Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Murgado Automotive Group Acquires Six Motor Werks Dealerships in Illinois By: News Direct March 20, 2023 at 08:00 AM EDT --News Direct--Murgado Automotive Group, a leading automotive retailer with dealer franchises in Florida, Illinois, and New Jersey, has announced the acquisition of Motor Werks Auto Group, a prestigious and respected automobile retailer based in Barrington, Illinois. The acquisition includes BMW, Cadillac, Honda, Infiniti, Porsche, and Mercedes-Benz dealerships and grows Murgado Automotive Group to 24 dealership locations, selling economy to ultra-luxury brands. The sale closed on March 17, 2023.The acquisition of Motor Werks by Murgado Automotive Group is part of the company's strategic expansion plan to increase its market presence and customer base. The addition of Motor Werks to Murgado Automotive Group's dealer franchise portfolio will enable the company to offer a broader range of automotive brands and services to customers in the Chicagoland area. Murgado Automotive Group already operates Honda of Downtown Chicago, Volkswagen of Downtown Chicago, Honda Libertyville, and Acura Highland Park.“Motor Werks was the first Cadillac dealership that I ever visited as a boy with my father in 1975, so I am deeply familiar with the brand and its legacy,” said Mario Murgado, president and CEO of Murgado Automotive Group. “We are proud and excited to welcome Motor Werks to our family of dealerships and add to our presence in Greater Chicago. We look forward to working with the many long-time and experienced employees and extending the tradition and success of Motor Werks.”Founded in 1971 with one store in downtown Barrington, Motor Werks grew into a state-of-the-art campus that is recognized as one of the most successful automotive retailers in Illinois. The Motor Werks brand will be retained, and no major staffing changes were announced. Customers of Motor Werks can expect a seamless transition of ownership and continued commitment to providing an outstanding automotive retail experience.“I want to thank Paul Tamraz and Mick Austin for the opportunity to acquire their incredible stores,” said Murgado. “They built a beautiful family business and have set a high bar, but we are up to the challenge.”Murgado Automotive Group, founded in Miami, Fla. In 2001, is a family-owned and operated automotive retailer with 24 dealer franchises in Florida, Chicago, and New Jersey. The company represents leading automotive brands, including Acura, Alfa Romeo, Audi, Bentley, BMW, Buick, Cadillac, Ferrari, GMC, Honda, Infiniti, Maserati, Mazda, Mercedes-Benz, Porsche, and Volkswagen. With a commitment to exceptional customer service and operational excellence, Murgado Automotive Group has been recognized as one of the top automotive retailers in the United States. More information is available at MurgadoAutomotiveGroup.com. Contact DetailsJohn P. David+1 305-724-3903john@davidpr.comCompany Websitehttps://www.murgadoautomotivegroup.com/View source version on newsdirect.com: https://newsdirect.com/news/murgado-automotive-group-acquires-six-motor-werks-dealerships-in-illinois-726612280 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Murgado Automotive Group Acquires Six Motor Werks Dealerships in Illinois By: News Direct March 20, 2023 at 08:00 AM EDT --News Direct--Murgado Automotive Group, a leading automotive retailer with dealer franchises in Florida, Illinois, and New Jersey, has announced the acquisition of Motor Werks Auto Group, a prestigious and respected automobile retailer based in Barrington, Illinois. The acquisition includes BMW, Cadillac, Honda, Infiniti, Porsche, and Mercedes-Benz dealerships and grows Murgado Automotive Group to 24 dealership locations, selling economy to ultra-luxury brands. The sale closed on March 17, 2023.The acquisition of Motor Werks by Murgado Automotive Group is part of the company's strategic expansion plan to increase its market presence and customer base. The addition of Motor Werks to Murgado Automotive Group's dealer franchise portfolio will enable the company to offer a broader range of automotive brands and services to customers in the Chicagoland area. Murgado Automotive Group already operates Honda of Downtown Chicago, Volkswagen of Downtown Chicago, Honda Libertyville, and Acura Highland Park.“Motor Werks was the first Cadillac dealership that I ever visited as a boy with my father in 1975, so I am deeply familiar with the brand and its legacy,” said Mario Murgado, president and CEO of Murgado Automotive Group. “We are proud and excited to welcome Motor Werks to our family of dealerships and add to our presence in Greater Chicago. We look forward to working with the many long-time and experienced employees and extending the tradition and success of Motor Werks.”Founded in 1971 with one store in downtown Barrington, Motor Werks grew into a state-of-the-art campus that is recognized as one of the most successful automotive retailers in Illinois. The Motor Werks brand will be retained, and no major staffing changes were announced. Customers of Motor Werks can expect a seamless transition of ownership and continued commitment to providing an outstanding automotive retail experience.“I want to thank Paul Tamraz and Mick Austin for the opportunity to acquire their incredible stores,” said Murgado. “They built a beautiful family business and have set a high bar, but we are up to the challenge.”Murgado Automotive Group, founded in Miami, Fla. In 2001, is a family-owned and operated automotive retailer with 24 dealer franchises in Florida, Chicago, and New Jersey. The company represents leading automotive brands, including Acura, Alfa Romeo, Audi, Bentley, BMW, Buick, Cadillac, Ferrari, GMC, Honda, Infiniti, Maserati, Mazda, Mercedes-Benz, Porsche, and Volkswagen. With a commitment to exceptional customer service and operational excellence, Murgado Automotive Group has been recognized as one of the top automotive retailers in the United States. More information is available at MurgadoAutomotiveGroup.com. Contact DetailsJohn P. David+1 305-724-3903john@davidpr.comCompany Websitehttps://www.murgadoautomotivegroup.com/View source version on newsdirect.com: https://newsdirect.com/news/murgado-automotive-group-acquires-six-motor-werks-dealerships-in-illinois-726612280
--News Direct--Murgado Automotive Group, a leading automotive retailer with dealer franchises in Florida, Illinois, and New Jersey, has announced the acquisition of Motor Werks Auto Group, a prestigious and respected automobile retailer based in Barrington, Illinois. The acquisition includes BMW, Cadillac, Honda, Infiniti, Porsche, and Mercedes-Benz dealerships and grows Murgado Automotive Group to 24 dealership locations, selling economy to ultra-luxury brands. The sale closed on March 17, 2023.The acquisition of Motor Werks by Murgado Automotive Group is part of the company's strategic expansion plan to increase its market presence and customer base. The addition of Motor Werks to Murgado Automotive Group's dealer franchise portfolio will enable the company to offer a broader range of automotive brands and services to customers in the Chicagoland area. Murgado Automotive Group already operates Honda of Downtown Chicago, Volkswagen of Downtown Chicago, Honda Libertyville, and Acura Highland Park.“Motor Werks was the first Cadillac dealership that I ever visited as a boy with my father in 1975, so I am deeply familiar with the brand and its legacy,” said Mario Murgado, president and CEO of Murgado Automotive Group. “We are proud and excited to welcome Motor Werks to our family of dealerships and add to our presence in Greater Chicago. We look forward to working with the many long-time and experienced employees and extending the tradition and success of Motor Werks.”Founded in 1971 with one store in downtown Barrington, Motor Werks grew into a state-of-the-art campus that is recognized as one of the most successful automotive retailers in Illinois. The Motor Werks brand will be retained, and no major staffing changes were announced. Customers of Motor Werks can expect a seamless transition of ownership and continued commitment to providing an outstanding automotive retail experience.“I want to thank Paul Tamraz and Mick Austin for the opportunity to acquire their incredible stores,” said Murgado. “They built a beautiful family business and have set a high bar, but we are up to the challenge.”Murgado Automotive Group, founded in Miami, Fla. In 2001, is a family-owned and operated automotive retailer with 24 dealer franchises in Florida, Chicago, and New Jersey. The company represents leading automotive brands, including Acura, Alfa Romeo, Audi, Bentley, BMW, Buick, Cadillac, Ferrari, GMC, Honda, Infiniti, Maserati, Mazda, Mercedes-Benz, Porsche, and Volkswagen. With a commitment to exceptional customer service and operational excellence, Murgado Automotive Group has been recognized as one of the top automotive retailers in the United States. More information is available at MurgadoAutomotiveGroup.com. Contact DetailsJohn P. David+1 305-724-3903john@davidpr.comCompany Websitehttps://www.murgadoautomotivegroup.com/View source version on newsdirect.com: https://newsdirect.com/news/murgado-automotive-group-acquires-six-motor-werks-dealerships-in-illinois-726612280
