Driving the news: Stephen Weikert and the Weikert family purchased two rural dealerships from Jim Cook in a deal that closed May 7.
For context: Weikert purchased Jim Cook Ford and Jim Cook Chevrolet in Elba, Alabama, about 85 miles south of Montgomery.
The stores were renamed Weikert Ford Elba and Weikert Chevrolet.
The group plans to build new facilities in the next four to five years, according to Andy Gill of Gill Automotive Group, which represented the sellers.
Worth mentioning: Gill told CDG News that Cook has owned the dealerships for about 40 years. Cook will stay on to help with the transition, according to Gill.
What they’re saying: The dealerships also are about 15 miles away from Enterprise, Alabama, where Gill said Army helicopter pilots get trained.
“There's a lot of growth opportunity in that area,” Gill said.
He also said that those stores weren’t for everyone because of the rural location, but that the Weikert family had a strong fixed ops foundation that will help them succeed.
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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