One other busy week of dealership actions unfolded with an acquisition involving seven franchises, a supplier affiliation rolling out its annual effort to assist school college students in addition to one other massive supplier group elevating $100,000 for 2 dozen charities.
Let’s start with the newest M&A transfer involving Haig Companions, which was the unique sell-side advisor to Cincinnati-based Superior Automotive Group on the sale of its seven Ohio dealerships to Jeff Wyler Automotive Household.
Based on a information launch from Haig, the transaction contains Superior Acura, Superior Honda, Superior Kia, Superior Hyundai North, and Superior Hyundai South in higher Cincinnati and Superior Acura of Dayton and Superior Hyundai of Beavercreek in higher Dayton.
Haig recapped that Superior Automotive Group was established in 1924 and is one in all Ohio’s oldest dealership teams. With roots primarily based in Cincinnati, the enterprise expanded over time to serve all of Ohio and northern Kentucky.
“I’m completely happy the Wylers are shopping for the shops as I do know they may proceed to construct on the legacy our household has created,” Superior Automotive Group president John Betagole mentioned within the information launch.
Haig talked about the Jeff Wyler Automotive Household now owns 23 dealerships positioned in Ohio, Kentucky and Indiana.
“We’re excited to carry these seven Superior dealerships into the Jeff Wyler Automotive Household. We all know one course — ahead — as we proceed to develop and lead the market not solely in Cincinnati, however nationwide,” David Wyler of the Jeff Wyler Automotive Household mentioned.
“Our focus is to not solely develop however to additionally develop into extra shopper going through yearly, and the addition of those dealerships means an excellent bigger collection of stock for our buyers regionally and throughout the U.S,” Wyler added.
The crew at Haig Companions has been concerned within the buy or sale of 54 dealerships within the Midwest Area.
“Some sellers who could not have beforehand thought of promoting are reevaluating their choices. Dealership income are hovering, and the demand for shops continues to hit report ranges,” mentioned Kevin Nill, a accomplice with Haig Companions. “It was an honor to work with the Betagole household to assist them navigate the choice to promote the household enterprise. We admire their belief within the crew at Haig Companions to assist them maximize the worth of their lives’ work.”
CDK World, NAMAD launches sixth annual Fueling Careers Scholarship
Future automotive leaders once more can get some help via a program orchestrated by CDK World and the Nationwide Affiliation of Minority Car Sellers (NAMAD),
This week, CDK and NAMAD opened the appliance course of for the sixth annual Fueling Careers Scholarship Program. Based on a information launch this system helps ethnic minority highschool college students of dealership workers who show monetary want of their pursuit of a school schooling.
This system is funded by CDK and can award as much as 5 $10,000 scholarships per 12 months to highschool seniors coming into an accredited school or college.
Since 2017, CDK and NAMAD have awarded $250,000 in scholarships.
Kathy Gilbert is senior director of minority sellers and girls retail at CDK World.
“We’re enthusiastic about persevering with to help bold younger women and men who’re dedicated to pursuing academic objectives that put together them for significant, productive and fulfilling careers,” mentioned Gilbert, who additionally was among the many Ladies in Retail honorees highlighted throughout Used Automobile Week 2019.
“NAMAD has been a perfect accomplice for making this program a actuality for six consecutive years, as we proceed working towards enhancing the lives of those college students and their households and empowering them to make important contributions to society,” Gilbert continued within the information launch
Candidates can submit purposes via Could 6 on the Fueling Careers Scholarship Program web site. Recipients shall be introduced on the NAMAD Annual Assembly.
The scholarship software and award course of are managed by Worldwide Scholarship and Tuition Companies, Inc. (ISTS).
The information launch indicated dealership workers of a NAMAD member with highschool college students might want to full an internet software and fulfill all eligibility necessities.
NAMAD president Damon Lester mentioned, “We now have a novel alternative and essential accountability to assist form the longer term expertise for the automotive trade.
“Supporting our minority supplier neighborhood has been a crucial platform for each CDK and NAMAD. Via this scholarship program, we’re paving the best way for outstanding college students inside our minority supplier physique to succeed,” Lester added.
The information launch additionally highlighted the impression this system could make. Sebastian Watler, a mechanical engineering main at Lamar College, was a 2021 Fueling Careers Scholarship winner.
“I’m extremely grateful to CDK and NAMAD for this blessing,” Watler mentioned. “Ever since I used to be younger, I’ve at all times been within the thought of constructing one thing of my very own creation and creativeness. Thus, I took a significant curiosity in science and know-how.
“The world wants higher advances in know-how, and the auto trade is likely one of the areas I might assist. Irrespective of the place you’re on the earth, automobiles are round you,” Watler went on to say.
Philanthropy at Park Place Dealerships
The American Worldwide Car Sellers Affiliation used its weekly philanthropy to level out the achievements by Park Place Dealerships, which grew to become a part of Asbury Automotive Group in August 2020.
Based on a weblog publish on the group’s web site, Park Place Dealerships gave $100,000 to 24 native non-profits via the SEASON OF GIVING marketing campaign, which celebrated its thirty fifth 12 months in north Texas.
Park Place mentioned chosen the organizations for its SEASON OF GIVING marketing campaign due to their dedication to serving the Dallas/Fort Price neighborhood.
The group highlighted {that a} committee comprised of Park Place members from totally different dealerships throughout north Texas chosen the non-profits out of greater than 350 purposes acquired.
Underneath Park Place Cares, the corporate’s philanthropic arm, the corporate donated $100,000 to 24 charities that met the next standards:
—A 501(c)(3) non-profit group
—Helps one in all Park Place Cares’ Pillars of Giving, which embrace schooling, medical, advocacy, or the humanities
—Serves at the very least one of many following counties: Dallas, Tarrant, Collin, Denton, Ellis, Rockwall, Kaufman, Hunt, or Johnson
—The charity can not have acquired donations or in-kind help from Park Place in 2021
“Deciding on these non-profits was very difficult,” mentioned Tony Carimi, managing director of Park Place Dealerships. “There are such a lot of worthy non-profits doing admirable work within the areas we wish to impression. Our crew had the tough process of narrowing down the charities from 350 to 24 throughout North Texas to make the best impression throughout our Season of Giving.”
The charities receiving a grant included:
Denton Co. Mates of the Household
Journey to Dream Basis
Canine Companions
For Oak Cliff
Rainbow Room of Rockwall
A Want with Wings
Don’t Overlook to Feed Me Pet Meals Financial institution
Ally’s Want
Tara Sawyer Basis
LGBTQ Saves
Defenders of Freedom
Dwell with Dignity
Laughter League
Cara Mîa Theatre
Texas Winds Musical Outreach
Sixty & Higher
Camp Summit
The Jordan Elizabeth Harris Basis
Bettie Gonzalez Basis of Hope
Computer systems for the Blind
Heavenly Hooves Therapeutic & Leisure Driving Middle
Heroes for Kids
Project4031
“We’re humbled to have acquired such an unimaginable response to the SEASON OF GIVING marketing campaign with the chance to achieve so many individuals throughout our neighborhood via these excellent non-profits,” mentioned Anam Ali Hashambhai, advertising and marketing director for Park Place Dealerships. “Over the previous 35 years, we’ve donated tens of millions of {dollars} and numerous volunteer hours to help nice causes throughout north Texas, however that is the primary time we now have carried out this kind of giveaway.
“The SEASON OF GIVING marketing campaign expands our benevolence giving this vacation season to organizations we haven’t labored with beforehand. We stay up for growing these new relationships within the 12 months to return,” Ali Hashambhai went on to say.