Eide Automotive Acquires Chevrolet, Subaru Dealerships
Foundation Automotive has sold its Chevrolet of Mandan and Subaru of Mandan to Eide Automotive Group, led by Jesse Peterson.
Foundation Automotive operates over 20 dealerships in Colorado, Texas and Tennessee. The company is strategically reallocating capital and resources to focus on its core markets, similar to what other large dealership groups do from time to time. This sale represented an opportunity for Foundation Automotive to take advantage of market conditions by divesting high-performing dealerships in non-core markets, according to company officials. Haig Partners served as the exclusive sell-side advisor to Foundation Automotive Corp.
Eide Automotive Group owns eight dealerships across North Dakota and Minnesota.
“We are thrilled to expand our presence in Mandan and to represent both Chevrolet and Subaru in this dynamic market,” said Peterson. “Strengthening our regional footprint is a key component of our growth strategy, and this acquisition allows us to better serve consumers in the Bismarck-Mandan area.”
Idaho Dealership Relocates to Soda Springs
An Idaho dealership has relocated to Soda Springs from Montpelier.
Liberty Chrysler Dodge Jeep Ram moved when the decision was made to construct a new building, relocating to a more central location for customers. Evan Wilson, the general manager at the Ford dealership, will assume the same role at the neighboring Liberty Chrysler Dodge Jeep Ram.
The new state-of-the-art facility offers much needed service options as well as a knowledgeable sales staff.
“We have many dedicated customers who travel hundreds of miles to purchase their vehicles in our small town dealerships knowing they will always get that personal level of care. We aren’t just a place to come buy a car,” said Wilson. “Our customers are family and we want to ensure their needs and care are our top priority.”
Bob Mills Mitsubishi Adds Mighty Auto Parts Franchise
Bob Mills Mitsubishi is teaming with Mighty Auto Parts of Coastal Carolina, to bring the trusted franchise to the coastal North Carolina territory.
Bob Mills Mitsubishi, founded in 1993, is a family-owned and operated dealership, operating two Mitsubishi dealerships in Jacksonville and Myrtle Beach, SC. The addition of the Mighty franchise allows Bob Mills Mitsubishi to supply high-quality automotive parts across its service territories, enhancing customer satisfaction and operational efficiency. The partnership is Mighty Auto Parts’ 26th franchise integrated with a multi-location dealership group.
Bryon Masterson, service and parts director at Bob Mills Mitsubishi, will serve as the general manager for Mighty Auto Parts of Coastal Carolina.
“The Mighty franchise operations team is the best,” Masterson said. “By adding the Mighty franchise, we supply quality products to the entire coastal NC territory. Our Mighty service and inventory management strategies give us a distinct advantage in our marketplace.”
Heller Expands in El Paso
The Heller Stores Automotive Group buying another dealership in El Paso, IL—McGrath Highway Chevrolet GMC.
Under new ownership, Heller Chevrolet GMC will stay at 100 South Ford Drive in El Paso, and the staff of about 20 people have been invited to continue working there.
“This strategic acquisition allows us to immediately grow our footprint in El Paso and simultaneously expand our offerings to include the outstanding new vehicles manufactured by Chevrolet and GMC,” said owner Neil Heller. “We are committed to maintaining the trust and relationships that McGrath Highway Chevrolet GMC has built over the past 3 1/2 years, while further enhancing the dealership experience with the values and quality that The Heller Stores is known for at our other two locations – Heller Ford and Heller Motors.”