Pinnacle Mergers & Acquisitions Successfully Negotiates Sale of Lexus Dealership in Rhode Island

Pinnacle Mergers & Acquisitions Celebrates Successful Sale of Lexus of Warwick

In a significant transaction for the automotive industry, Pinnacle Mergers & Acquisitions has facilitated the sale of Lexus of Warwick, a prominent dealership in Rhode Island. This deal marks a pivotal moment as the dealership transitions from Penske Automotive Group to Rob McGee, owner of the McGee Automotive Family, enhancing the latter’s multi-state dealership presence.

The acquisition became official on March 26, 2026, with the dealership continuing operations under its established name, Lexus of Warwick. Rob McGee expressed his enthusiasm, stating, "I'm very excited to be joining the Lexus family in coming to Rhode Island, and thank Pinnacle and PAG for this opportunity." This acquisition not only adds to McGee’s portfolio, which now comprises 14 dealerships across five states, but also indicates a positive direction for the McGee Automotive Family.

Penske Automotive Group’s CEO, Roger Penske, remarked on the fruitful collaboration among the involved parties. "Our long and respected relationship with both Pinnacle and Dennis Thornhill helped drive this unique deal with a quality local dealer," said Penske, emphasizing the smoothness of the transaction process throughout.

Dennis J. Thornhill, an Executive Advisor at Pinnacle, also acknowledged the efficiency of the deal, stating, "This was an extremely smooth transaction with two outstanding teams." He expressed excitement about the McGee family joining the exclusive circle of Lexus dealers, recognizing their long-standing commitment as ambassadors of the Toyota brand.

Pinnacle Mergers & Acquisitions notably represented Rob McGee as the buyer in this transaction, which notably marks the first collaboration with the McGee Automotive Family. The firm has a proven history of working with Penske Automotive Group, having facilitated multiple successful dealership transactions in the past. Pinnacle has assisted in the sale of numerous Toyota, Honda, and Hyundai dealerships in Texas, establishing a robust reputation within the industry for effective deal negotiations.

With over 85 years of collective experience, Pinnacle Mergers & Acquisitions has been a trusted partner in the auto dealership sector, capitalizing on its extensive network and expert guidance to drive value for clients. To date, the firm has completed more than 850 transactions, with proceeds exceeding $40 billion. Their commitment to tailored strategies delivers long-term success in each facet of the dealership brokerage process.

For those interested in learning more about the services offered by Pinnacle or seeking professional guidance on dealership transactions, visit www.pinnaclemergers.com.

This recent acquisition not only signifies growth for the McGee Automotive Family but also reinforces the collaborative efforts essential in today’s automotive business landscape.