Pinnacle Mergers & Acquisitions Completes Sale of Groove Ford and Mazda to AutoNation in Denver

Pinnacle Mergers & Acquisitions Facilitates Strategic Sale in Denver

Pinnacle Mergers & Acquisitions, a leading name in the auto dealership brokerage sector, has announced the successful sale of Groove Ford and Groove Mazda. This significant transaction has taken place in Denver, Colorado, with AutoNation, a recognized giant in the automotive retail industry, being the buyer.

Founded on expert market knowledge and a commitment to its clients, Pinnacle Mergers has once again proven its dominance in the field by representing AutoNation in this strategic acquisition from Summit Automotive Partners. With this acquisition, Groove Ford and Groove Mazda will now operate as AutoNation Ford Arapahoe and AutoNation Mazda Arapahoe respectively, thereby significantly bolstering AutoNation's footprint in the flourishing Colorado automotive market. This deal highlights not just Pinnacle's brokerage prowess but also AutoNation's ambition to expand in essential regional markets to cater to changing consumer preferences.

Bill Scrivner, the founder and CEO of Pinnacle Mergers & Acquisitions, expressed pride in supporting such a significant national group in strengthening its presence in Colorado. He stated, “Our longstanding relationships, deep market experience, and commitment to our clients’ goals form the bedrock of every deal we handle.” This approach has enabled Pinnacle to accomplish a range of successful high-profile transactions in Colorado.

Pinnacle's track record includes notable successful deals such as Lithia Motors' acquisition of Ferrari of Denver, the John Elway Dealership Group’s purchase of Bentley and Lotus of Denver, and Autostar Automotive Group's acquisition of Subaru and Dodge Chrysler Jeep Ram of Silverthorne. The brokerage has quickly established itself as a trusted partner in the industry, fostering confidence among both buyers and sellers.

The move to consolidate more dealerships under a single banner is indicative of the larger trend within the U.S. auto retail sector. Large dealer groups like AutoNation are continuously expanding into key markets, attempting to adapt to the fluctuations in consumer demand and evolving market dynamics. Given that dealership valuations are holding strong and buyer interest remains robust, the Denver metropolitan area has rapidly become a sizzling hub for automotive mergers and acquisitions.

With over 850 dealership transactions under its belt and around $40 billion in completed transactions cumulatively, Pinnacle Mergers & Acquisitions commands significant influence in the auto dealership market. The firm combines its extensive expertise with tailored strategies, ensuring value and long-term success for all parties involved. Furthermore, Pinnacle offers private consultations for prospective clients looking to explore their options in the dealership space, reinforcing its commitment to transparency and client-centric service.

The sale of Groove Ford and Groove Mazda marks yet another feather in Pinnacle's cap and indicates that players in the automobile industry continue forging ahead despite various market challenges. As one of the premier automotive brokers, Pinnacle is steadfast in its mission to guide clients through the complexities of the market, ensuring optimal results both for buyers and sellers alike.

For more information about Pinnacle Mergers & Acquisitions and to schedule a confidential consultation, visit Pinnacle Mergers.