A Charleston-based automobile seller can now depend 39 stores in its escalating footprint across the Southeast and Midwest.
Hudson Automotive Team just lately acquired the franchise for Summerville Ford at 9700 Dorchester Street in North Charleston. Monetary phrases were not disclosed.
The previous owner was Mitchell Spouse and children Office of Birmingham, Mich., which has exited the car or truck dealership business enterprise to concentrate on its wellness treatment holdings, according to Haig Partners LLC, an vehicle broker in Fort Lauderdale, Fla.
“We made the decision to provide the Summerville Ford retailer to make it possible for us to completely concentration on the family’s main small business options in overall health treatment,” reported Mark Mitchell, operator of Mitchell Loved ones Business office.
Previously this 12 months, the Michigan firm sold its Toyota of Bristol dealership in Tennessee to Springhill Automotive Team of Mobile, Ala.
Hudson Automotive CEO David Hudson said the Summerville Ford acquisition “aligns well” with his group’s principals of support and sales for leading-providing automobile brands across the Southeast.
Hudson said his organization bought the franchise and assumed the remainder of the lease time period. The deal did not involve the 5 acres of real estate, which is owned by Abidi Genuine Estate LLC of Charleston.
“We just acquired the enterprise,” Hudson reported March 18. “We leased the property with an alternative to purchase it in a pair of several years.”
Summerville Ford has been offering autos for many years underneath a variety of names, and it has operated from its Dorchester Highway web-site given that about 2001. The prior revenue whole lot was on Trolley Road.
Haig representative John Davis mentioned the sale demonstrates the need for dealerships throughout the Southeast, “and, especially, swiftly increasing marketplaces like the Charleston area.”
Hudson’s expanding portfolio now reaches into eight states, with 7 dealerships in South Carolina.
They involve two Nissan sales web pages in the Charleston place on Savannah Highway in West Ashley and Rivers Avenue in North Charleston as well as a Nissan dealership in Rock Hill, Honda and Toyota stores in Columbia, Toyota in Spartanburg and a Lexus showroom in Greenville.
Very last 12 months, he also added two Mercedes dealerships in Cincinnati, his to start with foray across the Ohio River.
His other shops are in Alabama, Georgia, Kentucky, Louisiana, North Carolina and Tennessee.
Hudson stated he hopes to break ground this summer months on a 47,000-sq.-foot Nissan dealership on fifty percent of a 15-acre parcel wherever Millhouse Push meets Getaway Drive close to Nexton Parkway in Summerville. The remainder of the site is becoming set apart for long run advancement.