Jeff Wyler Automotive buys 7 dealerships from Superior Automotive
Jeff Wyler Automotive Family Inc. of Milford, Ohio, has acquired seven dealerships from Superior Automotive Group in its largest-ever acquisition, including to its presence within the Buckeye State by means of a number of import manufacturers and its first Acura dealerships.
The transaction, which closed Thursday, was for 3 Hyundai dealerships, two Acura shops and Kia and Honda retailers: Superior Acura in Fairfield, Superior Honda in Cincinnati, Superior Kia in Cincinnati, Superior Hyundai North in Fairfield, Superior Hyundai South in Cincinnati, Superior Acura of Dayton in Centerville and Superior Hyundai of Beavercreek, all in Ohio.
“We’re excited to deliver these seven Superior dealerships into the Jeff Wyler Automotive Household. We all know one path — ahead — as we proceed to develop and lead the market not solely in Cincinnati, however nationwide,” Jeff Wyler President David Wyler stated in a press release. “Our focus is to not solely develop, however to additionally turn into extra client going through yearly and the addition of those dealerships means a good bigger choice of stock for our buyers regionally and throughout the U.S.”
The Jeff Wyler group now has 23 dealerships in Ohio, Kentucky and Indiana.
The dealerships had been renamed Jeff Wyler Acura of Fairfield, Jeff Wyler Acura of Dayton, Jeff Wyler Hyundai of Fairfield, Jeff Wyler Superior Hyundai, Jeff Wyler Superior Honda, Jeff Wyler Hyundai of Beavercreek and Jeff Wyler Superior Kia.
A used-vehicle dealership, Mike Albert Gross sales & Service in Cincinnati, was not a part of the transaction, stated Kevin Frye, Jeff Wyler Automotive’s advertising director. Phrases of the transaction weren’t disclosed.
The acquisition would add about $400 million in annual income and about 10,000 annual automobile gross sales, based on a Cincinnati Enterprise Courier report.
Superior Automotive, of Cincinnati, was based in 1924, based on Haig Companions, a buy-sell agency in Fort Lauderdale, Fla., which represented the vendor within the transaction. Kevin Nill and Alan Haig had been brokers.
“I’m blissful the Wylers are shopping for the shops as I do know they’ll proceed to construct on the legacy our household has created,” stated John Betagole, president of Superior Automotive, in a press release.
The transaction follows Jeff Wyler’s December purchase of Mercedes-Benz of Louisville in Kentucky.
Jeff Wyler Automotive ranks No. 38 on Automotive Information‘ most up-to-date listing of the highest 150 dealership teams primarily based within the U.S., with 21,592 new-vehicle retail gross sales in 2020. The group stated its new- and used-vehicle gross sales mixed topped 45,000 final yr.