New York, New York – October 25, 2023 – The Dave Cantin Group (DCG), a leading advisor to retail automotive groups and their owners, announced today that Global Auto Mall in North Plainfield, New Jersey, was acquired by PSD Automotive Group, headquartered in Bridgewater, New Jersey.
Global Auto Mall, which includes Global Jeep, Global Kia, Global Hyundai and Genesis of North Plainfield, was established by Robert Nitabach in 1978. The transaction was the second and final step in Nitabach’s legacy succession plan, developed and led by Dave Cantin, which included the sale of Nitabach’s Crystal Auto Mall (Crystal Toyota, Crystal Mazda) to Michael Brown’s Empire Auto Group in July 2023.
“The expertise, strategy and guidance of Dave Cantin Group throughout the sale of both Crystal and Global Auto Mall was truly exceptional—there’s nobody else I would work with,” said Nitabach. “From formulating a strong exit strategy to finding a worthy buyer and managing a successful transaction, DCG ensured the legacy of the business remains as it joins the PSD family.”
The sale of Global Auto Mall is a key acquisition for Patrick Dibre, president and CEO of PSD Automotive Group. The company owns a highly successful network of dealerships in New Jersey, New York, Connecticut, California, Virginia and elsewhere. After acquiring these four dealerships, PSG Automotive Group now operates over 40 stores.
“We are proud to guide Mr. Nitabach through the culmination of this multi-stage strategic legacy succession plan, a leading service our company provides,” said Dave Cantin, president and CEO of the Dave Cantin Group. “Our hands-on process ensures that we honor the 60 years Mr. Nitabach has put into his businesses and his passion for his people, while setting the buyer and his team up for success.”
Dave Cantin from the Dave Cantin Group facilitated the Crystal and Global Auto Mall buy/sell transactions, which were the culmination of a legacy succession plan developed by DCG for Robert Nitabach and resulted in a seamless transition of the business.
About The Dave Cantin Group
The Dave Cantin Group (DCG) is a leading advisor to retail automotive groups and their owners. The Company also serves a variety of adjacent industries including automotive, motorcycle, powersports, heavy trucks, and recreational vehicles. DCG caters to the financial, transactional, and advisory needs of its clients throughout the dealership lifecycle, with particularly deep expertise as an advisor on both the buyside and the sellside of the M&A process. Through its media division, DCG produces the #1 downloaded automotive podcast, Dealer News Today. The company’s nonprofit partner, DCG Giving, funds child and adolescent cancer research and treatment in communities nationwide through its support of the Children’s Oncology Group. For more information, please visit www.davecantingroup.com.