Hyundai, Nissan, Honda and Toyota dealerships promote throughout 4 states

Integrity Automotive acquires Nissan retailer

Integrity Automotive Holdings of Mamaroneck, N.Y., expanded once more with the July 25 buy of its third Nissan retailer, shopping for a dealership in Springfield, N.J., from World Auto Group and Chris Preziosi.

Jeffrey Weiner and Michael Ianelli of Integrity Automotive purchased Nissan World of Springfield in New Jersey, which they renamed Nissan Metropolis of Springfield.

It is the third Nissan retailer acquired by Integrity Automotive and the second bought from World Auto, in accordance with Weiner, Integrity Automotive’s CEO. Integrity Automotive in Might 2021 bought a Nissan retailer in Pink Financial institution, N.J., from World Auto.

The Integrity group now has 5 dealerships unfold all through the New York metropolitan space, together with New Jersey, with two further acquisitions in progress that the corporate hopes to finalize by 12 months’s finish, Weiner stated.

Weiner stated the group selected to purchase the Springfield Nissan retailer due to its location.

“Route 22 in Springfield, N.J., is a superb place to promote vehicles,” Weiner stated. “It is a high-traffic space and we anticipate it to be one of many best-performing Nissan shops within the nation.

“It is a actually nice retailer with all the things going for it.”

Springfield is about 25 miles west of the New York state line.

Weiner, who’s supplier principal of the brand new Nissan retailer, stated that whereas they may add employees, no different main adjustments are deliberate.

Former common supervisor and companion purchase Honda retailer

Veteran dealership government common supervisor Vladimir Rajcic and co-owner Bob Kashani bought their first new-car dealership, RocketTown Honda in Lompoc, Calif., in June.

The dealership’s title refers back to the metropolis’s nickname, primarily based on the close by Vandenberg Area Power Base, previously an Air Power base. Lompoc is in Santa Barbara County.

“I used to be on the lookout for a Honda dealership,” Rajcic stated in a cellphone interview, including that he has expertise working Honda shops. Rajcic stated he beforehand labored for Rohrman Automotive Group of Lafayette, Ind., at dealerships in Illinois representing a number of completely different manufacturers.

The Honda transaction closed June 15 and the vendor was supplier Chris Zikakis. RocketTown Honda was his solely dealership, in accordance with John Chisholm of dealership brokerage agency Supplier Options Mergers and Acquisitions, with U.S. headquarters in Stuart, Fla.

Kashani, an actual property developer, owns a considerable however minority share of the Honda retailer, stated Chisholm, vice chairman of Canadian gross sales at Supplier Options Mergers and Acquisitions since January. He beforehand was the corporate’s chief growth officer.

Chisholm represented the vendor within the transaction, however stated he labored intently with each events.

“Loads of stars lined up” to make the deal occur, Chisholm stated, together with “the worth of the true property [and] the whole value of the package deal.”

Invoice Penney provides Toyota dealership

Invoice Penney Motor Co. within the first quarter expanded its holdings in Jasper, Ala., shopping for Scott Crump Toyota from Scott Crump, in accordance with the Every day Mountain Eagle newspaper.

The transaction closed on Feb. 22, Southeast Toyota Distributors, the distributor for Toyota shops in 5 Southeast states together with Alabama, confirmed to Automotive Information.

The group renamed the dealership Invoice Penney Toyota of Jasper. Jasper is northwest of Birmingham.

This marks the group’s third retailer in Jasper and its second Toyota dealership, with the opposite in Huntsville, Ala.

Invoice Penney Motor, through companions Zack Penney, Hunter Johnson and Ryan Hensley, additionally acquired Chrysler-Dodge-Jeep-Ram of Jasper and Ford of Jasper in Alabama from Automotive Group of Jasper. Invoice Penney Motor additionally has a Mitsubishi retailer in Huntsville, in accordance with its web site.

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