Lance Iserman News Today

Morries Auto Group has acquired three Chippewa Valley car dealerships with its purchase of Chilson Motors.

Plus the UAW is targeting Tesla to unionize and Berkshire Hathaway offloads BYD

Dealership mergers and acquisitions have remained remarkably active so far this year, even in the face of substantial economic challenges.

Morrie's acquired the dealerships from Joe Sexton and Gary Posch, long-time Minnesota auto dealers.

/PRNewswire/ -- Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side...

/PRNewswire/ -- Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side...

FORT LAUDERDALE, Fla., July 13, 2022 /PRNewswire/ -- Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in ...

Midwest dealership company Morrie’s Auto Group has acquired its first two Michigan locations, both in the Lansing area.

In addition to a few other dealer group moves this week, Sonic Automotive said Wednesday it has opened an EchoPark delivery center in Baton Rouge, La., the second location in the state for Sonic’s chain of standalone used-car stores.

Consolidation Sweeps Across Auto Dealerships During Pandemic Minnetonka-based Morrie’s Auto Group is part of the national trend of big players growing larger. The CEO of Morrie’s Auto Group wants to double the number of dealerships that Morrie’s owns in the Twin Cities—expanding from 12 to 24. “We have a lot of room for growth,” CEO Lance Iserman said in a Twin Cities Business interview. “We could add another 12 stores, and I would be comfortable with that.” Iserman is...