- June 28, 2022
- Posted by: Mainframe Consulting
- Category: Business Wire
NEW YORK–(BUSINESS WIRE)–DCG Acquisitions, a Dave Cantin Group Company, closed the transaction of Henderson Hyundai Superstore/Genesis to Lithia Motors Inc. This deal continues DCG’s record-breaking year in automotive dealership transactions. The Nevada state dealership will remain known as Henderson Hyundai Superstore, serving Henderson, Las Vegas, North Las Vegas, Enterprise and Paradise, Nevada. DCG represented both the seller Henderson Hyundai Superstore/Genesis and buyer Lithia Motors Inc. in this deal.
Lithia Motors, one of the largest automotive groups in the country, bought the Henderson Hyundai Superstore/Genesis from Frank Maione. This latest transaction resulted in Lithia Motors now owning a total of four Hyundai and two Genesis dealerships in Las Vegas, Nevada, all brokered by DCG Acquisitions.
“This latest deal we facilitated on behalf of Henderson Hyundai Superstore/Genesis and Lithia Motors is a prime example of how such acquisitions can increase the scale for automotive groups in competitive markets like Nevada. With every deal, we commit to connecting qualified buyers with motivated sellers and going beyond the transaction to handle every aspect, from valuation to future growth,” says George Pero, DCG Acquisitions’ National Vice President of Sales.
“Lithia Motors’ success and growth rely heavily on those we choose to partner with, and DCG Acquisitions takes that responsibility as seriously as we do. DCG is a trusted partner to Lithia and has successfully represented our acquisition and divestiture needs across the country,” says Bryan DeBoer, Lithia Motors’ President & CEO. “Dave and team are trusted advisors and true professionals that we look forward to relying on for years to come.”
“Dave Cantin, George Pero, and the DCG Acquisitions team executed a smooth transaction between Lithia Motors and Henderson Hyundai Superstore/Genesis of Henderson,” says Owner and President of Henderson Hyundai Superstore, Frank Maione.
About Dave Cantin Group
DCG, founded in 2018 and headquartered in New York City, today is one of the world’s largest and most successful automotive M&A firms. As a holding company, DCG is comprised of subsidiaries designed to support the firm’s mission to build, grow, enhance, and secure clients’ legacies in the automotive industry. DCG Acquisitions is the Mergers & Acquisitions arm specializing in automotive buy/sell transactions. DCG Capital provides capital-focused services for automotive dealers. DCG Media curates automotive-specific intelligence and data and disseminates information through various channels. DCG Giving is a nonprofit that aims to benefit child and adolescent cancer research and treatment nationwide. To learn more, visit www.davecantingroup.com
Published at Tue, 28 Jun 2022 18:30:00 +0000