TSLA422.240-21.06%
GM74.860-2.89%
F13.410-1.07%
RIVN13.790-0.73%
CYD50.000-1.02%
HMC26.1800.51%
TM190.6800.18%
CVNA67.170-2.36%
PAG162.180-6.88%
LAD261.920-12.84%
AN184.150-8.5%
GPI313.620-20.71%
ABG179.170-13.92%
SAH73.960-3.88%
TSLA422.240-21.06%
GM74.860-2.89%
F13.410-1.07%
RIVN13.790-0.73%
CYD50.000-1.02%
HMC26.1800.51%
TM190.6800.18%
CVNA67.170-2.36%
PAG162.180-6.88%
LAD261.920-12.84%
AN184.150-8.5%
GPI313.620-20.71%
ABG179.170-13.92%
SAH73.960-3.88%
TSLA422.240-21.06%
GM74.860-2.89%
F13.410-1.07%
RIVN13.790-0.73%
CYD50.000-1.02%
HMC26.1800.51%
TM190.6800.18%
CVNA67.170-2.36%
PAG162.180-6.88%
LAD261.920-12.84%
AN184.150-8.5%
GPI313.620-20.71%
ABG179.170-13.92%
SAH73.960-3.88%

Blackstone Automotive acquires four Fresno dealerships from Michael Auto Group

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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