Driving the news: AutoNation Inc. acquired Toyota of Newnan from Tameron Automotive Group, owned by Danny Braden and Rob Gallik, in a deal that closed June 8.
For context: Toyota of Newnan is located in Newnan, Georgia, about 30 miles south of Atlanta.
The store earns about $200 million in annual revenue, and retails about 4,900 new and used vehicles.
The public retailer renamed the store AutoNation Toyota Newnan.
Kerrigan Advisors represented the sellers. They said this marked the 40th Toyota franchise they have sold since 2015.
Worth noting: AutoNation was the largest Toyota dealer in the U.S. by new vehicle sales volume combined for Toyota and Lexus brands in 2025, according to a press release.
AutoNation said it now owns 19 stores in Georgia.
Braden said in a release that the divestiture will allow the group, based in Birmingham, Alabama, to refocus on their home market.
What they're saying: AutoNation CEO Mike Manley said in a release that he is delighted to add another Toyota store to the group’s portfolio, which now includes 21 stores selling the brand.
"This acquisition reflects our approach to growth through the addition of great assets in great markets, building density which yields additional group synergies and drives value creation for our shareholders,” Manley said.
Tameron co-owner Danny Braden said the timing was right to refocus on the group's home market in Birmingham.
Bottom line: Erin Kerrigan, managing director of Kerrigan Advisors, said a recent study conducted by her firm showed that 86% of dealers have a high level of trust in the Toyota franchise, more than 20 percentage points higher than the nearest non-luxury competitor.
"In a metro growing as fast as Atlanta, a market-leading store like Toyota of Newnan drew intense competition, resulting in premium blue sky pricing," Kerrigan said.
You can see this deal announcement and many more throughout the entire year by visiting the CDG Buy/Sell tracker at CDGbuysell.com, powered by:
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