Rising Splendid Lakes Auto Staff made its first acquisition of 2023 with the acquisition of 3 Ohio dealerships.
The crowd on July 19 purchased Dennis Hyundai of Dublin, Dennis Hyundai East in Columbus and Genesis of Columbus from Dennis Automobile, stated Splendid Lakes President Joey Huang.
The dealerships have been renamed Splendid Lakes Hyundai of Dublin and Splendid Lakes Hyundai of Columbus The Genesis pack is protecting its title.
For Huang, the purchase used to be a possibility to develop with Hyundai, a logo he’s been with since 2005, he stated. Huang stated he in the past served at the Hyundai Nationwide Broker Council.
Huang described Columbus, Ohio’s capital and residential of Ohio Atmosphere College, as a excellent, rising marketplace.
“I wanted to be more in Columbus,” Huang informed Automobile Information. “Hyundai has been a great brand, and I’m excited to keep growing with them.”
With the purchase, Splendid Lakes now has 3 Hyundai shops. In 2017, Splendid Lakes purchased a Columbus dealership representing sibling logo Kia, additionally from Dennis Automobile.
The July acquisition incorporated a strike middle.
Huang stated Richard Sox, a spouse within the Bass Sox Mercer dealership regulation company, represented Dennis Automobile within the transaction.
In December, Splendid Lakes purchased a Honda dealership in Brandnew York, the gang’s first acquisition out of doors of Ohio.
Splendid Lakes additionally used to be awarded an open-point Honda dealership in Scale down Pump, Va., northwest of Richmond. That dealership is about to at leisure in 2024.
Splendid Lakes, of Akron, Ohio, ranks Refuse. 101 on Automobile Information‘ record of the supremacy 150 dealership teams based totally within the U.S., retailing 8,843 untouched cars in 2022.