Automotive Industry Leader Continues to Set the Pace in Securing Legacies
DCG Acquisitions, a Dave Cantin Group Company, has closed on the acquisition Murray’s Ford Lincoln and Murray’s Honda, purchased by Spitzer Autoworld in Pennsylvania. The closing is DCG’s latest this year, continuing the company’s 2021 record-setting pace of fostering automotive acquisitions.
George G. Spitzer founded Spitzer Auto in 1904 in Grafton, Ohio. Legendary automaker Henry Ford was so impressed by Spitzer’s reputation for reliability that he chose the company to sell his new Model T. Ford. Today, Alison and Andrew Spitzer are the fourth generation to lead the auto group.
Founder Harv Murray of the Murray’s Family of Dealerships established his company in 1968 in the Rockton, Ohio area when he purchased the Ford store, then McAninch Motors, with an investment of just $1,500. In 1981, the Honda store was added to the family business and in 1995, Freightliner/Western Star were acquired.
Brian Brown, Vice President of the Eastern Region for DCG Acquisitions and Drew Picon, Managing Director for the Eastern Region facilitated the closing of this acquisition.
“DCG is pleased to have worked with two renowned automotive companies to facilitate a smooth closing that benefits everyone,” said Dave Cantin, founder and CEO. “I commend the knowledge and sophistication of our team of professionals. They are tireless workers with a wide range of skillsets that employ ingenuity and a dedication to both buyer and seller, making for seamless transactions that leave all parties happy.”
Recent DCG transactions include the acquisition by Tarbox Toyota Hyundai, now Nucar Toyota and Nucar Hyundai, representing DCD Automotive’s first acquisition in Rhode Island; Ron Carter Cadillac and Ron Carter Hyundai, now Big Star Cadillac and Big Star Hyundai purchased by Ken Garff Automotive Group, located in Texas; the sale of Lithia Motors’ Carbone Nissan to the Steet Ponte Auto Group, now Steet Ponte Nissan operating in Central New York. DCG also represented the sale of two Lexus dealerships in California; Lexus of Oxnard and Lexus of Santa Barbara, purchased by Ken Garff Automotive Group from Lithia Motors. In addition, DCG is represented four exemplary Las Vegas dealerships acquired by Lithia Motors, one of the most sought-after automotive markets in the industry. DCG is the authority in analyzing valuations of a dealership’s worth and specializes in representing platform acquisitions, overseeing multiple dealerships within an individual acquisition.
About Dave Cantin Group: Dave Cantin Group (DCG) is headquartered at the prestigious Rockefeller Center in New York City, with additional offices nationwide. DCG encompasses three full-service areas, DCG Mergers & Acquisitions and DCG Capital specializing in automotive acquisitions, capital services for automotive dealers, succession planning, and managing the sale and purchase of automotive dealerships. DCG’s team has collectively closed billions in dealership automotive mergers and acquisitions. DCG is one of the world’s largest automotive dealership M&A firms assisting automotive owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. DCG supports a company’s growth by providing buy/sell opportunities and identifying potential to expand geographic territories. In addition, Dealer News Today is a partnership between the Dave Cantin Group and Cox Automotive. The Dealer News Today Podcast Series hosted by Derek D is on the cutting edge of automotive news where the focus is 100% providing auto content and insights dealers need today and require for success tomorrow. DCG Giving: The Dave Cantin Group is committed to donating a percentage of all of DCG Acquisitions’ revenues to a charity that fights childhood causes in the acquired dealership location.