A freshly formed group purchased its first dealership, another snagged its fourth store in Oklahoma, two stores selling General Motors vehicles traded hands, and a Ford dealership got new ownership in transactions that closed in the third and fourth quarters of 2022 and the first quarter of this year.
Here’s a look at the deals involving domestic dealerships in Michigan, Oklahoma, Indiana and New York.
One transaction involved a retailer ranked on Automotive News’ list of the top 150 dealership groups.
Maxey family buys Fowlerville Ford
The Maxey family on Nov. 10 acquired Fowlerville Ford in Michigan from Ken Hagar, according to Mike Maxey, owner-operator of the store renamed Bob Maxey Ford in Fowlerville.
The dealership “is kind of a consolidation between the Fowlerville location and my Howell location,” Maxey told Automotive News.
Maxey said the Fowlerville store offers service and used-car sales and is a satellite location to Bob Maxey Ford of Howell. Fowlerville is about 12 miles northwest of Howell and 60 miles west of Detroit, where Bob Maxey has Ford and Lincoln dealerships.
Windy Automotive adds Chevy store
Windy Automotive Group Inc. last summer acquired a Chevrolet dealership in Oklahoma to grow to four stores in the state.
The Oklahoma City group on Aug. 1 bought Stephanie Morris Chevrolet in Okmulgee, south of Tulsa, from dealer Stephanie Morris, said Tony Booth, Windy Automotive’s CEO.
The store was renamed Windy Chevrolet.
Morris bought the store in May 2021, becoming a first-time dealer. She bought two Nissan dealerships last year: one in Sedalia, Mo., and one in Durango, Colo.
The August deal marked Windy Automotive’s second acquisition of 2022. In February 2022, the group bought Zeck Chevrolet in Purcell, Okla. It also sold Windy Chevrolet in Ellensburg, Wash., in April 2022.
Hicks Management & Consulting Inc., an Arlington, Texas, buy-sell firm, represented the seller in the August transaction.
Hunter Automotive acquires first store
Jed Hunter and John Paul Strong of newly formed Hunter Automotive purchased their first store late last year from Jeff Southworth. Hunter’s wife, Meghan Hunter, also was a buyer.
They closed on the former Southworth Ford in Marion, Ind., on Dec. 30. It was renamed Hunter Ford.
Marion is in central Indiana, north of Indianapolis.
Jed Hunter told Automotive News that he and Strong had been looking to buy a store together since a previous acquisition fell through in 2020, in the midst of the COVID-19 pandemic.
Gary Russo, president of the Team Russo firm, whom Hunter knew when he worked for Penske Automotive Group Inc., facilitated the transaction, Jed Hunter said.
“Russo introduced me to Southworth, and we got along, and we thought it was a good price, and we bought the store,” he said.
Jed Hunter said there have been minor staff changes, including hiring technicians and service advisers, plus making some internal promotions. The store’s Quick Lane also reopened, he added.
Before buying the dealership, Jed Hunter was CEO of Allegiance Trucks and previously worked as COO for West Herr Automotive Group, according to his LinkedIn profile.
At Penske, he was an area vice president of Cleveland and Minneapolis and worked as a general manager.
He said he has always been drawn to the car business, and he and Meghan Hunter had been saving to buy a dealership for almost 24 years.
“We are super proud to be owners, and we’re thrilled to be Ford dealers in Marion,” he said.
Strong is owner of Strong Automotive Merchandising, a privately owned automotive advertising and marketing company in Birmingham, Ala.
Hunter Automotive is open to future acquisition opportunities, Jed Hunter said.
“We’ve got work to do at our core store here, but obviously, we’re looking to grow,” he said.
Garber Automotive buys two New York dealerships
Garber Automotive Group has purchased two stores in Canandaigua, N.Y., selling General Motors brands.
The auto retailer on Feb. 27 acquired Farnsworth Chevrolet, Randall Buick-GMC-Cadillac and a collision center from Randall Farnsworth Auto Group, a family-owned business in Canandaigua, southeast of Rochester.
Garber Automotive renamed the stores Garber Randall Chevrolet and Garber Randall Buick-GMC-Cadillac.
The stores’ former owner, Randy Farnsworth, will stay as executive manager of the Chevrolet store, while Alexandra Farnsworth, his daughter, will be executive manager of the Buick-GMC-Cadillac dealership.
The Farnsworth family has operated its dealerships in Canandaigua since 1917.
In a LinkedIn post, Alexandra Farnsworth said the new ownership will be “a natural fit for us, given the Garber family’s history, longevity and stellar reputation as a family-owned business. Their shared cultural values for customer and employee relations and their community-oriented mindset were all important to us.”
Garber retained the dealerships’ current staff and will hire new employees, Garber CFO Patrick Hengesbach told Automotive News in an email.
Garber Automotive, of Saginaw, Mich., operates stores in New York, Florida, Illinois, Indiana, South Carolina and Michigan.
It also operates RightWay Auto Sales, a network of more than 50 used-car stores in six Midwestern states, and Gateway Financial Solutions, which offers used-vehicle loans.
Garber Automotive ranks No. 77 on Automotive News‘ list of the top 150 dealership groups based in the U.S., with retail sales of 12,052 new vehicles in 2022.
President Richard Garber was honored as a Time Dealer of the Year nominee this year. He is the third generation to run the family business, which launched in 1907.