#United States #Southlake #Groove Toyota #Larry Van Tuyl #Pinnacle Mergers

Pinnacle Mergers & Acquisitions Facilitates Sale to VT Companies

In a notable transaction within the automotive industry, Pinnacle Mergers & Acquisitions has successfully brokered the sale of Groove Toyota, previously owned by Summit Automotive Partners, to Larry Van Tuyl, the CEO of VT Companies. This sale signifies a strategic move for Van Tuyl, marking his first dealership acquisition in the state of Colorado, while adding to an already impressive portfolio of locations in Arizona, Texas, and California.

Larry Van Tuyl shared his long-standing relationship with Bill Scrivner, the founder and CEO of Pinnacle Mergers & Acquisitions, noting their decades of business together. "My father and I have known Bill since he was 23 years old. He embodies great character, is profoundly honest and transparent, and dedicated to achieving mutually beneficial goals," Van Tuyl stated, underscoring the value of personal relationships in business.

With the acquisition, Groove Toyota will continue to operate under its established name, a strategic choice likely aimed at maintaining brand recognition and customer loyalty. This deal is particularly significant for Pinnacle, as it marks their second transaction with Summit Automotive Partners in a short span of 60 days. Earlier, they represented Corwin Auto Group in acquiring Groove Honda in Colorado Springs.

Pinnacle's ongoing relationship with Larry Van Tuyl has spanned over three decades and includes more than 30 successful transactions. This latest deal is a testament to Pinnacle's commitment to supporting its clients in the automotive industry and helping them realize their growth objectives. Bill Scrivner emphasized the importance of such relationships, stating, "We are honored to continue supporting Larry's expansion in the automotive sector."

The Pinnacle team has an impressive track record in Colorado, having successfully represented various clients in numerous transactions. These include significant deals involving Lithia Motors, John Elway Dealership Group, and Autostar Automotive Group, to name a few. Their extensive history and expertise in dealership brokerage speak to their ability to navigate the complexities of automotive mergers and acquisitions.

With over 800 transactions successfully completed nationwide, Pinnacle Mergers & Acquisitions remains a frontrunner in dealership brokerage, combining decades of experience with an unwavering dedication to integrity and client success. Potential clients seeking expert assistance in buying or selling automotive dealerships can find more information on their services by visiting Pinnacle Mergers & Acquisitions.

As the landscape of the automotive industry continues to evolve, Pinnacle Mergers & Acquisitions stands out as a leader, facilitating not just transactions, but also nurturing enduring relationships that drive mutual success. The sale of Groove Toyota marks another milestone in this journey, showcasing the desired synergy between industry players and the trusted resources that help them achieve their goals.