Ken Ganley Automotive Group expanded its luxury portfolio with the acquisition of two Lexus dealerships: Metro Lexus in Cleveland and Lexus of Akron-Canton in Akron, Ohio, from Friedkin Group. The purchase, completed on August 25, 2025, represents one of the group’s most significant acquisitions and fulfills a longtime goal for CEO Ken Ganley to operate Lexus stores near the company’s headquarters.
Deal Details:
Seller: Friedkin Group (Ascent Automotive Group)
Buyer: Ken Ganley Automotive Group
Transaction Date: August 25, 2025
Rebranded Dealerships:
- Metro Lexus → Lexus of Cleveland
- Lexus of Akron-Canton → Lexus of Akron-Canton (name retained)
Advisor/Facilitator: Kerrigan Advisors (sell-side advisors)
