Morgan Auto Group Buys South Motors and Vista Group

Morgan Auto Group has announced the acquisition of two dealer groups, South Motors and Vista Group. This strategic move solidifies the group's commitment to growth and market leadership in the South Florida region.
By: Morgan Automotive Group
 
TAMPA, Fla. - Jan. 22, 2024 - PRLog -- Morgan Automotive Group is thrilled to announce its significant expansion in South Florida through the acquisition of South Motors and Vista Group. This is the company's largest group acquisition to date, increasing the number of stores to 76. "On the heels of the purchase of both Al Hendrickson Toyota and Kendall Hyundai, this transaction solidifies our presence in Southeast Florida. We are proud of our concentrated retail portfolio in the growing state of Florida, but are especially excited to be in these vibrant, diverse and economically robust communities" said Larry Morgan, Chairman of Morgan Auto Group.

This acquisition represents a landmark moment for Morgan Automotive. It further strengthens the company's position as a key player in South Florida. It also adds a new OEM, INFINITI, to their growing list.

"This is a significant accomplishment," said Morgan Automotive CEO Brett Morgan. "We have enjoyed getting to know the employees here at South and Vista during the final steps of this transaction. There is a real yearning to learn, reach higher and achieve more amongst their people. We are excited to have them at the helm of our future successes in South Florida."

Morgan Automotive Group's acquisition adds 9 stores to the region's offering. They will now own 16 in the area.

Morgan Automotive Group is one of the largest automotive dealer groups in the nation, ranked #8 by Automotive News. The Tampa-based business has 76 dealerships across Florida representing 30 manufacturers including most domestics and imports, as well as luxury brands such as Porsche, Maserati and Lamborghini. Each dealership offers new, certified pre-owned and quality used vehicle sales, as well as vehicle parts, maintenance and repair services. The company's famous slogan, "When You Make It Morgan, We Make It Happen" is the cornerstone philosophy for all of Morgan's customer service and operations.
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Source:Morgan Automotive Group
Email:***@affinitiv.com Email Verified
Tags:Acquisition
Industry:Automotive
Location:Tampa - Florida - United States
Subject:Mergers
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