South Florida Dealer Group Makes Acquisition

By Staff Writer January 23, 2024

Haig Advisors served as the exclusive sell-side advisor to Miami-based South Motors/Vista Motors on the sale of its nine dealerships and two collision centers to Morgan Automotive Group.

Haig stated it is believed that the values paid for Vista BMW and South Honda exceeded any previous values paid for those franchises. South Motors/Vista Motors is among the most valuable dealership groups ever purchased.

The previous owners of South Motors and Vista Motors will retain Midway Ford and a portfolio of investments in various industries.

South Motors consists of South Motors BMW, South Motors MINI, South Motors Honda, South Motors Infiniti, South Motors VW and a collision center. Vista Motors consists of Vista BMW of Coconut Creek and its satellite location Vista BMW of Pompano Beach, Vista MINI of Coconut Creek, Vista VW and a collision center. South Motors and Vista Motors operate some of the highest-volume and most profitable dealerships in the U.S. The dealerships retailed approximately 19,000 new and used units in 2023, employed approximately 1,100 people and generated over $1 billion in revenue.

Morgan Automotive Group generated over $8 billion in revenue and retailed 162,000 vehicles through its 67 dealerships, all located in Florida. With the purchase of these nine dealerships and two collision centers, Morgan Automotive Group builds upon its position as the largest auto dealer in Florida, as well as a Top 10 auto dealer nationwide.

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Last modified on Sunday, 28 January 2024 14:10