Dealer groups branch out into new states with acquisitions in Ariz., Vt.

Two dealership groups ventured into new territory with acquisitions in states outside their previous footprint.
Texas-based Casa Auto Group, which operates 11 dealership locations in its hometown of El Paso and Southern New Mexico, has taken a step to the west with its first acquisitions in Arizona.
Casa purchased Chevrolet/Cadillac and Nissan dealerships in Prescott, Ariz., from Lamb Auto Sales, according to Kerrigan Advisors, which represented the seller in the transaction.
Casa, founded in 1969 by Wally Lowenfield, has renamed the dealerships, which share a location at 400 Prescott Lakes Parkway, Casa Chevrolet/Cadillac of Prescott and Casa Nissan of Prescott.
Kerrigan noted Prescott, about 80 miles north of Phoenix, is Arizona’s third-largest metropolitan area and the state’s fastest-growing metro area.
Lamb Auto Sales sold the dealerships because CEO Ted Lamb is retiring, Kerrigan said. The company was founded in 1957 when Theo Lamb acquired a Chevrolet Oldsmobile Cadillac dealership in Prescott. Ted Lamb purchased half of the business from his father 10 years later and added the Nissan franchise in 1996.
“After more than 60 years in business, we are pleased to be able to pass the torch to the Lowenfield family who, I have no doubt, will uphold our legacy with integrity,” Lamb said.
Hoffman Auto adds Vermont’s top Subaru, Hyundai stores
Hoffman Auto Group just bought a pair of aces.
The Connecticut-based company has acquired Burlington Subaru and Burlington Hyundai in Burlington, Vt., from 802 Cars. Kerrigan, which represented the seller and announced the deal, said both dealerships rank No. 1 in Vermont for sales of their brand.
Hoffman operates 10 other dealerships and two collision centers, all in Connecticut. 802 Cars continues to operate 802 Honda, 802 Toyota and 802 Subaru in Berlin, Vt.
“In today’s buy/sell market, buyers are increasingly prioritizing higher volume dealerships, and Burlington Subaru and Burlington Hyundai stood out,” Kerrigan Advisors senior vice president Gabe Robleto said. “Vermont’s exceptionally strong Subaru market share and Burlington’s growing economy made this a highly attractive opportunity.”