TSLA352.840-4.61%
GM80.470-0.17%
F12.310-0.07%
RIVN14.9700.18%
CYD32.6100.17%
HMC32.090-0.4%
TM186.710-1.59%
CVNA63.6203.15%
PAG201.780-5.44%
LAD289.260-13.81%
AN156.800-4.56%
GPI240.930-1.3%
ABG173.950-5.73%
SAH59.850-2.6%
TSLA352.840-4.61%
GM80.470-0.17%
F12.310-0.07%
RIVN14.9700.18%
CYD32.6100.17%
HMC32.090-0.4%
TM186.710-1.59%
CVNA63.6203.15%
PAG201.780-5.44%
LAD289.260-13.81%
AN156.800-4.56%
GPI240.930-1.3%
ABG173.950-5.73%
SAH59.850-2.6%
TSLA352.840-4.61%
GM80.470-0.17%
F12.310-0.07%
RIVN14.9700.18%
CYD32.6100.17%
HMC32.090-0.4%
TM186.710-1.59%
CVNA63.6203.15%
PAG201.780-5.44%
LAD289.260-13.81%
AN156.800-4.56%
GPI240.930-1.3%
ABG173.950-5.73%
SAH59.850-2.6%

Blackstone Automotive acquires four Fresno dealerships from Michael Auto Group

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By CBT News Editorial Team August 1, 2025
Blackstone

Image Source | Blackstone Automotive Group

In mid-June, four Fresno-area stores (Toyota, Chevy, Cadillac, VW) were sold by Mike Rosvold to Steve Cornelius and rebranded under the Blackstone name.

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Deal Details:

Seller: Michael Automotive Group (Mike Rosvold)
 Buyer: Steve Cornelius
 Transaction Date: June 2025
 Rebranded Dealerships:

  • Fresno Toyota → Blackstone Toyota of Fresno
  • Fresno Chevrolet → Blackstone Chevrolet of Fresno
  • Fresno Cadillac → Blackstone Cadillac of Fresno
  • Fresno Volkswagen → Blackstone Volkswagen of Fresno

Advisor/Facilitator: Pinnacle Mergers & Acquisitions

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