Asbury Automotive Group Sells Larry H. Miller Toyota Corona
Larry H. Miller Toyota Corona in California has been sold by Asbury Automotive Group in a sale advised by The Presidio Group. Completed on June 9, 2025, the transaction marks another collaboration between Presidio and the Fortune 500 automotive retailer. Originally acquired by Asbury in 2021 as part of its purchase of Larry H. Miller Dealerships, the Toyota store was sold to Mike Hong and Jerry Heuer, who plan to rebrand it as Toyota of Corona.
“Being able to grow with a tremendous brand like Toyota in Southern California is incredibly exciting,” Hong said. “We thank the team at Presidio for their professionalism and expertise in guiding this transaction to a successful close.”
This sale is part of Presidio’s broader momentum in dealership mergers and acquisitions, with the firm forecasting a robust pipeline for the remaining year. They report steady interest from buyers and sellers alike as they adapt to evolving market opportunities.
Ken Garff Auto Acquires Gateway Chevrolet
Ken Garff Automotive Group has announced its acquisition of Gateway Chevrolet, Arizona’s largest Chevrolet dealership, located in Avondale. Now rebranded as Ken Garff Gateway Chevrolet, the dealership joins Ken Garff’s expanding presence in Arizona alongside Ken Garff KIA Avondale, Ken Garff KIA Bell Road, Ken Garff Hyundai Surprise, and Ken Garff Volkswagen Gilbert.
The acquisition marks a strategic step in Ken Garff’s growth strategy, reinforcing its commitment the thriving Arizona market and enhancing its ability to serve customers in the Phoenix area. They will retain Gateway Chevrolet’s current team and integrate Ken Garff’s signature “We Hear You” service philosophy, ensuring a smooth transition for employees and customers alike.
“We’re honored to welcome Gateway Chevrolet to our growing Arizona footprint,” said Brett Hopkins, CEO of Ken Garff Automotive Group. “This dealership has been a staple in the Phoenix and Greater Arizona area, and we’re committed to continuing that legacy with the same outstanding service and community involvement customers have come to expect.”
With this acquisition, built on integrity and innovation, the Salt Lake City-headquartered group further solidifies its position as a leading national auto retailer with over 70 dealerships across nine states.
Griffin Chevrolet Purchased by Kunes Auto & RV Group
Kunes Auto & RV Group has expanded its presence in Milwaukee with the acquisition of Griffin Chevrolet, located at W. Metro Auto Mall in Milwaukee, Wisconsin. This marks a milestone for Kunes as their 19th General Motors dealership and is a significant addition to their growing portfolio of over 40 automotive and RV locations across Wisconsin, Illinois, Iowa, and Minnesota.
“We’re excited to deepen our roots in Milwaukee, a city that aligns with our values of faith, family and giving back,” said Scott Kunes, Chief Operating Officer of Kunes Auto & RV Group. “Chevrolet has been a cornerstone of our offerings, and this acquisition allows us to better serve our customers with the quality and reliability they expect.”
Further strengthening their community ties, Kunes Auto & RV Group has partnered with Milwaukee’s renowned Summerfest. Through their sponsorship of the new Lasso Lounge, Kunes contributes to the cultural vitality of the city with a country-themed experience featuring live music, line dancing, and more. The move underscores Kunes’ ongoing commitment to elevating both customer and community experiences across its Midwest operations.
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