M&A Deal Summary

Krause Auto Group Acquires Nissan of Venice

On January 19, 2024, Krause Auto Group acquired automotive company Nissan of Venice from Greenway Auto Group

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

M&A Deal Summary
Date 2024-01-19
Target Nissan of Venice
Sector Automotive
Buyer(s) Krause Auto Group
Sellers(s) Greenway Auto Group
Deal Type Divestiture

Target

Nissan of Venice

Venice, Florida, United States
Nissan of Venice is a full-service Nissan dealership that provides the Bradenton area with quality new and used vehicles appropriate for all budget and lifestyle needs. Nissan of Venice is based in Venice, Florida.

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Buyer(S) 1

Buyer

Krause Auto Group

Alpharetta, Georgia, United States
Category Company
Sector Automotive
DESCRIPTION

Krause Auto Group is a collection of family-owned automotive dealerships across Georgia, North Carolina, South Carolina, and Florida. The company portfolio consists of BMW, Mercedes, Ford, Lincoln, Nissan, Hyundai, Genesis, Lamborghini, Aston Martin, Rolls-Royce, Koenigsegg, McLaren, and Lotus. Krause Auto Group is headquartered in Alpharetta, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Greenway Auto Group

Orlando, Florida, United States
Category Company
Sector Automotive
DESCRIPTION

Greenway Auto Group is a family-owned and operated automotive business based in Florida, with 43 locations spread across eight different states including Florida, Alabama, Tennessee, Georgia, Kansas, Missouri, Pennsylvania, and Texas. Greenway Auto Group is headquartered in Orlando, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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