Driving the news: FFUN Group, a Saskatoon, Saskatchewan-based automotive and powersports company, bought a Stellantis dealership from Scott Baugh in a deal that closed Nov. 6.
For context: Planet Chrysler, Dodge, Jeep, Ram, Fiat of Flagstaff, in that Arizona city.
It’s FFUN’s first automotive dealership in the United States.
Dave Cantin Group advised the buyers.
The dealership wasn’t widely marketed because the seller wanted confidentiality, according to DCG.
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What they’re saying: Alex Covino, managing director at DCG, said in a release that the firm helped FFUN learn the U.S. market and find a first acquisition that fit its expansion strategy.
“Entering the U.S. market is an important step for any international dealership group, and finding the right first acquisition matters,” Covino said.
Worth noting: FFUN owns dealerships across Canada that sell brands including Chrysler, Dodge, Ford, Kia and Hyundai.
The group’s powersports holdings include at least two stores selling Harley-Davidson.
Strategic note: DCG said the international deal reflects cross-border investment creating new sources of dealership capital, and Arizona’s appeal for automotive retail investment.
You can see this deal announcement and many more throughout the year by visiting the CDG Buy/Sell tracker at CDGbuysell.com, presented by The Presidio Group.
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