Jim Butler Car Group, Faulkner Automotive Team, Horne Automobile Group and Coughlin Automotive Team each expanded their dealership portfolios with acquisitions in possibly late in the fourth quarter of 2021 or early in January 2022.
This is a glimpse at the deals involving domestic-, import- and luxurious-model dealerships.
Missouri progress
Jim Butler Car Group expanded its achieve in Missouri with the acquisition of a Ford-Chrysler-Dodge-Jeep-Ram dealership.
Jim Butler Auto, by means of a subsidiary, purchased Auffenberg Motor Co. of Mexico, Mo., on Thursday from Chris Auffenberg.
It marks the first Ford and next Chrysler-Dodge-Jeep-Ram dealership for Jim Butler Auto of Fenton, Mo., a St. Louis suburb.
Jim Butler Car is not holding the dealership in its current spot, having said that.
The group moved the franchises into a one short term facility future to Jim Butler Centralia Chevrolet in Centralia, Mo., around a 20-minute generate west of Mexico.
Jim Butler Auto President Brad Sowers stated the team acquired that Chevrolet dealership in February and acquired 12 acres bordering the shop.
The group options to spend about $3 million to build a Ford dealership, a Chrysler-Dodge-Jeep-Ram dealership and an expanded services facility on that land. The dealerships will be named Jim Butler Centralia Ford and Jim Butler Centralia Chrysler-Dodge-Jeep-Ram.
The group is aiming to comprehensive the building job in 2024.
Don Day, a co-proprietor of subsidiary Linn Powerhouse Holdings, which acquired the Ford-Chrysler-Dodge-Jeep-Ram retail outlet, also has an ownership stake in other shops. Individuals consist of Jim Butler Centralia Chevrolet, Jim Butler Chevrolet Linn and Jim Butler Chrysler-Dodge-Jeep-Ram Linn, each in Linn, Mo., Sowers reported.
“We have been extremely prosperous with CDJR in the Linn location and we wanted to expand our existence with Stellantis,” Sowers advised Automotive Information. “We get pleasure from the connection and it is really been very successful for us. We do not have a Ford franchise, so it is the to start with possibility for us to extend there.”
In addition to the two forthcoming dealerships, Jim Butler Auto has 7 other rooftops, as well as a applied-only dealership, all in Missouri.
Sowers, a earlier co-chair of the Chevrolet Seller Council, at this time is a member of Maserati’s seller council board and president of the St. Louis Car Sellers Affiliation, he mentioned.
Sowers is one of the 47 sellers nominated for the 2022 Time Seller of the Year award.
