Morgan Automotive Group, one of many largest dealership teams within the nation, continued its fast tempo of acquisitions with the acquisition of 4 dealerships in Florida in March and April, chairman Larry Morgan confirmed.
Morgan Automotive, of Tampa, Fla., on March 15 bought Kendall Hyundai-Genesis in Miami from Potamkin Automotive Group Inc., Morgan advised Automotive News. The identify stays.
The buy represents the group’s first foray into Miami, Morgan stated. Planning has begun for renovations that can embrace a bigger showroom and extra service bays, he added.
Following the Miami acquisition, on April 27, Morgan Automotive purchased two dealerships in Leesburg and one in Fruitland Park from Bill Bryan of Bill Bryan Automotive Group. Bryan, a buddy of Morgan’s, had unidentified companions within the shops, Morgan stated.
The three dealerships are close to The Villages, Central Florida’s sprawling master-planned group for energetic residents 55 and older.
“They don’t allow any car dealerships in The Villages per se,” Morgan stated. “But we’re right on the outskirts.”
The former Bill Bryan Kia and Bill Bryan Subaru, renamed Kia of Leesburg and Villages Subaru, are in Leesburg. Bill Bryan Chrysler-Dodge-Jeep, which additionally offered Ram, in Fruitland Park, is now named Chrysler-Dodge-Jeep-Ram of Leesburg.
Source: www.autonews.com