Victory Automotive Group, contemporary off sales of two Honda stores in separate May transactions, made its first acquisition since late 2021 with the acquisition of two dealerships representing 4 complete franchises.
Victory Automotive, of Canton, Mich., on June 6 purchased Nassief Honda in Austinburg, Ohio, and Nassief Ford-Toyota-Hyundai in Jefferson, Ohio, from siblings Marybeth and Todd Nassief, homeowners of Nassief Auto Group.
Austinburg and Jefferson are northeast of Cleveland, close to the Pennsylvania border.
Nassief Auto Group was began by the siblings’ dad and mom and had been in enterprise for 67 years, according to the Star Beacon newspaper.
Victory Automotive renamed the dealerships Victory Honda and Victory Ford-Hyundai-Toyota, the latter three of which function out of 1 constructing.
Rodger Olson, COO at Victory Automotive, instructed Automotive Information in an e-mail that the group is working “with producers now to develop a plan to develop and separate the companies.”
The acquisition bolsters Victory Automotive’s presence in Ohio to a few dealerships. It additionally owns a Honda dealership in Sandusky, west of Cleveland.