ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Dennis & Co. Auto Group Continues Expansion With the Acquisition of Barton Chevrolet Cadillac

The rapidly growing Dennis & Co. Auto Group continues the expansion of its franchised dealership network with the acquisition of Barton Chevrolet Cadillac, its sixth new location in just eight months.

WEST NYACK, N.Y. - February 17, 2022 - (Newswire.com)

On Tuesday, Feb. 8, 2022, the Dennis & Co. Auto Group closed on its acquisition of Barton Chevrolet Cadillac in Newburgh, New York, bringing the group's store count up to 14 brands across 10 locations. The dealership has been renamed Unity Chevrolet Cadillac of Newburgh.

"We are excited to maintain the standard of customer service excellence provided to Unity customers by the retiring dealer of 40 years. This location and the addition of Chevrolet and Cadillac to our group is a perfect combination. Our focus on customer satisfaction and experience, as well as investing in training and creating opportunities for our employees, has, in turn, provided us the opportunity to accelerate our growth. We look forward to implementing our processes and digital strategy at our recently acquired locations and aggressively pursuing future dealerships within our core markets," said Brian Dennis, President of Dennis & Co. and current Chairman of the New York State Auto Dealers Association.

Unity Chevrolet Cadillac is the latest in a series of acquisitions for the Dennis & Co. Auto Group. Other notable transactions include:

• In May 2021, Dennis & Co. purchased the 60-year-old Carmody Ford located near Saratoga Springs, New York. With a 40% market share, the completely renovated and fully compliant facility sits on more than five acres with a 12,000 square foot service center. The group renamed the dealership Greenwich Ford and is currently adding drive-through service lanes, an expanded service department, and a new body shop.

• After being awarded a Rockland County open point by Volkswagen Group, Dennis & Co. opened the brand-new Volkswagen of Nanuet in June 2021. The 30,000 square foot facility, on 2.6 acres, is the largest VW dealership in the Northeast and one of the first to have the Volkswagen Lighthouse, a double-stacked new electric vehicle display.

• Expanding its reach into New Jersey, Dennis & Co. purchased Buick GMC of Mahwah in Mahwah, NJ, in August 2021. Sitting on just under three acres and with recent upgrades, the dealership now caters to a luxury market.

• The addition of Chrysler Dodge Jeep Ram FIAT of Manhattan marks the group's third Stellantis location and its first acquisition in the borough of Manhattan. Purchased in December 2021, the superstore is located in the heart of the city amongst the skyscrapers of Midtown West.

• Alfa Romeo and Maserati of Manhattan is the group's first time partnering with Alfa Romeo and Maserati. The twin showroom was purchased by Dennis & Co. in December 2021. Located on the Westside Highway, overlooking the Hudson River, the dealership will boast state-of-the-art displays, diverse exotics inventory, an automotive history showcase, and an atmosphere curated for upscale New York City.

About Dennis & Co. Auto Group

Brian Dennis founded Dennis & Co. in 2006 with a single dealership, Riverdale Chrysler Jeep, and has steadily grown the company into a major automotive dealership network in the Metropolitan New York region. The platform has a diversified portfolio of 14 brands across 10 locations, including Chrysler, Jeep, Dodge, Ram, Kia, Volkswagen, Ford, Buick, GMC, Fiat, Alfa Romeo, Maserati, Chevrolet, and Cadillac. The group also owns and operates a used-only dealership and two collision centers. The group has 600+ employees and operates to the highest customer sales and service standards.




Press Release Service by Newswire.com

Original Source: Dennis & Co. Auto Group Continues Expansion With the Acquisition of Barton Chevrolet Cadillac
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.