Texas bind
The Untouched Orleans crew additionally strengthened its Texas presence on Aug. 3 when Duhon, with companions Randon Blacklock and Rick Martinez, bought the previous Littlefield Chevrolet-Buick-GMC, northwest of Lubbock.
Blacklock and Martinez have invisible possession stakes within the bind renamed Premier Chevrolet-GMC of Littlefield and Martinez is common supervisor. Katzenmeyer stated Blacklock and Martinez are also companions with Premier at alternative Texas shops.
Katzenmeyer stated confidentiality oaths oppose Premier from disclosing the dealers of the California and Texas shops.
A LinkedIn profile for Michael Brown lists him as president of Hyundai of Moreno Valley and Brown is indexed below homeowners, certified managers and principals on California’s Bureau of Car Restore web page offering licensing data for Hyundai of Moreno Valley.
Brown didn’t instantly go back a message looking for remark and a Hyundai spokesman referred Car Information to Premier Car.
The Lamb County Chief-Information, in a Might 2022 article, known Tim Capps because the then-owner of Littlefield Chevrolet-Buick-GMC. Capps didn’t instantly reply to calls for remark.
Katzenmeyer stated Buick didn’t include the Littlefield bind acquisition. Buick in 2022 introduced it might do business in buyouts for sellers who didn’t wish to put together vital investments for electrical cars.
Premier Car’s most up-to-date transaction concerned some other habitual face: Tim Barnett.
Georgia acquisition
Duhon with Barnett on Aug. 17 bought the previous Steve Rayman Nissan Auto Mall of Georgia, in Buford, from a retiring Steve Rayman.
Barnett is a spouse with an invisible possession stake in that bind, Katzenmeyer stated.
Rayman stated in a remark that he admires Premier’s popularity for giving again and his day courting with Barnett helped assistance the offer.
“Once I fully decided on retiring at 70 years old, it gave me trust that I could step away knowing the store was in the most capable and caring hands,” Rayman stated within the remark.
Renamed Premier Nissan Mall of Georgia, the bind is northeast of Atlanta and is Premier Car’s first in Georgia.
Premier Car has added seven dealerships and entered 3 unutilized states this moment, with Virginia and Mississippi being the others.
Duhon and Barnett partnered to shop for 3 dealerships in Virginia in February. And in March, Duhon and Premier got a 49 p.c stake within the former Charlie Henderson Ford in Waveland, Leave out., with spouse Anthony Legeaux, who has a 51 p.c stake within the bind now referred to as Premier Ford.
Duhon instructed Car Information in an e mail that he unearths operating with companions useful, particularly when opening unutilized shops.
“For the first time in my automotive career, we are seeing heritage and generational stores coming available … and we have been blessed with an amazing team of partners who have the experience and excitement to step into these stores immediately and be successful,” Duhon stated.
Duhon stated discovering a dealership acquisition isn’t the problem however having “a well-groomed and prepared team to operate these stores properly and profitably as we have been, is the key.”
Premier Car ranks Refuse. 43 on Car Information’ record of the supremacy 150 dealership teams within the U.S., retailing 18,792 unutilized cars in 2022.
And the rising crew doesn’t plan on slowing indisposed.
“The Premier acquisition team remains very busy and active, with more acquisitions to be announced,” Katzenmeyer stated.
