Dealer M&A: Carlock Automotive buys Gulf Coast Automotive
A Tennessee team is welcoming more Alabama to the family.
Well, at least in auto retail.
Nashville-based Carlock Automotive Group said it has purchased Mobile-based Gulf Coast Automotive Group, expanding Carlock’s presence in the Yellowhammer State.
Gulf Coast Automotive Group includes Audi Mobile, Volkswagen Mobile, Porsche Mobile and Volvo Cars Mobile, which are located in three buildings across 9.5 acres.
“We are so excited at Carlock Automotive Group to be serving Mobile and the entire Gulf Coast market,” Carlock Automotive Group president Clay Carlock said in a news release.
“Our family-owned business with dealerships across Tennessee, Mississippi and now a total of six franchises in Alabama continues to grow through successfully partnering with the communities where we are located,” he said. “We welcome 70 new associates at the four stores to the Carlock family and look forward to welcoming the entire community to come see us and join our family as well.”
Further north to the Mountain State, the Weimer family has sold Weimer Volkswagen of Morgantown, W. Va., to Martin Management Group, according to a news release from Performance Brokerage Services.
“While we weren’t looking to sell any of our stores, Courtney Bernhard and George Chaconas of Performance Brokerage Services brought an unexpected buyer and made this transaction smooth and easy,” Austen Weimer said in a news release.
The Weimer family will retain the rest of their West Virginia and Maryland stores and plan to add more dealerships soon.