Driving the news: The Jeff Wyler Automotive Family, one of the largest private dealership groups in the U.S., acquired Midwestern Auto Group’s stores in a 14-brand deal expected to add $500 million in annual revenue.
For context: This single-campus acquisition, which closed on January 14, is one of the largest franchise dealership transactions by a privately held company. All of the 14 brands acquired, including Ferrari, Porsche, and others, will be renamed as The Wyler Collection.
What they’re saying: “A single-site campus offering 14 premium and luxury franchises almost never becomes available. Identifying a private operator capable of acquiring the full enterprise, meeting OEM requirements and preserving the legacy of what Mark [Brentlinger, owner of Midwestern Auto] built resulted in an extremely limited pool of potential buyers”, said Dave Cantin, CEO of the Dave Cantin Group, which represented the sellers. “The Jeff Wyler Automotive Family was the ideal fit in every regard.”
Bottom line: Wyler just bought itself a once-in-a-generation premium fortress, and this deal cements the group as one of the most important private luxury retailers in the Midwest.
You can see this deal announcement and many more throughout the entire year, by visiting the CDG Buy/Sell tracker at CDGbuysell.com powered by:
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