DCG Completes Major Acquisition, Uniting Two Automotive Group Dynasties
New York, NY – January 20, 2022 – DCG announced the successful completion of an acquisition uniting two automotive group juggernauts.
DCG represented both parties, whereby the Gee Automotive Companies—among the top three largest family-owned and operated automotive groups in the Pacific Northwest, acquired Dick’s Auto Group—one of the oldest family-owned and operated automotive groups in western Portland.
“Our relationship with DCG has truly exceeded our expectations for a Mergers & Acquisitions firm,” said Ryan Gee CEO Gee Automotive Companies. “This is our first closed deal with DCG but I am confident that there will be many more over years to come. We look forward to working with the team at DCG on future deals as we continue to grow and expand.”
“This is our second closed deal with DCG in less than 12 months,” said Shannon Inukai-Cuffee, Co-owner Dick’s Auto Group. “Fast forward to today and here we are again with yet another successful transaction because of our relationship with DCG. This time, we asked DCG to find us a suitable buyer and that is exactly what Joe Beaver did. In addition, DCG spent countless hours providing our family guidance and counsel to a level I never dreamed of. I always felt DCG was with us every step of the way!”
The transaction consisted of Dick’s Hillsboro Chevrolet, Dick’s Country CDJR, and Dick’s Mackenzie Ford. Under the new ownership they will be known as Tonkin Hillsboro Chevrolet, Tonkin CDJR and Tonkin Hillsboro Ford.
“This smart, incredible opportunity quickly seized by Gee Automotive Companies to acquire Dick’s Automotive Group is a perfect example of how the organization is able to continually grow in specific markets while remaining consistent with their investment strategy,” said Dave Cantin, DCG Founder and CEO.
The acquisition represents the 31st, 32nd and 33rd new car franchises for the Gee Automotive Companies family of dealerships.
Our relationship with DCG has truly exceeded our expectations for a Mergers & Acquisitions firm. DCG was instrumental in every aspect of the transaction to get this deal across the finish line. We always felt DCG was in our corner accurately communicating our deal points with the highest level of integrity and tenacity that was necessary to make a deal this of this nature happen. In addition, Joe Beaver never let up with his tireless efforts to maintain consistent communications with all parties that also contributed to a successful transaction.
This is our first closed deal with DCG but I am confident that there will be many more over years to come. They worked closely with several members of our executive team on every step of the process from beginning to middle to end, everything! We look forward to working with George Pero and his team at DCG on future deals as we continue to grow and expand our brand in additional markets consistent with our investment strategy!
Ryan Gee
Gee Automotive Companies
This is our second closed deal with DCG in less than 12 months. Our first deal was the purchase of a Chevrolet store in our local community. We tried to buy this store several times for almost 15 years with no success. We engaged Joe Beaver of DCG to represent us and things started to happen. Just a few short months later, we were at the closing table and our dream of adding this store to our family became a reality because of DCG.
Fast forward to today and here we are again with yet another successful transaction because of our relationship with DCG. This time, we asked Joe to find us a suitable buyer and that is exactly what he did. In addition, DCG spent countless hours providing our family guidance and counsel to a level I never dreamed of. Their constant reassurance and professionalism instilled a tremendous amount of comfort that not only we were making the right decision, but more importantly this was absolutely the best deal we could have gotten for the business climate as dealerships continue to enjoy extraordinary results. I always felt DCG was with us every step of the way!
Shannon Inukai-Cuffee
Dick’s Auto Group
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.
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