DCG Closes on Selling Lithia Motors’ Carbone Honda of Yorkville to Brickl Capital
New York, NY – November 23, 2021 – DCG has closed on the acquisition of Lithia Motors’ Carbone Honda of Yorkville by Brickl Capital. The closing continues DCG’s pace-setting year in securing legacies. The New York state dealership will be known as Leadcar Honda of Yorkville.
Brickl Companies, led by Chairman and CEO Jason Brickl, features a varied portfolio including LeadCar, a just-launched group of franchised, new-car dealerships representing the Audi and Toyota Brands in Wisconsin, Minnesota and Missouri. Its acquisition of the Lithia dealerships marks the Brickl Companies’ expansion into New York. Jason Brickl is recognized as a savvy entrepreneur who creates and carefully oversees thriving businesses.
Lithia Motors, one of the largest automotive acquisition groups in the country, is no stranger to DCG. The Dave Cantin Group represented the sale of two Lithia Motors Lexus dealerships in California. In addition, DCG represented four Las Vegas dealerships acquired by Lithia Motors.
Recent DCG transactions include securing one of the industry’s most significant sales, the acquisition by DCD Automotive Holding of Tarbox Toyota Hyundai, now Nucar Toyota and Nucar Hyundai, representing DCG’s first acquisition in Rhode Island; the acquisition by Spitzer Auto of Murrays Ford Lincoln; industry leader Ken Garff Enterprises closure on Ron Carter’s Cadillac and Ron Carter’s Hyundai, renamed as Big Star Cadillac and Star Hyundai located in Texas; the sale of Carbon Nissan to the Steet Ponte Auto Group, now Steet Ponte Nissan operating in Central New York; Bergey’s Chevrolet as the result of a sale by Carfagno Chevrolet; New York-based Atlantic Automotive Group, owned by John Staluppi Sr. – Lexus of Route 110 and Lexus of Rockville Centre – recently sold to the Len Stoler Automotive Group. DCG also represented the sale of two more Lexus dealerships in California, Lexus of Oxnard and Lexus of Santa Barbara, purchased by Ken Garff Automotive Group from Lithia Motors. In addition, DCG represented four Las Vegas dealerships acquired by Lithia Motors, one of the most sought-after automotive markets in the industry. DCG are authorities in analyzing valuations of a dealership’s worth and specializes in representing platform acquisitions, overseeing multiple dealerships within an individual asset.
Lithia Motors’ success and growth rely heavily on those we choose to partner with, and DCG takes that responsibility as seriously as we do. DCG is a trusted partner to Lithia and has successfully represented our acquisition and divestiture needs across the country. The Dave Cantin Group are trusted advisors and true professionals that we look forward to relying on for years to come.
Bryan DeBoer
President & CEO, Lithia Motors Inc.
DCG has been an outstanding partner on major transactions. The firm’s connections to key players in the industry are what make deals happen. In addition, Tony Karabon’s experience as General Counsel for multiple dealer groups means Tony knows the issues that matter most in negotiations. And DCG’s knowledge of the OEM buy-sell approval process helps get deals to the finish line faster.
Jeremy T. Whitt
Chief Legal Officer, LeadCar Systems, Inc.
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.
Brian Traugott
Brian Gordon
Tony Karabon
Stephen Jones