Driving the news: Sean Veilani and Sam Saghbini of Lani Automotive Group acquired a multi-brand store in Iowa from Coleman Automotive Group. The deal closed Oct. 1
For context: Mt. Pleasant Chevrolet, GMC, Chrysler, Dodge, Jeep, Ram in that Iowa city, about two hours southeast of Des Moines.
The store was not yet renamed on the website, but its Facebook page has been updated to Lani Chevrolet, GMC, Chrysler, Dodge, Jeep, Ram.
It’s the first franchised dealership for Lani Automotive.
Paul Kechnie and Matt Willis of Performance Brokerage Services advised the sellers.
Strategic note: Kyle Coleman founded the group in 2024, aiming to grow to 40 dealerships over the next 10 years.
The group acquired McGrath Nissan in Elgin, Illinois, about 45 miles northwest of Chicago, on May 1, at the time bringing its portfolio to seven stores across Indiana, Iowa, and Ohio.
Coleman talked about his evolving strategy on a May 4 episode of Daily Dealer Live.
“Originally, when I founded the group, we were buying small rural stores,” Coleman said during his appearance. “Over the past 12 months, one of the biggest strategy changes has been moving into metros.”
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.
The car business moves fast. Stay ahead.
The most important insights from automotive retail, delivered to your inbox daily.
Join 74,000 others now, it's free:
A quick word from our partner
A script can't tell when a shopper's about to walk.
Other AI fires the same canned reply at every shopper. Impel Sales AI reads sentiment, tone, and intent, then adjusts in real time, the way your best salesperson would.
It knows when to push, when to ease off, and when to book. Every conversation sounds like your store, not a bot.
Dealers report a 33% lift in appointment set rates.
