M&A Deal Summary

Tim Lamb Group Acquires Gibbons Ford Dealership

On January 19, 2023, Tim Lamb Group acquired automotive company Gibbons Ford Dealership from Tasca Automotive Group

Acquisition Highlights
  • This is Tim Lamb Group’s 1st transaction in the Automotive sector.
  • This is Tim Lamb Group’s 1st transaction in the United States.
  • This is Tim Lamb Group’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2023-01-19
Target Gibbons Ford Dealership
Sector Automotive
Buyer(s) Tim Lamb Group
Sellers(s) Tasca Automotive Group
Deal Type Divestiture

Target

Gibbons Ford Dealership

Dickson City, Pennsylvania, United States
Gibbons Ford Dealership is an own and operator of automotive dealership. Gibbons Ford Dealership is based in Dickson City, Pennsylvania.

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Buyer(S) 1

Buyer

Tim Lamb Group

Columbus, Ohio, United States
Category Company
Sector Automotive
DESCRIPTION

Tim Lamb Group is an auto dealership sales and acquisitions firm. Tim Lamb Group is based in Columbus, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Tasca Automotive Group

Cranston, Rhode Island, United States
Category Company
Founded 1943
Sector Automotive
DESCRIPTION

Tasca Automotive Group is an own and operator of automotive dealership. Tasca Automotive Group was founded n 1943 and is based in Cranston, Rhode Island.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-13 L. T. Begnal Motor

Kingston, New Jersey, United States

L. T. Begnal Motor is a provider of new and used passenger cars, utility vehicles, vans, and trucks. L. T. Begnal Motor was founded in 1984 and is based in Kingston, New Jersey.

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