Bryan DeBoer, president and CEO of Lithia Motors Inc., recently recognized the new acquisition of Henderson Hyundai Superstore/Genesis.
The deal, brokered by DCG Acquisitions, continues a record-breaking year for the broker in automotive dealership transactions, a Business Wire press release said this week.
The dealership will keep the name Henderson Hyundai Superstore and will serve customers in Henderson, Las Vegas, North Las Vegas, Enterprise and Paradise, Nev.
“Lithia Motors’ success and growth rely heavily on those we choose to partner with, and DCG Acquisitions takes that responsibility as seriously as we do," DeBoer said in the release. "DCG is a trusted partner to Lithia and has successfully represented our acquisition and divestiture needs across the country. Dave and team are trusted advisors and true professionals that we look forward to relying on for years to come.”
George Pero, DCG Acquisitions’ national vice president of Sales, was also pleased with the results of the transaction.
"This latest deal we facilitated on behalf of Henderson Hyundai Superstore/Genesis and Lithia Motors is a prime example of how such acquisitions can increase the scale for automotive groups in competitive markets like Nevada," he said in the release. "With every deal, we commit to connecting qualified buyers with motivated sellers and going beyond the transaction to handle every aspect, from valuation to future growth."
Frank Maione, owner and president of Henderson Hyundai Superstore, said the acquisition was a smooth one, the release said.
Founded in 2018 and headquartered in New York City, DCG Acquisitions represented both the buyer and seller in the transaction, the release said.
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