SAH - Mergers and acquisitions

IRVINE, Calif., Dec. 6, 2024 /PRNewswire/ -- Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of Motorcycles of Charlotte and Motorcycles of Greensboro in North Carolina to Sonic Automotive from Mark and Gail Engel. Performance Brokerage Services, North America's highest volume dealership brokerage firm, is pleased to announce the sale of Motorcycles of Charlotte and Motorcycles of Greensboro in North Carolina to Sonic Automotive from Mark and Gail Engel. Sonic Automotive, a publicly traded Fortune 500 company headquartered in Charlotte, North Carolina (NYSE stock symbol: SAH), is ranked #6 on the 2024 Automotive News Top 150 Dealership Groups b

The acquisition solidifies Sonic's commitment to its emerging powersports segment Sonic Automotive, Inc. ("Sonic'' or the "Company") ((SAH), a Fortune 500 Company and one of the nation's largest automotive retailers, today announced the acquisition of Black Hills Harley-Davidson, the world-wide preeminent Harley-Davidson dealership located in Rapid City, South Dakota and home of the Sturgis Motorcycle Rally, the largest motorcycle rally in the world. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230215005177/en/Black Hills Harley-Davidson (Photo: Business Wire) Black Hills Harley-Davidson is western South Dakota's only full-ser

This transaction marks Sonic's 8th Audi franchise and 112th franchised dealership overall Sonic Automotive, Inc. ("Sonic'' or the "Company") ((SAH), a Fortune 500 Company and one of the nation's largest automotive retailers, today announced it has acquired Audi Owings Mills. This transaction marks Sonic's 8th Audi franchise and 112th franchised dealership overall. Located in Owings Mills, Maryland, the dealership serves residents of the greater Baltimore area and surrounding regions with a wide selection of new and pre-owned Audi vehicles and manufacturer-authorized parts and service. "With the acquisition of Audi Owings Mills coming on the heels of our acquisition of Volkswagen of Falls

This Marks the Company's 6th Chevrolet Franchise and 111th Franchised Dealership Location Sonic Automotive Inc. ("Sonic" or the "Company") ((SAH), a Fortune 500 Company and one of the nation's largest automotive retailers, today announced the acquisition of Sun Chevrolet in Chittenango, New York. The dealership was founded by Joe Caputo in 1979. Caputo, along with his son Todd, grew the business over 40 years, serving residents of Central New York with new and pre-owned vehicles through Sun Chevrolet and three Used Car King pre-owned dealership locations that were acquired by Sonic in December 2020. Todd Caputo remains with the Company and has taken a leadership position with EchoPark Aut

This Marks the Company's 4th Volkswagen Dealership and 89th Franchised Dealership Overall Sonic Automotive, Inc. ("Sonic" or the "Company") ((SAH), a Fortune 500 Company and one of the nation's largest automotive retailers, today announced the acquisition of Cook Volkswagen in Fallston, Maryland. Effective today, the Company will operate the dealership as Volkswagen of Fallston, marking the 89th franchised location in the Company's portfolio and its fourth Volkswagen dealership. The dealership was one of the first Volkswagen franchises in the country and has been in operation for over 50 years. Located 30 miles from Baltimore, the dealership serves residents of Harford County and surround

This Marks the Company's 17th Franchised Dealership in the State of Texas and 88th Franchise Dealership Overall Sonic Automotive, Inc. ("Sonic" or the "Company") ((SAH), a Fortune 500 Company and one of the nation's largest automotive retailers, today announced the acquisition of Bobby Ford Chrysler Dodge Jeep RAM in Sealy, Texas. Effective today, the Company will operate the dealership as Momentum Chrysler Dodge Jeep RAM of Sealy, marking the 88th franchised location in the Company's portfolio and its first Chrysler Dodge Jeep RAM (CDJR) dealership. The dealership serves residents of Houston, Katy, Columbus, Brookshire, Sealy and surrounding areas of South Texas with new and pre-owned ve

Audi Glenwood Springs Is Sonic's 7th Audi Franchise Glenwood Springs Volkswagen Is Sonic's 4th Volkswagen Franchise Sonic Automotive, Inc. ("Sonic" or the "Company") ((SAH), a Fortune 500 Company and one of the nation's largest automotive retailers, today announced the acquisition of Audi Glenwood Springs and Glenwood Springs Volkswagen in Glenwood Springs, Colorado. "We continue to enhance our automotive sales and service network in the state of Colorado, with the addition of Audi Glenwood Springs and Glenwood Springs Volkswagen to our franchised dealership network," said David Smith, Chief Executive Officer of Sonic Automotive and EchoPark Automotive. "Both dealerships share a brand pro

Grand Junction Subaru Adds An Additional Brand To Sonic's Portfolio Grand Junction Volkswagen Becomes Sonic's 3rd Volkswagen Franchise Sonic Automotive, Inc. ("Sonic" or the "Company") ((SAH), a Fortune 500 Company and one of the nation's largest automotive retailers, today announced the acquisition of Grand Junction Subaru and Grand Junction Volkswagen in Grand Junction, Colorado. "We are very excited to add these two great franchises to the Sonic Automotive family, further strengthening our automotive sales and service network in the Colorado market," said David Smith, Chief Executive Officer of Sonic Automotive and EchoPark Automotive. "Each of these award-winning dealerships has demon