Driving the news: The Holler-Classic Family of Dealerships completed a four-store acquisition from South Carolina-based Dick Smith Automotive Group in a deal that closed July 28.
For context: Holler-Classic, of Winter Park, Florida, purchased Dick Smith Nissan of Columbia, Dick Smith Nissan of St. Andrews, and Dick Smith Infiniti; all in Columbia, South Carolina, and Dick Smith Nissan of Lexington in that South Carolina city.
The dealerships were renamed Holler Nissan of Columbia, Holler Nissan of St. Andrews, Holler Infiniti of Columbia, and Holler Nissan of Lexington.
Real estate was included in the deal, which totals 13.10 acres, with an option for an additional 9.08 acres and 125, 499-square-feet of retail space, the company said in a release.
Performance Brokerage Services represented the sellers.
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Worth noting: Holler-Classic said this deal brings its dealership count to 17.
The group said it recently acquired Holler Ford, opened VinFast Orlando and East Orlando Mitsubishi, and is completing new construction on Audi Daytona.
What they're saying: Jill Holler Rogers, the Holler-Classic treasurer, said in a statement that the family sees parallels between the two dealership legacies.
"Like our own father, Roger Holler, Jr., Dick Smith was a visionary,” Holler Rogers said. “Our family opened our first dealership in 1938 and the Smith family helped build his legacy since 1961. We intend to honor those legacies on behalf of both of our founders."
Strategic note: Roger Holler III, president of Holler-Classic, said in the release that his group had been eyeing the southeast market “for some time.”
"Dick Smith's legacy as an honorable automotive retailer is well-known and that made the acquisition particularly attractive to us,” Roger Holler said. “Matching corporate cultures is always a consideration, as is established customer loyalty in prime retail locations."
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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