Driving the news: Clay Cooley Auto Group completed a multi-store acquisition from The CAR Group in a deal that closed July 20.
For context: Sold were Norman Reeves Honda, Norman Reeves Mazda, and Norman Reeves Genesis, in Irving, Texas.
The dealerships were renamed Clay Cooley Mazda, Clay Cooley Hyundai, and Clay Cooley Genesis.
Pinnacle Mergers & Acquisitions represented The CAR Group in the transaction.
What they're saying: Clay Cooley, president and CEO of Clay Cooley Auto Group, said in a release that they’re excited to build on the established Norm Reeves foundation.
"These are exceptional dealerships with strong teams and loyal customer bases,” Cooley said.
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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