M&A Deal Summary

Dimmitt Automotive Group Acquires Cycle Springs Powersports

On June 20, 2023, Dimmitt Automotive Group acquired automotive company Cycle Springs Powersports

Acquisition Highlights
  • This is Dimmitt Automotive Group’s 1st transaction in the Automotive sector.
  • This is Dimmitt Automotive Group’s 1st transaction in the United States.
  • This is Dimmitt Automotive Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2023-06-20
Target Cycle Springs Powersports
Sector Automotive
Buyer(s) Dimmitt Automotive Group
Deal Type Add-on Acquisition
Advisor(s) Viking Mergers & Acquisitions (Financial)

Target

Cycle Springs Powersports

Clearwater, Florida, United States
Cycle Springs Powersports is an authorized dealer for most of the marine and powersport top industry brands which include Yamaha, Scarab, Kawasaki, Suzuki, Polaris, Slingshot, Sea-Doo, Segway and Kymco. Cycle Springs Powersports is based in Clearwater, Florida.

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Buyer(S) 1

Buyer

Dimmitt Automotive Group

Clearwater, Florida, United States
Category Company
Sector Automotive
DESCRIPTION

Dimmitt Automotive Group is a provider of new and pre-owned vehicles represent Aston Martin, Bentley, Cadillac, Land Rover, McLaren, Land Rover, Rolls-Royce and certified preowned vehicles. Dimmitt Automotive Group is based in Clearwater, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
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