TheAutomotive Group family is growing.
The New York-based auto group recently acquired Troncalliand Troncalli Infiniti in Decatur, GA. The dealerships, which generate combined annual revenues of $100 million, will be re-named Nalley Nissan and Nalley Infiniti of Decatur.
“In addition to being brands with excellent new product pipelines and future growth prospects, these stores are strategically located across the street from ourCenter, providing us three Nalley-branded import dealerships in Decatur,” Automotive Group President and CEO Charles R. Oglesby says.
Earlier this year Asbury Automotive acquired the Ft. Pierce, FL-based Rick Starr Acura, adding approximately $140 million in total revenue.
“Our pipeline is extremely robust, including several deals under contract,” Oglesby says. “To meet the acquisitions component of our 15% total shareholder return strategy, we need to acquire $150 million to $200 million in annual revenues, but we anticipate in excess of $300 million this year.”
Asbury ranked sixth in this year’s Ward’s Megadealer 100, with revenue totaling $5.4 billion.