[ad_1]

Mills Automotive Group of Charlotte, NC, purchased three dealerships in Hampton, Va., From Tysinger Motor Co., owned by Mark Tysinger.

The acquisition, which closed on August 31, included Mercedes-Benz of Hampton, Audi Hampton and Tysinger Hyundai-Genesis, as well as a Mercedes-Benz Sprinter business van franchise.

Tysinger’s dealership business began almost 100 years ago when John Tysinger, Mark Tysinger’s great-grandfather, opened a General Motors dealership in 1926. Tysinger, in a press release, said he wanted to find a buyer to strengthen its long standing reputation. heritage in the neighborhood.

“These franchises complement our growing dealer group,” said Damian Mills, CEO of Mills Automotive, in a press release. “His [Mark Tysinger’s] The stellar mix of franchises in the diverse and growing Hampton Roads region is a perfect fit for our continued geographic and brand expansion. “

The store group will now operate as Classic Hampton Auto Mall, in response to the Mills Automotive Group website.

Mills, a Automotive News 40 laureates under 40 in 2013, operates stores in Virginia, Kentucky, North Carolina, South Carolina and West Virginia. His group is the largest black-owned dealer group in the United States, owned by one principal, in response to the National Association of Minority Automobile Dealers, of which he is a long-time member of the board of directors.

The Presidio Group, a Denver and Atlanta-based banking finance and advisory agency, represented Tysinger in the sale of concessions.

[ad_2]

Previous

Joplin Car Dealership Works With Low Inventory As Chip Shortage Wears Out On Industry

Next

Highlands County drug traffickers sentenced to federal prison | USAO-SDFL

Leave a Reply

Your email address will not be published.

Check Also