Victory Automotive Group, recent from the gross sales of two Honda shops in separate Could transactions, made its first acquisition since late 2021 with the acquisition of two dealerships representing 4 franchises in complete.
Victory Automotive, of Canton, Michigan, purchased Nassief Honda in Austinburg, Ohio, and Nassief Ford-Toyota-Hyundai in Jefferson, Ohio, from brothers Marybeth and Todd Nassief, house owners of Nassief Auto Group, on June 6.
Austinburg and Jefferson are northeast of Cleveland, close to the Pennsylvania border.
Nassief Auto Group was began by the brothers’ dad and mom and had been in enterprise for 67 years, based on the star beacon Newspaper.
Victory Automotive renamed the Victory Honda and Victory Ford-Hyundai-Toyota dealerships, the latter three of which function from the identical constructing.
Rodger Olson, chief working officer of Victory Automotive, mentioned automotive information in an e-mail that the group is working “with the producers now to develop a plan to increase and separate the companies.”
The acquisition strengthens Victory Automotive’s presence in Ohio at three dealerships. He additionally owns a Honda dealership in Sandusky, west of Cleveland.