In a recent series of notable dealership transactions, two well-known auto retailers, ALM Automotive Group and Escude Automotive Group, have made significant expansions in Georgia and South Carolina by acquiring domestic and import dealerships from larger groups. These acquisitions have reshaped the automotive landscape in the southeastern U.S. and have positioned both companies for further growth and success in the industry.
ALM Automotive Group, a prominent player in the new and used car dealership market in Georgia and South Carolina, recently acquired Nalley Chevrolet in Union City, Georgia, from Asbury Automotive Group. This strategic move, which was finalized on August 5, 2024, has allowed ALM Automotive to further solidify its presence in the region. The dealership has since been rebranded as ALM Chevrolet South, signaling a new chapter for the establishment under its new ownership.
Asbury Automotive Group, a publicly held auto retailer based in Duluth, Georgia, had listed several franchised dealerships for sale, including Nalley Chevrolet, with a total value of $206.6 million as of June 30. While it remains unclear whether Nalley Chevrolet was initially intended for divestment, the transaction was facilitated by Kerrigan Advisors, a reputable dealership sell-side firm. The acquisition of Nalley Chevrolet represents a significant milestone for ALM Automotive Group as it continues to expand its footprint and enhance its market presence.
On the other hand, Escude Automotive Group, led by majority owner Mark Escude II, made a notable move by acquiring two South Carolina dealerships from Anderson Automotive Group on August 12, 2024. The newly acquired stores, Chevrolet of Easley and Fred Anderson Nissan of Greer, have been rebranded as Escude Chevrolet of Easley and Escude Nissan of Greer, respectively. These acquisitions mark Escude’s and his partner Russell Antici’s entry into dealership ownership, signaling a new chapter in their automotive careers.
The Easley Chevrolet and Greer Nissan stores were previously part of the MCE Automotive group, which Escude’s father sold to Anderson Automotive last August. With a strong foothold in upstate South Carolina, Escude expressed enthusiasm about the opportunity and outlined plans for further expansion without geographic limitations. The acquisitions have positioned Escude Automotive Group for growth and success in the competitive automotive market, setting the stage for future developments and opportunities in the industry.
Overall, the acquisitions by ALM Automotive Group and Escude Automotive Group represent significant milestones in their respective growth strategies and market expansions. These transactions have reshaped the automotive landscape in Georgia and South Carolina, showcasing the dynamic nature of the industry and the opportunities available for strategic acquisitions and partnerships. As both companies continue to evolve and expand their operations, they are poised to make a lasting impact on the automotive market in the southeastern U.S. and beyond.