Driving the news: Patriot Buick-GMC in Killeen, Texas has been sold to Ancira Automotive Group after 34 years of operation.
For context: According to transaction advisor Haig Partners, seller John Kliewer built the dealership into a community fixture, particularly supporting military families near Fort Hood. Ancira Auto will retain all employees as part of the transition.
Why it matters: Kliewer cited the rapidly evolving automotive industry as a key factor in his decision to sell, noting "the environment is very different from when we first opened our doors." He felt it was time to pass the business to a group with "the resources, reach and expertise to thrive in this new era" of shifting expectations and increasing manufacturer demands.
What we're watching: There is growing buyer interest in Texas dealerships, particularly well-run GM franchises. Haig Partners' Dave Rowe said that "buyer demand across the state remains robust," with well-capitalized buyers from across the country looking to expand..
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