Georgica Auto Holdings Expands Its Northeast Operations with Kolb Subaru Acquisition

Georgica Auto Holdings Strengthens Northeast Presence

Georgica Auto Holdings (GAH), a prominent name in automotive retail, has announced a significant expansion in the Northeast by acquiring Kolb Subaru, a dealership located in Orangeburg, NY, just north of Manhattan. This strategic move reflects GAH's ongoing commitment to enhancing its presence in the region and reinforcing its status as a leading operator of automotive franchises.

Established under the guidance of CEO Jon Sobel, GAH has successfully navigated the competitive landscape of the automotive industry through a series of well-planned acquisitions. This latest addition of Kolb Subaru marks the company’s third dealership under the Subaru brand, exemplifying its strategy of building a robust dealership portfolio focused on high-performing enterprises.

In an official statement, Jon Sobel expressed his enthusiasm about this acquisition: "Kolb Subaru represents an exciting opportunity to further strengthen our footprint in the Northeast. Our focus is on delivering exceptional customer experiences and optimizing operations, and with the support from Franchise Equity Partners (FEP), we are well-positioned to enhance our dealership network and drive long-term value."

FEP has been a crucial partner for GAH, providing vital capital and strategic resources since their partnership began in 2022. Their collaboration has been instrumental in the company’s growth trajectory, allowing GAH to not only maintain but also expand its market reach.

Mike Esposito, Co-Founder and Managing Partner of FEP, praised GAH's achievements, stating, "Jon and the Georgica Auto Holdings team have built a best-in-class automotive retail group. We are proud to support their continued success. Kolb Subaru is a great addition to their portfolio, and we look forward to seeing GAH's ongoing momentum in the industry."

The acquisition was facilitated by Presidio, which represented the seller, Group 1 Automotive. Legal support for GAH was provided by Day Pitney, while Weiner & Co. helped with due diligence.

This strategic acquisition aligns perfectly with GAH's goal of developing a diverse and high-performing dealership network that encompasses a wide range of mass-market and luxury automotive brands. Currently, GAH operates an impressive network of 27 automotive retail franchises across New York, New Jersey, and Pennsylvania. Through its dealerships, which represent brands such as Audi, BMW, Chevrolet, Dodge, Honda, Jaguar, Porsche, Toyota, and now Subaru, GAH generates over $1.3 billion in annual sales, translating to over 20,000 vehicle transactions each year.

With this latest move, Georgica Auto Holdings is not only consolidating its market share but is also setting the stage for continued growth and operational excellence in the fast-paced automotive retail environment. For more information on Georgica Auto Holdings and its expanding network, visit georgicaautoholdings.com.

Conclusion

The acquisition of Kolb Subaru is a significant step for Georgica Auto Holdings, representing both opportunity and commitment to delivering top-notch services in the automotive sector. As the company continues to grow, it showcases the importance of strategic partnerships and acquisitions in navigating the complexities of the automotive market.