Driving the news: Scott Gruwell, CEO of Courtesy Automotive Group, purchased two dealerships in a deal that closed Aug. 31.
For context: Courtesy Automotive acquired Watson Chevrolet and Infiniti of Tucson in Tucson, Arizona.
The sellers weren’t disclosed by reporting parties.
Social media pages for the dealerships appear to show the Watson family as prior owners.
The dealerships were renamed Courtesy Chevrolet of Tucson and Courtesy Infiniti of Tucson.
Pinnacle Mergers & Acquisitions represented the sellers in the transaction.
What they’re saying: Gruwell said in a release that his group is excited to build on “the dealerships’ strong foundation, supporting their teams and continuing to serve customers throughout the Tucson community.”
“We’re excited to welcome these Chevrolet and Infiniti dealerships to the Courtesy family and expand our presence in Tucson,” Gruwell 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.
OUTSMART THE CAR MARKET IN 5 MINUTES A WEEK
Get insights trusted by 55,000+ car dealers. Free, fast, and built for automotive leaders.
A quick word from our partner
Blue sky multiples tell you what the market thinks a franchise is worth.
They don’t tell you what’s driving the revenue underneath.
That’s where the Franchise Horsepower Index comes in, one of the proprietary tools in the Haig Report®, offering our take on the data shaping today’s buy-sell market.
This quarter, Lexus, BMW, Toyota and Mercedes-Benz posted scores more than double the market average.
See how your franchise compares in the Q2 Haig Report®.
