Ciocca Automotive has acquired Apple Automotive Group. The deal, facilitated by Haig Partners, includes a portfolio of 10 franchised dealerships and additional automotive services across York County, PA, showcasing brands like BMW, Ford, Chevrolet, Chrysler-Dodge-Jeep-Ram, Honda, Nissan and Subaru.
Apple Automotive Group is recognized as potentially the most valuable dealership conglomerate ever sold in Pennsylvania. The move expands Ciocca's operations to an impressive count of 52 dealerships and 18 collision centers across Pennsylvania and New Jersey, pushing its annual revenue to an estimated $3 billion.
“Ciocca Automotive is honored to steward the Apple Automotive legacy into the future,” said Gregg Ciocca, founder and CEO of Ciocca Automotive, in a news release. “We take seriously our responsibility to continue to deliver the same level of service excellence customers count on from Apple Automotive and look forward to championing the company’s continued efforts to support the communities it serves.”
The Stewart Companies' decision to divest Apple Automotive Group stems from a shift towards concentrating on its core businesses in building products, construction and real estate. David Stewart, CEO of The Stewart Companies, lauded Apple Automotive's role in setting service and quality standards in York County since its inception in 1976. Stewart expressed confidence in Ciocca Automotive as the ideal successor to carry forward the legacy of Apple Automotive.
