Carfagno Chevrolet – Pennsylvania

ACQUISITION HIGHLIGHTS

DCG ACQUISITIONS CLOSES BERGEY’S AUTO ACQUISITION OF CARFAGNO CHEVROLET, NOW BERGEY’S CHEVROLET

Automotive Industry Forerunner in Securing Legacies Enjoys Unprecedented Year

(New York, New York – September 30, 2021)  DCG Acquisitions, a Dave Cantin Group (DCG) Company, has closed on the acquisition of Carfagno Chevrolet, now Bergey’s Chevrolet. The acquisition was completed on Sept. 27, adding to the company’s unprecedented year.

Bergey’s legacy spans 90 years. Founded in 1924 by Norman L. Bergey in Franconia, Pennsylvania, what started as a simple auto repair shop has grown to dealerships in over 28 locations throughout Pennsylvania, New Jersey, Delaware and Maryland. The new Bergey’s Chevrolet is located in Plymouth Meeting, Pennsylvania.

Read the rest of the transaction details in the press release.

READ PRESS RELEASE

I have to say, doing business with you was over the top. You were persistent in following up with me until you got the listing, but were not obnoxious. I will also say that everything you told me to expect along the way was spot on from when I signed the listing agreement to getting the full price offer to settlement. As this was a once in a lifetime deal for me, it went extremely smoothly and I would highly recommend you to anyone who would be interested in selling their dealership. Again thanks again for all your help!

Frank Carfagno Owner, Carfagno Chevrolet

Deal Summary

  • Date September 2021
  • SECTOR Automotive
  • DEAL TYPE Non-luxury, New
  • SELLER(S) Carfagno
  • BUYER(S) Bergey’s Auto Group
  • DEAL LOCATION PA

ADVISORS

Drew Picon
Dave Cantin
Brian Gordon
Brian Traugott
Tony Karabon
Stephen Jones

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