Murgado Automotive Group of Miami has expanded once more within the Chicago space, about three months after buying two dealerships within the area.
The group’s CEO, Mario Murgado, on Friday bought two dealerships from Paul Tamraz, founder, and Mick Austin, CEO, of Motor Werks Auto Group in Barrington, Sick., a Murgado spokesman confirmed to Automotive Information.
The deal provides a Cadillac dealership, plus a retailer promoting the Mercedes-Benz, BMW, Porsche, Infiniti and Honda manufacturers, all in separate showrooms below one roof. Each shops are in Barrington, northwest of Chicago.
“Motor Werks was the primary Cadillac dealership that I ever visited as a boy with my father in 1975, so I’m deeply accustomed to the model and its legacy,” Mario Murgado stated in an announcement.
The group plans to relocate the Cadillac dealership to the 40-acre campus that homes the 5 different manufacturers, based on the spokesman.
Cadillac’s constructing shall be separate, he stated.
Motor Werks Auto was based in 1971.
“They constructed a fantastic household enterprise and have set a excessive bar, however we’re as much as the problem,” Murgado stated in an announcement.
The dealership names will keep the identical and no main staffing adjustments are deliberate, based on Murgado Automotive.
Murgado on Dec. 5 additionally bought a Honda dealership in Libertyville, Sick., and an Acura retailer in Highland Park, Sick., each in metro Chicago.
The group in 2017 bought a Honda-Volkswagen dealership in Chicago. Murgado additionally owns dealerships in Florida and New Jersey.
Murgado Automotive ranks No. 103 on Automotive Information’ most up-to-date record of the highest 150 dealership teams primarily based within the U.S., retailing 9,943 new autos in 2021.