Driving the news: Bosak Auto Group, a century-old family business with nine dealerships across Northwest Indiana, has been sold in separate transactions to Victory Automotive Group and Graff Family of Dealerships, according to transaction advisor Haig Partners.
For context: What started as coal miner John Bosak's passion for "fixing cars" in 1926 grew into one of Indiana's largest auto groups under his grandchildren Greg, Skip, Theresa, and late brother Cary.
Victory Auto Group scooped up four dealerships (two Honda locations, plus Chrysler-Dodge-Jeep-Ram and Nissan stores) to expand its 58-dealership footprint.
Graff Family of Dealerships nabbed the remaining five locations, including Chevrolet, Ford, Kia, and Toyota franchises.
Why it matters: The deal likely represents the largest dealership group sale in Indiana history and the biggest in the U.S. this year, according to Haig Partners. It highlights how family businesses are cashing in on strong buyer demand for dealerships, which are seen as steady money-makers that weather economic storms better than most industries.
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