One particular-store Honda supplier Ryan Mayer has acquired three dealerships, like a Group 1 Automotive Inc. Kia outlet around the Mississippi Gulf Coast.
Mayer, operator and president of Tameron Gulf Coast dealership team of Daphne, Ala., purchased the Pat Peck Kia store in D’Iberville, Miss., a store that Group 1 had owned considering that August 2006, according to Automotive Information archives.
The transaction closed Monday. Group 1 verified the sale but declined to offer the conditions of the deal. The store has been renamed Tameron Kia.
“We feel Kia has obtained some outstanding products and really a couple of unique parts in the pipeline,” Mayer told Automotive Information. “We just see that as a quite exciting franchise.”
Mayer’s team on March 31 purchased two dealerships in Daphne from retiring supplier Chris Myers — Chris Myers Buick-GMC and Chris Myers Chrysler-Dodge-Jeep-Ram-Fiat. Individuals suppliers, about an hour from D’Iberville, have been renamed Tameron Buick-GMC and Tameron Chrysler-Dodge-Jeep-Ram-Fiat. Terms of that deal were not disclosed.
Mayer, whose team has owned Tameron Honda Japanese Shore in Daphne considering that 2003 and who became supplier principal in 2014, claimed he has been seeking to mature and transpired to have several bargains occur his way at the same time.
“We have been capable to retain all the employees in all these acquisitions,” Mayer claimed. “They have been quite considerably turnkey and they have been quite successful in the earlier and we just want to proceed that success.”
Performance Brokerage Products and services, a dealership acquire-offer organization in Irvine, Calif., handled the Group 1-Mayer transaction.