M&A Deal Summary

Prime Automotive Acquires Gallery Automotive Group

On February 14, 2019, Prime Automotive acquired automotive company Gallery Automotive Group from Marubeni America

Acquisition Highlights
  • This is Prime Automotive’s 1st transaction in the Automotive sector.
  • This is Prime Automotive’s 1st transaction in the United States.
  • This is Prime Automotive’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2019-02-14
Target Gallery Automotive Group
Sector Automotive
Buyer(s) Prime Automotive
Sellers(s) Marubeni America
Deal Type Divestiture

Target

Gallery Automotive Group

Norwood, Massachusetts, United States
Gallery Automotive Group sells and services Mazda, Volkswagen, BMW, MINI, Honda vehicles in the greater Norwood area.

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Buyer(S) 1

Buyer

Prime Automotive

Westwood, Massachusetts, United States

Category Company
Founded 2006
Sector Automotive
Employees1,800
DESCRIPTION

Prime Automotive is a family-operated auto business in New England, operating 35 auto dealerships across Massachusetts, New Hampshire, Vermont, and Maine. Prime Automotive was founded in 2006 and is based in Westwood, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Marubeni America

New York,, New York, United States

Category Company
Sector Distribution
DESCRIPTION

Marubeni America Corporation, which we also refer to as "MAC," is a general trading company, engaged as an intermediary, importer/exporter, facilitator or broker in various types of trade between and among business enterprises and countries.


DEAL STATS #
Overall 4 of 4
Sector (Automotive) 1 of 1
Type (Divestiture) 4 of 4
State (Massachusetts) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-14 Advantage Funding Management

Lake Success,, New York, United States

Advantage Funding Management Co., Inc. is a provider of equipment financing and leasing solutions for ground transportation to support vehicle dealers, distributors, manufacturers, and end users nationwide.

Sell -