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Seller
Murrays
Buyer
Spitzer Autoworld

DCG Closes Murray’s Ford Lincoln, Murray’s Honda, Now Part of Spitzer Autoworld in Pennsylvania

Automotive Industry Leader Continues to Set the Pace in Securing Legacies

DCG 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.

“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.

I can’t say enough about the professionalism of DCG. Our transaction was somewhat complicated yet DCG exhibited admirable persistence in overcoming any issues that may have arisen. It was a pleasure working with these gentlemen and I highly recommend their services. We look forward to working with DCG to help our company grow.

Alan Spitzer

Chairman & CEO Spitzer Management

DCG was instrumental in leading the recent sale of our 3 store family Business including Ford, Lincoln, Honda and Freightliner Western Star franchises. After multiple offers their expertise and professionalism lead to a favorable outcome for all involved.

Greg Murray

President, Murray’s

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 Murrays
buyer Spitzer Autoworld
date October 2021
location Dubois, PA
brand Ford
Honda
Lincoln
advisors Dave Cantin
Brian Traugott
Brian Gordon
Tony Karabon
Stephen Jones
sector Automotive
client goal Acquisition