“The number and more importantly, the valuation of dealership acquisitions in 2022 exceeded our expectations,” said Dave Cantin, Executive Chairman and CEO of DCG. “Even with ongoing supply chain issues, chip shortages, raw material costs exacerbated by the Russia/Ukraine crisis, and rising interest rates, dealers showed record profits as they navigated tight inventories and continued to make improvements within their operational efficiencies.”
DCG Acquisitions successfully closed more than 30 transactions in 2022 across all regions throughout the United States. Most notable acquisitions include:
- Michael Toyota, Michael Cadillac/Chevrolet, Michael Volkswagen in California to American Motors Corporation/Blackstone
- Henderson Hyundai Superstore/Genesis in Nevada to Lithia Motors
- Harley-Davidson Dealership and Destination Daytona in Florida to Ed Morse Automotive Group
- Delray Auto Group in Florida to SuperStore Auto Group
- Boardman Taylor Kia and Taylor Alliance in Ohio to Ken Ganley Automotive Group
- Bob Stallings Hyundai in Texas to Clay Cooley Auto Group
- St. Marys Ford and St. Marys Chevrolet-GMC in Pennsylvania to Spitzer Autoworld
- Suburban Auto Group in Oregon to Dick Hannah Dealerships
Most notably, DCG Acquisitions completed 60 dealership franchise transactions in 2022, an increase of 50% over 2021, and 33% of its total 2022 transactions were multi-rooftops.
“DCG Acquisitions is off to yet another record-breaking year, with 24 acquisitions totaling 65 franchises (including several large auto groups) already under contract,” adds Cantin. “We are expecting to see continued dealer consolidations, competitive opportunities, and valuations, with Hyundai and Kia being the most popular dealership brands of 2023.”
Whether you’re looking to buy, sell, or preserve your legacy, DCG Acquisitions will help you take the next step forward. Headquartered in the heart of New York City with satellite offices around the country, their call center accepts and routes inquiries 24/7. For a prompt response, fill out the form on their contact page.
Transaction Revenue Fighting Pediatric Cancer
Also in 2022, DCG’s nonprofit DCG Giving donated more than half a million dollars to support child and adolescent cancer research and treatment in communities nationwide.
Funds raised from a percentage of every transaction DCG Acquisitions closed supported local resources where the transactions took place. In addition, DCG Giving partnered with the Children’s Oncology Group (COG) – the world’s largest organization devoted exclusively to childhood and adolescent cancer research and treatment. COG-affiliated hospitals and institutions DCG Giving supported in 2022 included the UT Southwestern/Simmons Cancer Center-Dallas; Children’s Hospital of Los Angeles; Children’s Hospital of Pittsburgh of UPMC; Children’s Hospital of Wisconsin; and the Ann and Robert Lurie Children’s Hospital/ Northwestern University of Chicago.