Driving the news: Brian Preston purchased a Stellantis store from Rob McGee of McGee Family of Dealerships in a deal announced Sept. 21.
For context: Preston acquired McGee Chrysler, Dodge, Jeep, Ram of Barre, in that central Vermont city.
He renamed the store Preston’s Chrysler, Dodge, Jeep, Ram of Barre.
Preston owns a Kia dealership in the city, and the domestic acquisition complements his portfolio, according to Nancy Phillips Associates, which advised on the transaction.
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What they’re saying: “The acquisition further strengthens [Preston’s] dealership portfolio and reinforces his commitment to serving customers throughout the region with an even broader selection of vehicles,” Nancy Phillips Associates said in a Sept. 21 LinkedIn post about the deal.
Strategic note: McGee, owner of McGee Family of Dealerships, now has 13 locations, according to Nancy Phillips Associates, which said in the social media post that “sale supports his strategic goal of consolidating his Vermont holdings in his primary market area.”
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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