Driving the news: Hiley Automotive Group has acquired Lakeside Chevrolet in Rockwall, Texas, from the Grady family, marking the group's first Chevrolet franchise and first domestic brand.
For context: The dealership, now renamed Hiley Chevrolet, brings the family-owned group to 11 locations in the Dallas-Fort Worth area plus three in Huntsville, Alabama.
Performance Brokerage Services advised on the transaction between the Hiley brothers and sellers Carol Grady, Michael Grady, and Bob Holliman.
Why it matters: Hiley has built its business entirely around import brands for over three decades, so adding Chevrolet opens up a completely different customer base.
What they’re saying: “We’ve had many people approach us over the years,” Carol Grady said of the sale, “but this was the right fit. Everything went just the way it should.”
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