M&A Deal Summary

McGovern Automotive Group Acquires Mercedes-Benz of Little Silver

On September 18, 2024, McGovern Automotive Group acquired automotive company Mercedes-Benz of Little Silver

Acquisition Highlights
  • This is McGovern Automotive Group’s 3rd transaction in the Automotive sector.
  • This is McGovern Automotive Group’s 3rd transaction in the United States.
  • This is McGovern Automotive Group’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2024-09-18
Target Mercedes-Benz of Little Silver
Sector Automotive
Buyer(s) McGovern Automotive Group
Deal Type Add-on Acquisition

Target

Mercedes-Benz of Little Silver

Little Silver, New Jersey, United States
Mercedes-Benz of Little Silver offers new and pre-owned Mercedes-Benz and Maybach vehicles, along with financing options. Mercedes-Benz of Little Silver was founded in 1978 and is based in Little Silver, New Jersey.

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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 3 of 3
Sector (Automotive) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS 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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