DCG Advises on Strategic Honda Dealership Transaction in the Bronx
Dave Cantin Group is proud to have successfully managed the sale of Bronx Honda by seller Ira Lang of Liberty Chevrolet Inc. DBA Bronx Honda, a strategic divestiture for the seller. The dealership will now operate under the new name Honda of the Bronx.
This transaction represents Dave Cantin Group facilitating the acquisition of a Honda franchise by buyers Josh Aaronson, Scott Jacobs, Jory Baron, and Jason Montalvo of Island Auto Group. The dealership has been serving the community for over 50+ years. Josh is honored to take over this generational business and continue its legacy in the Bronx community.
Dave Cantin managed this transaction for the Dave Cantin Group.
“We’re seeing strong M&A momentum across the Northeast as dealers look to expand in key metro markets,” said Dave Cantin, CEO of Dave Cantin Group. “We were proud to manage the transaction between Bronx Honda and Island Auto Group, now operating as Honda of the Bronx, a deal that came together in record time, from our initial conversation to closing in just 90 days. Our clients rely on us to guide them through every aspect of an ownership transition from valuation to closing with a trusted advisory approach,” Cantin continued. “This closing is a testament to the strength of our relationships, our deep industry expertise, and the results-driven approach our team delivers every day.”
Honda of the Bronx has been a part of the community for over 50 years, and we’re honored to continue that legacy. Partnering with Dave Cantin and his team as our trusted advisors throughout this transaction was the right decision. They FAR exceeded our expectations. Dave personally guided us through each step, aligning all parties and ensuring a smooth and professional process from start to finish. Both sides walked away satisfied and I’m proud to welcome Honda of the Bronx into the Island Auto Group family alongside my partners Jory Baron, Jason Montalvo, and Scott Jacobs.
Josh Aaronson
Dealer Principal, Island Auto Group
I met with Dave Cantin to explore the sale of my Honda dealership in New York City, which had not been updated to Honda’s image standards and had suffered from a few years of mismanagement. Within a week, Dave and his team sourced a qualified buyer, negotiated a Letter of Intent, and had a purchase agreement in place in less than 30 days. We closed the deal approximately 60 days later. I could not be more satisfied with the outcome and highly recommend Dave Cantin Group to anyone looking to buy or sell a dealership.
Ira Lang
Owner, Liberty Chevrolet Inc. DBA Bronx Honda
About Dave Cantin Group
Dave Cantin Group is a leading automotive M&A advisory firm specializing in acquisitions, divestitures, platform management, business evaluations, and other corporate development services. The new retail reality requires automotive dealers to seek DCG’s collective best thinking, deep experience and extensive industry relationships to effectively leverage M&A as a core business strategy.
Clients choose DCG because we are a trusted advisor focusing on long-term relationships, investing in data and research, and engaging our entire team on every client project. Clients benefit from our industry-leading market intelligence – our Market Outlook Report – and JumpIQ, our proprietary AI-enabled platform delivering unprecedented visibility into automotive retail.
Our nonprofit initiative, DCG Giving, funds child and adolescent cancer research and treatment across the United States and supports other charitable causes important to the automotive retail community. To learn more, visit davecantingroup.com.
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