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Sonic Automotive, Inc. Announces Completion of Acquisition Of Don Massey Dealerships.
CHARLOTTE, N.C. -- Sonic Automotive, Inc. announced it has completed its acquisition of 15 of the 16 Don Massey Dealerships. The acquisition of the remaining dealership in the Massey organization is expected to be completed in the second quarter of 2002. The dealerships acquired represent an estimated $1 billion in annual revenue.
O. Bruton Smith, Sonic's Chairman and Chief Executive Officer stated, "Our acquisition of the Don Massey dealerships closed ahead of schedule thanks to the cooperative efforts of Sonic's employees, the Massey organization, and General Motors. We are delighted to be Cadillac's largest dealer at a time when Cadillac is expanding and improving its product line. Congratulations to Mr. Massey and welcome to his many fine employees."
About Sonic Automotive, Inc.
Sonic Automotive, Inc., a Fortune 300 company and member of the Russell 2000 Index, is among the largest automotive retailers in the United States operating 180 franchises and 41 collision repair centers in Alabama, California, Colorado, Florida, Georgia, Maryland, Michigan, Nevada, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas and Virginia. Sonic Automotive can be reached on the Web at ...
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- Press release article from: PR Newswire January 15, 2002 700+ words
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Sonic Automotive will buy 16 dealerships with total annual revenues of $1 billion from Don Massey Dealerships of Plymouth, Mich., in a stock and cash deal. Terms were not disclosed. Included in the package are the Arnold Palmer Cadillac franchises in Charlotte and Pineville.
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- Press release article from: PR Newswire October 29, 2002 700+ words
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...desktop services, today announced that Sonic Automotive, Inc. , the second largest automotive...manage their desktop computing needs. Sonic Automotive has partnered with Everdream to centralize...recently announced Massey acquisition, Sonic Automotive, a Fortune 300 company, will ...
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...market. Charlotte, N.C.-based Sonic Automotive announced Oct. 16 it is adding Oklahoma...additional dealership in each market. Sonic Automotive executives said the four dealerships...strategy," said B. Scott Smith, Sonic Automotive president and chief operating officer...
Source: HighBeam Research, Sonic Automotive, Inc. Announces Completion of Acquisition Of Don...