M&A Deal Summary

McGovern Automotive Group Acquires Capital Luxury Cars

On November 23, 2022, McGovern Automotive Group acquired automotive company Capital Luxury Cars

Acquisition Highlights
  • This is McGovern Automotive Group’s 1st transaction in the Automotive sector.
  • This is McGovern Automotive Group’s 1st transaction in the United States.
  • This is McGovern Automotive Group’s 1st transaction in New York.

M&A Deal Summary
Date 2022-11-23
Target Capital Luxury Cars
Sector Automotive
Buyer(s) McGovern Automotive Group
Deal Type Add-on Acquisition
Advisor(s) Haig Partners, LLC (Financial)

Target

Capital Luxury Cars

Albany, New York, United States
Capital Luxury Cars sells and services vehicles to clients with an individual and personalized approach in order to create an exceptional purchase and ownership experience. Capital Luxury Cars is based in Albany, New York.

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Buyer(S) 1

Buyer

McGovern Automotive Group

Newton, Massachusetts, United States
Category Company
Founded 2016
Sector Automotive
DESCRIPTION

McGovern Automotive Group is a group of retail automotive professionals working together every day to create long-term customer relationships at each of its dealership facilities. It currently has 18 Brands across 20 locations in MA, NH & NY offering new vehicles as well as a wide variety of Pre-Owned vehicles. McGovern Automotive Group was formed in 2016 and is based in Newton, Massachusetts.

DEAL STATS #
Overall 1 of 3
Sector (Automotive) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (New York) 1 of 1
Country (United States) 1 of 3
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 Acton Chrysler Dodge Jeep Ram

Acton, Massachusetts, United States

Acton chrysler dodge jeep ram is a full-service dealer group, with 4 collision centers and a commercial and municipal division. Acton chrysler dodge jeep ram is a dealer of luxury car brands such as ferrari and porsche, the mcgovern auto group also has extensive expertise working with chevrolet, gmc, ford, hyundai, honda, and toyota vehicles. Acton Chrysler Dodge Jeep Ram was founded in 2016 and is based in Acton, Massachusetts.

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