Sandler mentioned the dealerships can be renamed Honda of Abington, Hyundai-Genesis of Abington, Mazda of Abington and Acura of Abington.
“Our company right now is on a trajectory to grow our business and we’ve been actively acquiring dealerships a lot in the past few years,” George Liu, CEO of Rosenthal Automotive instructed Automotive News. “We’re still continuing on that path, so this particular acquisition was a good fit because it consisted of brands that we already owned and it was a natural fit.”
Liu mentioned Rosenthal deliberate on making facility upgrades to the shops and implementing coaching applications for workers.
Sussman Automotive was household owned and operated within the Philadelphia space for greater than 50 years previous to the sale, based on the corporate’s web site. Sandler mentioned when Sussman Automotive finally determined to promote, a number of different automotive teams submitted bids, however Rosenthal finally received out.
“This is a family of venerated, iconic Philadelphia auto dealerships,” Sandler mentioned.
Sandler mentioned Bel Air Partners beforehand represented Sussman in a sale of three of its New Jersey shops to Group 1 Automotive Inc. in 2006.
Sussman Automotive retained possession of Sussman Kia in Roslyn, Pa., Sandler mentioned.
Rosenthal Automotive of Reston, Va. additionally has dealerships in Virginia and Maryland. It ranks No. 105 on Automotive News’ listing of the highest 150 dealership teams primarily based within the U.S., retailing 9,638 new automobiles in 2021.
Source: www.autonews.com