Driving the news: Eric Obaugh, president of his family’s namesake group, acquired a new dealership in Virginia from Matt McMurray in a deal that closed on Aug. 5.
For context: Charlie Obaugh Auto purchased Campus Ford in Waynesboro, Virginia, where the Appalachian Trail, Blue Ridge Parkway, and Shenandoah National Park intersect.
Obaugh renamed the store Charlie Obaugh Ford.
It’s the group’s first Ford dealership.
Performance Brokerage Services represented the buyers.
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Worth noting: Charles Obaugh Jr. founded the Staunton, Virginia-based group in 1976. Second-generation leader Eric Obaugh joined his father in the business in 1985, according to Performance Brokerage Services.
What they’re saying: “Waynesboro is right in our backyard,” Eric Obaugh said in a release. “And adding Ford to our lineup alongside our Chevrolet, GMC, Kia, and Mitsubishi stores in Staunton is a natural next step for our family.”
You can see this deal announcement and many more throughout the entire year by visiting the CDG Buy/Sell tracker at CDGbuysell.com, presented by Presidio.
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