This Automotive News function lists dealership acquisitions as reported by brokers, official announcements and news media. Although senior SEC officials leaving their posts to take higher-paying jobs with the organizations they formerly regulated” is absolutely nothing new in classic finance (wink, wink, nudge, nudge…the great ol’ boy network is alive and effectively!), it appears that the SEC has also firmly elbowed its way into the crypto space as effectively. These are the 1st U.S. dealerships for Knight Automotive.
Jennifer Rafael from Dealer Solutions Mergers and Acquisitions represented the seller in the transaction. ZT Motors, of Houston, ranks No. 144 on Automotive News’ list of the best 150 dealership groups primarily based in the U.S., retailing 6,268 new autos in 2021. Dan Leroy with the Cotton Bledsoe Tighe & Dawson law firm, in Midland, Texas, advised the seller in the transaction.
For the duration of, 1942-45 when there was no auto industry, Automotive News retained 73 % of its circulation. Keith E. Crain is the Editor-in-Chief of Automotive News and Chairman of the Board of Crain Communications Lengthy tenured Publisher Jason Stein stepped down in 2021 and was replaced by KC Crain. Torque News is an automotive news internet site by Hareyan Publishing, LLC, devoted to covering the newest news, testimonials and opinions about the car market.
DCG Acquisitions represented the Whalens in the transaction. This content material was paid for by an advertiser and developed by the Automotive News Content material Studio. These are Hudson Automotive’s 1st Mercedes-Benz dealerships. Lithia Motors Inc., which has outsized acquisition ambitions, acknowledged its 2022 pace of buying dealerships is faster than anticipated.
The $3.2 billion transaction integrated 54 new-vehicle dealerships, seven employed-automobile dealerships, a utilised wholesale organization, 11 collision centers, finance and insurance provider Total Care Auto and a marketing agency. Sign up and get the greatest of Automotive News delivered straight to your e mail inbox, free of charge. Automotive IT was began in 1997 focusing on the auto IT sector and options.