Hello Kia of Valencia

ACQUISITION HIGHLIGHTS

Dave Cantin Group Completes ‘Hat Trick’: Ghreiwati Auto Group Acquires Hello Auto’s Kia Valencia Store, the Third Hello Auto Sale in March

New York — March 31, 2026 — The Dave Cantin Group (DCG), a leading automotive mergers and acquisitions advisory company, today announced it was the exclusive representative for Ghreiwati Auto Group in its acquisition of Hello Auto Group’s Kia store in Valencia, California. The transaction marks the third Hello sale revived by DCG after an earlier effort led by its sell-side broker stalled. DCG’s efforts ultimately delivered an approximately 30% higher transaction price for the company’s Valencia stores and a full slate of satisfied dealer owners.

  • Ghreiwati Auto Group purchased Hello Auto’s Kia store in Valencia on March 30. The store has been rebranded Kia of Valencia.

As previously announced:

  • Ghreiwati acquired the Hello Mazda of Valencia store in a deal that closed March 17. That store has been rebranded Mazda of Valencia.
  • Chris Hemmersmeier, President and CEO of Jerry Seiner Dealerships acquired Hello Subaru of Valencia in a deal that closed on March 16. That store is now Jerry Seiner Subaru.

In all three cases, Hello Auto Group was unable to reach definitive agreements with buyers introduced by its sell-side broker of record. Hello founder and President Karl Schmidt turned to his longtime trusting relationship with DCG Managing Director Alex Covino. Covino, with extensive market knowledge and deep connections in this region, quickly identified Ghreiwati as an ideal buyer for Hello’s Valencia stores.

Ghreiwati is expanding its retail presence in Southern California.

“Alex understands my personal vision for our auto group,” said founder and CEO Sam Ghreiwati. “So, when the opportunity arose, it made sense that Alex called me. Alex and his team exceeded my expectations. I can’t recommend him and the Dave Cantin Group team highly enough.”

DCG was the exclusive buy-side advisor for all three transactions.

The DCG team is known for its long-term advisory outlook, strong ethics, deep industry and market knowledge, proprietary real-time data, and established professional network.

Kia Valencia Closing
L-R: Kareem Ghreiwati, Omar Ghreiwati, Sam Ghreiwati, Alex Covino, Karl Schmidt
Mazda Valencia Closing
L-R: Tony Karabon, Karl Schmidt, Alex Covino, Sam Ghreiwati
Subaru Valencia Closing
L-R: Tony Karabon, Chris Hemmersmeier, Stephen Hemmersmeier, Tom Hemmersmeier, Alex Covino

Read more: Yahoo Finance, Yahoo Finance SG, CBT News, Asia Pacific Finance Daily, Street Insider, Dealership Guy News, WardsAuto, Auto Remarketing, Car Dealership Guy, CBT News, Pulse

Over the years, I’ve shared our growth plans and very specific investment criteria with Alex. He leaned in and took the time to truly understand our organization and my personal vision for the group. So, when the opportunity arose, and he was given the chance to make one call on the opportunity, he called me, and we negotiated a deal in short order. Alex and his team were relentless from start to finish. They exceeded my expectations I can’t recommend him and his Dave Cantin Group team enough.

 

Sam Ghreiwati Ghreiwati Auto Group

Deal Summary

  • Date March 2026
  • SECTOR AUTOMOTIVE
  • DEAL TYPE Non-luxury
  • SELLER(S) Hello Kia of Valencia
  • BUYER(S) Ghreiwati Auto Group
  • DEAL LOCATION Valencia, CA

ADVISORS

Dave Cantin
Alex Covino
Brian Traugott
Brian Gordon
Tony Karabon

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