Rising Basis Automotive buys dealerships in Texas
Wichita Falls is northwest of Dallas, close to the Oklahoma border.
Kutschinski mentioned Basis renamed 4 of the dealerships: Basis Cadillac-Buick-GMC Wichita Falls, Basis Chrysler-Dodge-Jeep-Ram-Fiat Wichita Falls, Basis Hyundai Wichita Falls and Basis Kia Wichita Falls. The BMW dealership’s title stays the identical.
Jon Oeltjen, common gross sales supervisor, and Brad Rodgers, common supervisor, are staying on with Foundation as managing partners.
Oeltjen is managing accomplice for the Cadillac-Buick-GMC, Hyundai and the used-vehicle dealership and is common supervisor of the BMW retailer. Rodgers is managing accomplice of the Stellantis and Kia dealerships.
They every have possession stakes however Basis did not disclose percentages.
Patterson’s Honda and Mercedes-Benz dealerships in Wichita Falls weren’t included within the transaction, Kutschinski mentioned. Nor was Patterson of Bowie, a Ford-Chrysler-Dodge-Jeep-Ram dealership in Bowie, Texas.
The Texas buy marks Basis’s first acquisition since it bought a Hyundai store in Boulder, Colo., in July. In October, Basis sold a Honda dealership in Ohio.
Kutschinski this month advised Automotive Information that Basis additionally expects to buy a dealership in the Houston area in early March, plus four dealerships in Tennessee later that month.
Basis, of Calgary, Alberta, has a U.S. workplace in Houston. With the Wichita Falls acquisition, Basis has 22 franchised dealerships unfold throughout Colorado, North Dakota and Texas, in addition to three in Canada.