Dave Cantin Group Facilitates Two California Dealership Transactions in One Week Amid Acceleration in Automotive M&A Activity
DCG sees significant momentum building for Q3/Q4 deal closings
The Dave Cantin Group (DCG), a leading mergers and acquisitions advisory company to retail automotive groups and their owners, today announced the successful closings of two California dealership transactions in a one-week period in June, a sign of growing momentum in the 2025 automotive buy/sell market and interest in California.
DCG’s recent transactions include the sale of Audi West Covina and the strategic divestiture of Subaru of Hayward (formerly One Subaru). DCG’s experienced advisors facilitated the transactions, highlighting the company’s regional expertise, national reach, deep market insights and strategic advisory approach.
“California is seeing an uptick of interest from the industry and there’s some pending legislation which will make the state much more attractive,” Dave Cantin Group CEO Dave Cantin said. “Each of these California closings required navigating different dynamics, from OEM right-of-first-refusal provisions to complex family partnerships and strategic divestitures. Our team’s ability to deliver trusted counsel and smart strategy is what helps us continue to drive meaningful outcomes for our clients.”
Deal Highlights
Audi West Covina
- Location: West Covina, California
- Seller: Envision Motors
- Buyer: Victor Oh, Grace Motorcars
- Closing Date: June 10, 2025
- DCG Representation: Anthony Holbrook (Managing Director) and Mike Lacey (Managing Director)
This transaction marks the third divestiture DCG has supported for Envision Motors as it aligns its portfolio to focus on long-term strategic growth. Despite headwinds in the import luxury segment, DCG facilitated a successful closing by leveraging deep buyer networks and proven transaction management.
Subaru of Hayward (formerly One Subaru)
- Location: Hayward, California
- Seller: Brian and Devin McCafferty
- Buyer: Uwe and Chris Waizenegger, Mercedes-Benz of Pleasanton
- Closing Date: June 16, 2025
- DCG Representation: Alex Covino (Managing Director)
DCG managed this transaction, helping the seller strategically divest while supporting the buyers in acquiring a high-potential open point in a prime Bay Area market. The rebranding of Subaru of Hayward reflects a new chapter for the store under experienced new ownership.