Metropolis Auto Group co-owner buys dealerships in Indiana, Iowa
Vendor Shawn Kohli, co-owner of Metropolis Auto Group in Chicago, purchased two dealerships on his personal in two separate offers.
Kohli mentioned he purchased Berman Infiniti of Merrillville in Indiana from Berman Auto Group on Dec. 16. The dealership was renamed Patriot Infiniti of Merrillville. Merrillville, in northwest Indiana, is south of Gary.
It marks the primary Infiniti retailer for Kohli.
“I like to purchase undervalued belongings, simply usually, not simply with automobile dealerships, however actual property, no matter,” Kohli instructed Automotive Information. “I feel this was positively an undervalued asset, with a possibility to construct a price slightly than pay for it.”
Slightly over a month later, Kohli purchased one other dealership, this time in a brand new state.
Kohli on Jan. 17 purchased Strieter Motor Co., a Lincoln dealership, in Davenport, Iowa, from Jeff Helms. The dealership was renamed Patriot Lincoln of Davenport. Davenport is in jap Iowa, alongside the Mississippi River and throughout from the Illinois border.
Lincoln can be a brand new model for Kohli.
Kohli owns Metropolis Auto with companion Anthony Scala. Metropolis Auto, which purchased a Stellantis dealership in April in Wisconsin, additionally owns a Chevrolet dealership and two Volkswagen shops in Illinois, plus a Volkswagen dealership in Indiana.
Paul Kechnie and Mark Shackelford of the Texas and Midwest area of Efficiency Brokerage Companies, an Irvine, Calif., buy-sell agency, facilitated each the Merrillville and Davenport transactions.
Dick Hannah Dealerships expands in Portland, Ore., space
Dick Hannah Dealerships of Vancouver, Wash., expanded within the Portland, Ore., space on Oct. 17 when it bought two dealerships in Sandy, Ore., from Suburban Auto Group.
The previous Suburban Ford retailer was renamed Dick Hannah Ford whereas the previous Suburban Chevrolet retailer was renamed Dick Hannah Chevrolet, in line with DCG Acquisitions, which brokered the deal. Sandy is southeast of Portland.
“We’re wanting ahead to serving Sandy, Ore., and surrounding communities,” Jennifer Hannah, vice chairman of Dick Hannah Dealerships, mentioned in an announcement on the group’s web site.
The family-owned Dick Hannah group has dealerships in Washington and Oregon, in line with its web site.
Nancy and Jerry Jaksich and their daughter Erinn Sowle owned the dealerships underneath the Suburban Auto Group title, in line with a narrative in The Sandy Publish.
George Pero, nationwide vice chairman of gross sales for DCG Acquisitions, represented the customer and vendor within the transaction.