HGreg continues to grow with its latest acquisition of two additional dealerships in the Greater Los Angeles area.
The automotive group added Buena Park Nissan and Puente Hills Nissan to its current list of retailers, renaming them as HGreg Nissan Buena Park and HGreg Nissan Puente Hills, respectively.
“The response we’ve received since opening our first storefront and fulfillment center in L.A. last December has been astounding,” John Hairabedian, president and CEO of HGreg, told Businesswire. "It certainly contributed to driving us forward, and faster, in our expansion plans. Having three locations in the region with a growing team, deep inventory of vehicles and a laser focus on the customer experience is sure to help us continue to earn the trust of each and every customer who visits us in person or online."
Brown Auto Group closed the transaction with HGreg on May 3, but it continues to operate a Ford store in Puente Hills, according to AsumeTech.
This new investment, comprising inventory and renovations, has been projected at a value of over $100 million, which, according to HGreg officials, realizes the company’s continued growth plans for the West Coast. Ultimately, HGreg wants to drive a better and more streamlined vehicle experience to a wider market, Auto Remarketing reported.
Company founder Greg Hairabedian started HGreg in 1993, according to HGreg.com. It now has 22 stores across the U.S. and Canada, servicing an average of 25,000 customers annually.
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