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Seller
Michael Automotive Center
Buyer
Blackstone

Michael Automotive Center

New York – June 1, 2022 DCG announced the successful completion of Michael Toyota, Michael Cadillac/Chevrolet, Michael Volkswagen to American Motors Corporation / Blackstone, owned by the Cornelius family. The Cornelius family owns/operates 3 other Toyota stores in nearby markets as well as multiple VW stores, Hyundai, Genesis and a standalone classic car sales operation. This platform expands their footprint to the central valley connecting their reach from Northern California to the high desert in Southern California, now totaling 13 locations. DCG represented the buyer in the transaction.

About Dave Cantin Group

Dave Cantin Group is a leading automotive M&A advisory firm specializing in acquisitions, divestitures, platform management, business evaluations, and other corporate development services. The new retail reality requires automotive dealers to seek DCG’s collective best thinking, deep experience and extensive industry relationships to effectively leverage M&A as a core business strategy.

Clients choose DCG because we are a trusted advisor focusing on long-term relationships, investing in data and research, and engaging our entire team on every client project. Clients benefit from our industry-leading market intelligence – our Market Outlook Report – and JumpIQ, our proprietary AI-enabled platform delivering unprecedented visibility into automotive retail.

Our nonprofit initiative, DCG Giving, funds child and adolescent cancer research and treatment across the United States and supports other charitable causes important to the automotive retail community. To learn more, visit davecantingroup.com.

Deal Summary
seller Michael Automotive Center
buyer Blackstone
date June 2022
location Fresno, CA
brand Cadillac
Chevrolet
Toyota
Volkswagen
advisors Dave Cantin
Brian Traugott
Brian Gordon
Tony Karabon
Stephen Jones
sector Automotive
client goal Acquisition