CEDAR RAPIDS, Iowa ? McGrath Automotive Group of Cedar Rapids has acquired Buick GMC Cadillac of North Cedar Rapids and Kia of North Cedar Rapids from a initial inhabitant automobile dealership sequence to enter a Corridor market.
McGrath Automotive Group took over a dealerships during I-380 and Boyson Road in Hiawatha on Monday=. The dealerships will be operated as McGrath Buick GMC Cadillac and McGrath Kia. The physique emporium will be McGrath Collision South.
The dealerships were acquired from Lithia Motors of Medford, Ore., a publicly traded dealership sequence that had entered a Cedar Rapids marketplace 5 years ago by appropriation resources of Allen Motor Co. Terms were not disclosed, though McGrath will continue as Lithia had to authorization a skill of a dealership.
McGrath Automotive Group was meddlesome in appropriation a Hiawatha dealership in sequence to offer all 4 GM brands ? Chevrolet, GMC, Cadillac and Buick, President Pat McGrath said. The association owns Pat McGrath Chevyland, Pat McGrath Dodge Country, McGrath Powersports, and a Westdale, Marion and Coralville Used Car Superstores. It has over 400 employees, a series that has doubled in a past 5 years.
?The categorical reason we wanted it is a continued expansion of a family business and to move these stores behind to internal people who live in a community,? Pat McGrath said. He combined that ?We?re really vehement about a Kia brand. It?s one of a hottest brands going since of their value-priced product.?
Lindsay McGrath, who before oversaw used automobile operations during Pat McGrath Chevyland, will be ubiquitous manager of a newly combined GMC, Cadillac, Buick and Kia dealerships.
One of McGrath Automotive?s goals is to keep a existent staff of a 4 dealerships, Lindsay McGrath said. It purchased a few acres of skill adjacent to a existent dealerships that will move a sum formidable to about 19 acres. An existent building on that skill will turn a McGrath worker training facility.
McGrath Automotive Group done a initial offer to acquire a dealership from Lithia in tumble of 2009, and reopened a discussions with Lithia this fall.
?It was really reasonable to do this,? Pat McGrath said. ?Lithia?s been really good to understanding with.?
General Motors had to approve a deal. Pat McGrath pronounced one of a pivotal considerations was McGrath?s high patron compensation scores.
A Lithia orator did not lapse calls seeking information on a sale progressing this month. Rumors had circulated in early 2010 that a dealership was shutting since of low register levels, though a association announced in May that an agreement with General Motors to extend a authorization of a Hiawatha dealership would concede it to feed inventories.
Local tenure is critical to customers, Pat McGrath added, observant McGrath Automotive Group will essay for a high standards for that Allen Motor Co., a strange owners of a Hiawatha dealership, was known. He pronounced McGrath Automotive Group is a personality in hospitality among internal dealerships, and internal tenure keeps some-more income present in a internal economy.
The McGrath Automotive Group began roughly 60 years ago, and now has had 4 generations of family members involved. Mike McGrath, boss of McGrath Powersports, pronounced appropriation a Buick dealership brings a association full round to a roots as a Buick dealership operated by H.B. McGrath in Eau Claire, Wis.
H.B. McGrath changed to Cedar Rapids in 1957, handling McGrath Pontiac in a downtown area. In 1974. H.B. and hermit Bruce McGrath changed a Pontiac dealership to a stream plcae of a Pat McGrath Dodge Country dealership during 4610 Center Point Road NE. In 1975, a Pontiac dealership became Bruce McGrath Pointiac. In successive years, a association acquired Mazda and Jeep dealerships. It after sole a Mazda dealership.
In 1991, a association acquired a Chevrolet dealership that had been Rapids Chevrolet, and in tumble 2009, a association combined a Chrysler and Dodge lines.
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Source: http://dailynewsworldtoday.com/lithia-sells-auto-dealership-to-mcgrath-automotive/
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