Tameron Gulf Coast adds Alabama dealership in purchase from Group 1
Tameron Gulf Coast, a dealership group based in Daphne, Ala., has acquired another store in that state with the purchase of Nissan of Mobile from Group 1 Automotive Inc., according to a news release from The Presidio Group, which facilitated the sale.
The acquisition gives Tameron Gulf Coast six dealerships along the Gulf Coast, joining a Subaru store in Mobile, three locations in Daphne and a Kia store in nearby D’Iberville, Miss.
Presidio said in the release that Tameron will be adding a Hummer outlet soon.
“Buying the Nissan store and expanding our footprint in Mobile gives Tameron the ideal opportunity to better leverage our name and brand along the Gulf Coast,” Tameron owner Ryan Mayer said. “With our increased size and visibility in the market, we look forward to helping satisfy the transportation needs of even more customers.”
Group 1 owns 202 auto dealerships operating 271 franchises and representing 35 brands in the U.S. and U.K., as well as 42 collision centers.
Presidio Group president George Karolis said the deal “demonstrates the ongoing strength of the dealership buy-sell market, and we expect the appetite for dealmaking to continue.”
He added: “We are so pleased to help Group 1 and Tameron Gulf Coast execute this important deal.”