October saw significant activity in dealership acquisitions across the country, with four major transactions taking place from Texas to New York. Some dealerships were acquired by larger holding groups, while others transitioned ownership from one family-run group to another. 

Notable October 2024 Dealership Transactions

Clay Cooley Auto Group purchases three Don Davis Dealerships in Arlington, TX  

On October 3, 2024, Clay Cooley Auto Group acquired three dealerships from Don Davis Auto Group in Arlington, Texas. The transaction included Don Davis Ford, Don Davis Nissan, and Don Davis Chrysler-Dodge-Jeep-Ram.

Clay Cooley Auto Group proudly marked its 25th anniversary in 2023. The group’s portfolio includes Nissan, Chevrolet, Mitsubishi, Kia, Volkswagen, Hyundai, Cadillac, Chrysler, Dodge, Jeep, and RAM, with locations spanning North Texas and the Dallas-Fort Worth area¹.
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Buyer: Clay Cooley Auto Group
Seller: Don Davis Auto Group
Transaction Date: 10-3-2024
Dealerships Locations:  Arlington, TX
Dealership Old Names:

• Don Davis Ford in Arlington, TX
• Don Davis Nissan in Arlington, TX
• Don Davis Chrysler-Dodge-Jeep-Ram  in Arlington, TX

Dealership New Names: 

• Clay Cooley Ford
• Don Davis Nissan
• Clay Cooley Chrysler-Dodge-Jeep-Ram Arlington

Mike and Judy Mangold Buys Anderson Ford of Clinton from Randy and Ann Anderson

On October 3, 2024, Mike and Judy Mangold acquired Anderson Ford of Clinton in Illinois from Randy and Ann Anderson. Following the acquisition, the dealership has been rebranded as Mangold Ford of Clinton.

The Mangold family has proudly run Mangold Ford in Eureka since 1956. Mangold Ford has earned the prestigious President’s Award from Ford Motor Company for 21 consecutive years, recognizing the dealership’s commitment to excellence. Mangold plans to continue Anderson’s Ford Motorsport line, an important aspect of the dealership’s offerings².

Buyer: Mike and Judy Mangold
Seller: Randy and Ann Anderson
Transaction Date: 10-3-2024
Dealership Location:  Clinton, IL
Dealership Old Name: 

• Anderson Ford of Clinton in Illinois

Dealership New Name: 

• Mangold Ford of Clinton

Robert Certilman and Lee Certilman sell to Staluppi Auto Group

On October 8, 2024, Staluppi Auto Group completed the purchase of Nardy Honda Smithtown and Smithtown Acura from Robert Certilman and Lee Certilman. Under the new ownership, the dealerships have been renamed Advantage Honda and Advantage Acura³.

Buyer: Staluppi Auto Group
Seller: Robert Certilman and Lee Certilman
Transaction Date: 10-8-2024
Dealership Locations: St James, NY
Dealership Old Name: 

• Nardy Honda Smithtown
• Smithtown Acura
  

Dealership New Name: 

• Advantage Honda and Advantage Acura

Beyer Auto Group Sells to Open Road Capital 

On October 11, 2024, Open Road Capital acquired five dealerships from the Beyer Auto Group. The transaction includes Beyer Volvo Cars of Falls Church, Beyer Volvo Cars Dulles, Beyer Kia Falls Church, Land Rover Alexandria, and Beyer Subaru in Alexandria, all located in Virginia. The dealerships will retain their existing names.

Open Road Capital is a team of seasoned automobile professionals that are  backed by private equity firm Bain Capital. Since its first dealership acquisition in 2017, Open Road has expanded its partnership portfolio to include over 30 dealerships as of 2023⁴.

Buyer: Open Road Capital
Seller: Beyer Auto Group
Transaction Date: 10-11-2024
Dealership Locations:  Virginia (Falls Church, Dulles, Alexandria)
Dealership Old Names: 

• Beyer Volvo Cars of Falls Church
• Beyer Volvo Cars Dulles
• Beyer Kia Falls Church
• Land Rover Alexandria
• Beyer Subaru in Alexandria

Dealership New Name:  

• Dealership will continue with existing names.  

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Sources 

1. "Clay Cooley Automotive Group." Clay Cooley, 31 Oct. 2024, www.claycooley.com/about-us/. Accessed 31 Oct. 2024.
2. "Mangold Eureka Buys Anderson Ford." The Clinton Journal, 4 Oct. 2024, theclintonjournal.com/stories/mangold-eureka-buys-anderson-ford,70878. Accessed 31 Oct. 2024.
3. "Dealership Buy Sell." Auto News, 4 Oct. 2024, www.autonews.com/buy-sell/. Accessed 31 Oct. 2024.
4. "Beyer Automotive Group of Virginia Sells Its Eight Dealerships." Haig Partners, 4 Oct. 2024, haigpartners.com/beyer-automotive-group-of-virginia-sells-its-eight-dealerships/. Accessed 31 Oct. 2024.