Martin Management’s purchase of California follows its purchase of a Stellantis store in Ohio in September.
On September 14, the group purchased an Evans Arena Chrysler Dodge Jeep Ram in Dayton, Ohio from dealer Jim Evans, Martin said. The dealer was renamed Dayton Chrysler Dodge Jeep Ram. Martin Management now has four of his dealerships in the Dayton area, a Subaru dealership and he joins two of his Kia dealerships.
Tim Wilde, director of the Midwest and Plains region for Tim Lam Group, a trading firm in Columbus, Ohio, represented the seller in the transaction.
In the third quarter, Martin Management purchased a Volkswagen store in West Virginia.
On August 30, the group purchased a Weimer Volkswagen of Morgantown from the Weimer family. The dealer Volkswagen he renamed Morgantown.
Morgantown, home to West Virginia University, is located in the northern part of the state near the Pennsylvania border.
The Volkswagen store will be Martin Management’s second dealership in West Virginia. I own an Audi Volkswagen store in Clarksburg, south of Morgantown.
“They’ve been great partners for us,” Martin said of Volkswagen. It seemed like a great synergy.”
Martin said the West Virginia acquisition is the first for the group since it acquired a Nissan dealership in El Monte.
The Morgantown transaction was facilitated by Courtney Bernhard and George Chaconas of the Southeast region of Performance Brokerage Services, a brokerage firm in Irvine, California.
Martin Management also has dealers in South Carolina, Kentucky, and Tennessee.