Jeff Wyler Automotive buys 7 dealerships from Superior Automotive

Jeff Wyler Automotive Spouse and children Inc. of Milford, Ohio, has obtained 7 dealerships from Top-quality Automotive Team in its biggest-ever acquisition, introducing to its presence in the Buckeye Condition by way of a number of import brand names and its very first Acura dealerships.

The transaction, which shut Thursday, was for three Hyundai dealerships, two Acura shops and Kia and Honda outlets: Remarkable Acura in Fairfield, Exceptional Honda in Cincinnati, Exceptional Kia in Cincinnati, Excellent Hyundai North in Fairfield, Top-quality Hyundai South in Cincinnati, Exceptional Acura of Dayton in Centerville and Superior Hyundai of Beavercreek, all in Ohio.

“We are excited to deliver these 7 Remarkable dealerships into the Jeff Wyler Automotive Family. We know one particular way — ahead — as we continue to grow and direct the marketplace not only in Cincinnati, but nationwide,” Jeff Wyler President David Wyler explained in a statement. “Our target is to not only grow, but to also turn into much more customer going through just about every yr and the addition of these dealerships suggests an even much larger collection of inventory for our customers domestically and across the U.S.”

The Jeff Wyler group now has 23 dealerships in Ohio, Kentucky and Indiana.

The dealerships ended up renamed Jeff Wyler Acura of Fairfield, Jeff Wyler Acura of Dayton, Jeff Wyler Hyundai of Fairfield, Jeff Wyler Outstanding Hyundai, Jeff Wyler Excellent Honda, Jeff Wyler Hyundai of Beavercreek and Jeff Wyler Remarkable Kia.

A utilised-auto dealership, Mike Albert Revenue & Services in Cincinnati, was not aspect of the transaction, claimed Kevin Frye, Jeff Wyler Automotive’s internet marketing director. Terms of the transaction weren’t disclosed.

The acquisition would incorporate about $400 million in yearly profits and about 10,000 yearly motor vehicle income, in accordance to a Cincinnati Business Courier report.

Remarkable Automotive, of Cincinnati, was established in 1924, in accordance to Haig Associates, a buy-offer firm in Fort Lauderdale, Fla., which represented the vendor in the transaction. Kevin Nill and Alan Haig were brokers.

“I am happy the Wylers are getting the stores as I know they will continue to create on the legacy our family members has designed,” stated John Betagole, president of Exceptional Automotive, in a statement.

The transaction follows Jeff Wyler’s December order of Mercedes-Benz of Louisville in Kentucky.

Jeff Wyler Automotive ranks No. 38 on Automotive News‘ most recent list of the top rated 150 dealership teams based in the U.S., with 21,592 new-vehicle retail profits in 2020. The team mentioned its new- and applied-vehicle revenue put together topped 45,000 very last yr.