Kenny Ross Automotive Group has acquired the four-dealership Hamilton Automotive of North Huntingdon, PA in a deal worth between $8 million and $10 million.
The deal provides a second Buick franchise for Kenny Ross and adds the GMC truck, Subaru and Mazda brands to the company’s portfolio, the company said.
Hamilton’s four dealerships are along Route 30, less than a mile from the Kenny Ross flagship Chevrolet store in Irwin.
"When the Hamilton family decided to sell the business, we saw an opportunity to strengthen our company by adding new automobile brands and respected dealerships in this region," said James Ross, president of Kenny Ross Automotive Group. "We expect the new franchises to generate about 15 percent growth immediately, and even more in the coming years."
Kenny Ross ranked 84th on Auto Remarketing’s listings of The Top 125 Used-Car Dealer Groups in the June 15–30 print edition. These rankings were based on 2011 retail used-vehicle sales.
The dealer group sold 5,481 retail used units last year and moved 4,301 wholesale units. The numbers and rankings of all dealer groups were compiled from the Automotive News Data Center.
Prior to the acquisition of Hamilton Automotive, Kenny Ross had a dealership count of seven, reporting sales of 10,000 to 12,000 vehicles a year. The company employs almost 600 people, and officials said all of Hamilton's 54 employees will be retained.
For its part, Kenny Ross will upgrade and rebrand all the Hamilton locations “in the very near future,” said Ross. His company is upgrading its Chevrolet and Ford showrooms, plus relocating its Toyota/Scion dealership in Moon to a modern, energy-efficient, environmentally friendly facility nearby that should open Aug. 6.