customers out there to pass the organization on to, the brothers decided to offer the retail store and retire.
“We have been shocked at how swiftly this deal came with each other,” Tim Fuller reported in a assertion.
Massoudi is manager of Axis Automotive in Mission Hills, Calif., Mull confirmed. The Lancaster order provides a fourth shop to the group’s portfolio that incorporates Nissan suppliers in Costa Mesa, Gardena and Mission Hills, Mull said.
Mull and Brady Schmidt, co-CEOs of Countrywide Business enterprise Brokers, handled the transaction.
Serpentini brothers grow holdings in Florida
Brothers Ryan Serpentini and Robert Serpentini III included a second Florida retail store to their portfolio with the Might 6 order of Delray Mitsubishi in Delray Beach front from Rod Rifai of Luxury-General performance Automotive Group.
The shop was renamed Efficiency Mitsubishi. Delray Beach is on Florida’s southeast coast.
Serpentini III said the brothers also individual Performance Nissan in Pompano Beach, about 20 miles south of Delray Seaside.
Whilst the brothers have and work the Effectiveness stores independently in southeast Florida, they are below the umbrella of Serpentini Auto Group in Cleveland, a enterprise started off by their father 40 many years ago, Serpentini III stated.
Immediately after graduating from Florida Atlantic University in 2010, Serpentini III mentioned he preferred the location and wished to stay. He and his brother bought the Nissan shop in 2013. The most recent acquire appeared like a fantastic go to diversify their holdings, he mentioned.
“It is heading genuinely properly,” Serpentini III told Automotive News. He claimed they held the store’s initial employees and additional people today, way too. They also have ideas to modernize the setting up in the next 6 months.
Serpentini III is supplier principal of both retailers.
Luxurious-General performance Automotive Group is centered in Miami. Bob Morris of Tim Lamb Team, a Columbus, Ohio acquire-promote company, represented Luxury-General performance in the transaction.
Empire Automotive purchases Chevrolet dealership
Empire Automotive Group of Huntington Station, N.Y., included its fourth dealership in just more than sixth months when on June 20 it acquired Robert Chevrolet in Hicksville, N.Y., from Robert and Scott Brown.
Robert Brown and his son Scott Brown were being next- and third-technology house owners of the shop that Robert Brown’s father originally opened in the early 1960s, in accordance to Joseph Gentile, common counsel for Empire Automotive.
Empire Automotive renamed the dealership Empire Chevrolet of Hicksville. Hicksville is a hamlet on Extensive Island.
Robert Brown planned to retire following the sale of the family’s only retail store, although Scott Brown stayed on as typical supervisor, Gentile instructed Automotive News in an electronic mail.
Gentile claimed Empire kept all personnel immediately after the sale, with plans to add much more individuals, and has started enlarging the showroom.
In December 2021, Empire procured a Volvo dealership in St. James, N.Y., and a Buick-GMC-Cadillac dealership in Extended Island Metropolis, N.Y. In April 2022, the organization opened Empire Hyundai of Jamaica, an open-place dealership. The company also is in deal to add two New York dealerships by the finish of the year, Gentile said.
Empire CEO Michael Brown — no relation to Robert or Scott Brown — is “intrigued in any and all specials which he feels make excellent business enterprise feeling in the continued development of the Empire Automotive Group,” Gentile mentioned. Brown also variables in a dealership’s name and Robert Chevrolet in good shape their desires.
“Robert Chevrolet created a excellent standing for the Chevrolet model in their sector, so when the option arrived up to purchase the dealership, it was a no-brainer,” Gentile reported.
Empire Automotive ranks No. 98 on Automotive News‘ listing of the top rated 150 dealership teams primarily based in the U.S., retailing 10,559 new autos in 2021.