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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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