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Dealership M&A roundup: Ken Ganley expands in Cleveland, Group 1 sells 6 Texas stores

Ken Ganley Automotive Group has expanded its portfolio in Cleveland, Ohio, after buying Bob Gillingham Ford, now known as Ken Ganley Ford Parma, and two more luxury dealerships. Meanwhile, the group sold its Ken Ganley Chrysler-Dodge-Jeep-Ram London store to Bridget Reinberger. These buy/sell deals not only strengthen Ganley’s foothold in Cleveland but also provide Reinberger with a valuable opportunity to grow her dealership holdings in Ohio.

The G1 Group sold Zeller Ford in Arkansas City, Kansas, to Blake and Austin Salinas in another notable dealership transaction. The Salinas brothers, who also own Friendly Ford of Crosby in Texas, intend to rename the dealership Friendly Ford of Arkansas City. The acquisition is notable as it adds to the brothers’ growing portfolio in the automotive retail industry.

Further west, Eve Knudtsen, President and Owner of Knudtsen Chevrolet, has acquired Foothills Lincoln Mazda in Spokane, WA, from owners Rick Rielly and Ray Kish. Following the sale, the dealership was renamed Knudtsen Foothills Mazda and Knudtsen Foothills Lincoln. Founded in 1981, Foothills Lincoln Mazda has been a community staple, with its founders deeply involved in various charitable endeavors. Knudtsen, a family business with a long history of community engagement, has acquired the dealership. It promises to continue the dealership’s legacy of family values and community service. The dealership is in the Foothills Auto Mall. It has extensive facilities and a significant presence.

Doggett Automotive Group, part of Houston-based Doggett Industries, has more than doubled in size by acquiring six dealerships in Beaumont, Texas, increasing its total store count to 11. The acquisition from Group 1 Automotive included Mercedes-Benz, Honda, Chrysler Dodge Jeep Ram, Volkswagen, Nissan, and BMW dealerships, formerly known as the Mike Smith Auto Complex, contributing to an annual revenue of around $300 million. While the purchase price was not disclosed, the BMW dealership alone was bought in an all-cash deal, reportedly exceeding $150 million.

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