DCG Advises Sale of Global Auto Mall to PSD Automotive Group, Completing Multi-Sale Legacy Transition Plan
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, PSD 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.
Having seen first-hand the best-in-class process and advisory services of the Dave Cantin Group (DCG)… there was no one else I would have wanted to work with to finalize my exit from the business. Dave methodically worked through a legacy succession plan over the years; culminating in the sale of Global Auto Mall. I cannot thank him and the entire Dave Cantin Group team enough for their expertise and guidance; and recommend any dealer considering to sell or looking to grow to work with the best, DCG.
Robert Nitabach
Owner, Global Auto Mall
Dave was a vital asset to ensure our acquisition of the Global Auto Mall stores successfully closed in an expeditious and professional process. This will certainly only be the first of many more times we will look to the Dave Cantin Group for advisement and partnership on growth opportunities.
Patrick Dibre
President & CEO, PSD Automotive 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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