Umansky Automotive Acquires Last of California’s Qvale Dealers
The fast growing Umansky Automotive Group of Memphis, Tenn., Entered California with the acquisition of 5 dealerships representing six manufacturers in the San Francisco Bay Area.
Umansky Automotive on Wednesday bought Porsche Livermore, Jaguar-Land Rover Livermore, Audi Livermore, Livermore Honda and Livermore Subaru, all in Livermore, Calif., From Qvale Automotive Group. Livermore is southeast of San Francisco.
“This strategic acquisition of strong brands and high volume is the perfect way for us to enter the California market,” Dan Umansky, owner of Umansky Automotive Group, said in a press release.
Umansky Automotive was founded in 2013 with a dealership, Acura of Memphis. The group quickly spread to Mississippi, Tennessee, Wisconsin and Virginia. Today it has 1,300 employees in 25 areas.
Its stores also symbolize manufacturers Alfa Romeo, BMW, Maserati, Mercedes-Benz, Lincoln, Chrysler, Dodge, Jeep, Ram, Toyota, Volkswagen, Hyundai and Genesis.
“We develop our talent from within,” Umansky advised. Automotive News. “We have a lot of people on our bench. We are definitely in expansion mode.
The group has long sought dealers in California, Umansky said. The state remains a focal point for future acquisitions, he said, while noting that Umansky Automotive will seek to expand across the country.
“We’re looking for top brands, much like this acquisition,” Umansky said.
While Umansky Automotive has just entered California, Qvale Automotive has left the Golden State.
“This transaction, while bittersweet, marks the sale of our family’s remaining dealers in California as we consolidate and focus our efforts on our Florida dealers,” said Bruce Qvale, president of Qvale Automotive, in a statement from hurry.
In March, Qvale Automotive sold Jaguar-Land Rover Stevens Creek in San Jose, California., to US Auto Trust, a personal dealer group owned by Edward Glazer of the NFL Tampa Bay Buccaneers. Last year, Qvale bought three California dealers from Swickard Auto Group.
Qvale now has 4 dealerships in Florida: Audi Coral Springs, Audi Fort Lauderdale, Audi Lakeland and Volkswagen Brandon.