DCG Acquisitions, a Dave Cantin Group (DCG) Company, Completes Major Acquisition, Uniting Two Automotive Group Dynasties
NEW YORK--(BUSINESS WIRE)--DCG Acquisitions, a Dave Cantin Group (DCG) company, today announced the successful completion of an acquisition uniting two automotive group juggernauts.
DCG represented both parties, whereby the Gee Automotive Companies—among the top three largest family-owned and operated automotive groups in the Pacific Northwest, acquired Dick’s Auto Group—one of the oldest family-owned and operated automotive groups in western Portland.
“Our relationship with DCG Acquisitions has truly exceeded our expectations for a Mergers & Acquisitions firm,” said Ryan Gee CEO Gee Automotive Companies. “This is our first closed deal with DCG Acquisitions but I am confident that there will be many more over years to come. We look forward to working with George Pero and his team at DCG on future deals as we continue to grow and expand.”
“This is our second closed deal with DCG Acquisitions in less than 12 months,” said Shannon Inukai-Cuffee, Co-owner Dick’s Auto Group. “Fast forward to today and here we are again with yet another successful transaction because of our relationship with DCG. This time, we asked DCG to find us a suitable buyer and that is exactly what Joe Beaver did. In addition, George Pero spent countless hours providing our family guidance and counsel to a level I never dreamed of. I always felt DCG was with us every step of the way!”
The transaction consisted of Dick's Hillsboro Chevrolet, Dick's Country CDJR, and Dick's Mackenzie Ford. Under the new ownership they will be known as Tonkin Hillsboro Chevrolet, Tonkin CDJR and Tonkin Hillsboro Ford.
“This smart, incredible opportunity quickly seized by Gee Automotive Companies to acquire Dick’s Automotive Group is a perfect example of how the organization is able to continually grow in specific markets while remaining consistent with their investment strategy,” said Dave Cantin, DCG Founder and CEO.
Gee Automotive Companies has more than 40 OEM franchises in 33 locations.
About Dave Cantin Group:
Dave Cantin Group (DCG) is headquartered at the prestigious Rockefeller Center in New York City, with additional offices nationwide. DCG encompasses three full-service areas, DCG Mergers & Acquisitions and DCG Capital specializing in automotive acquisitions, capital services for automotive dealers, succession planning, and managing the sale and purchase of automotive dealerships. DCG’s team has collectively closed billions in dealership automotive mergers and acquisitions. DCG is one of the world’s largest automotive dealership M&A firms assisting automotive owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. DCG supports a company’s growth by providing buy/sell opportunities and identifying potential to expand geographic territories. In addition, Dealer News Today is a partnership between the Dave Cantin Group and Cox Automotive. The Dealer News Today Podcast Series hosted by Derek D is on the cutting edge of automotive news where the focus is 100% providing auto content and insights dealers need today and require for success tomorrow. DCG Gives Back: The Dave Cantin Group is committed to donating a percentage of all of DCG Acquisitions’ revenues to a charity that fights childhood causes in the acquired dealership location. For more information about Dave Cantin Group visit www.davecantingroup.com @davecantingroup
Contacts
Nick Mitsis
nmitsis@percepture.com
202-361-5789
