TSLA382.7007.7%
GM82.7300.48%
F12.170-0.08%
RIVN13.960-0.37%
CYD29.8200.75%
HMC32.7000.22%
TM185.300-0.7%
CVNA63.7300.53%
PAG196.160-1.89%
LAD290.2401.37%
AN157.3800.31%
GPI232.010-4.6%
ABG167.600-1.36%
SAH60.560-0.95%
TSLA382.7007.7%
GM82.7300.48%
F12.170-0.08%
RIVN13.960-0.37%
CYD29.8200.75%
HMC32.7000.22%
TM185.300-0.7%
CVNA63.7300.53%
PAG196.160-1.89%
LAD290.2401.37%
AN157.3800.31%
GPI232.010-4.6%
ABG167.600-1.36%
SAH60.560-0.95%
TSLA382.7007.7%
GM82.7300.48%
F12.170-0.08%
RIVN13.960-0.37%
CYD29.8200.75%
HMC32.7000.22%
TM185.300-0.7%
CVNA63.7300.53%
PAG196.160-1.89%
LAD290.2401.37%
AN157.3800.31%
GPI232.010-4.6%
ABG167.600-1.36%
SAH60.560-0.95%

Ken Ganley acquires two Lexus dealerships in Northeast Ohio

profile
By CBT News Editorial Team August 26, 2025
Ken Ganley Automotive Group expanded its luxury portfolio with the acquisition of two Lexus dealerships from Friedkin Group.

Image Source | Lexus of Akron-Canton

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.

Sign up for CBT News’ daily newsletter and get the latest industry stories delivered straight to your inbox.

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)

Read More
Keating Auto Group

Keating Auto Group acquires Steele South Loop Hyundai in Houston

Moe Fahmy

Moe Fahmy expands with Glory Nissan acquisition in Las Vegas

Island Auto Group, led by dealer principal Josh Aaronson, has officially acquired the historic Honda of the Bronx in New York.

Island Auto Group expands to historic Honda of the Bronx, eyes growth opportunities – Josh Aaronson

Tags

More from Daily Automotive News
Your car may be recording your texts – and selling your driving data

Your car may be recording your texts – and selling your driving data

- October 9, 2026
Your car may be collecting far more than the miles on your odometer. Depending on the vehicle and connected services, it can capture information about where you drive, how you...
Daily Automotive News Articles
DOCS Dealership Group

DOCS Dealership Group acquires Downtown Ford Sacramento from Price family

- October 8, 2026
DOCS Dealership Group has acquired Downtown Ford Sacramento from Price Family Dealerships, entering the Sacramento market with the purchase of a dealership that has operated since 1911. The store has...
Mergers & Acquisitions Tracker Daily Automotive News
The car dealer looks real. The website is a lie

The car dealer looks real. The website is a lie

- October 7, 2026
You found the car. The price is right, the pictures look great, the VIN checks out and the dealership website looks completely legitimate. There is only one problem: the dealership...
Daily Automotive News Articles
Grace Motorcars acquires Audi and Volkswagen dealerships in Los Angeles

Grace Motorcars acquires Audi and Volkswagen dealerships in Los Angeles

- October 6, 2026
Grace Motorcars has acquired Audi Downtown LA and Volkswagen of Downtown LA from Lithia & Driveway in a transaction that closed September 28, 2026. The two dealerships share a Downtown...
Mergers & Acquisitions Tracker Daily Automotive News

Latest Articles

Weekly roundup: FTC drops Asbury price transparency case, Unifor sets Stellantis strike vote, Ford gains retail share as overall sales dip
Latest Articles 10/10/26

Weekly roundup: FTC drops Asbury price transparency case, Unifor sets Stellantis strike vote, Ford gains retail share as overall sales dip

What could happens if Chinese vehicles come to the U.S.
Latest Articles 10/09/26

What could happen if Chinese vehicles come to the U.S.

Bob Kain passes the torch to new dealership owner after 66 years 
Latest Articles 10/09/26

Bob Kain passes the torch to new dealership owner after 66 years 

Your car may be recording your texts – and selling your driving data
Latest Articles 10/09/26

Your car may be recording your texts – and selling your driving data

FTC targets Greenway over hidden fees, Honda tests wireless EV charging, Chevrolet updates models
Latest Articles 10/09/26

FTC targets Greenway over hidden fees, Honda tests wireless EV charging, Chevrolet model updates

FTC targets Greenway Auto Group over $3,350 in alleged hidden fees
Latest Articles 10/09/26

FTC settles with Greenway Auto Group over alleged $3,350 hidden fees

Honda targets 2027 for wireless in-motion EV charging tests
Latest Articles 10/09/26

Honda targets 2027 for wireless in-motion EV charging tests

Chevrolet adds Z71 off-road trim and safety upgrades to 2027 Trax and Trailblazer
Latest Articles 10/09/26

Chevrolet adds trim options and safety upgrades to 2027 Trax and Trailblazer

Bestselling car prices hit new record, CDK reports 
Latest Articles 10/09/26

Bestselling car prices hit new record, CDK reports 

automakers
Latest Articles 10/09/26

Can American automakers navigate tariffs, EVs, and autonomy?

CBT News
Powered by  GDPR Cookie Compliance (opens in a new tab)
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.