Automotive Twins (TCA), operated by the Pohlad company under the umbrella, said Wednesday that its purchase of auto dealers in the end of the same day the transaction.
The company purchased the Star West Chevrolet dealer in Delano from its owner, John Tackaberry. The financial terms of the transaction were not disclosed. TCA will retain all employees.
TCA plans to named distribution Chevrolet Delano transform it. Distributor of power sports department, will become an independent dealership business, the West Star racing and TCA intend to add new brands, its current composition, motorcycle, ATV, private boats and snowmobiles.
Wednesday's acquisition is the latest TCA has been made in a series of car dealers to buy. In August, the company said that it has signed an acquisition agreement, the acquisition of four dealers conveyor St. Louis Park LEJEUNE investment from the company, Audi and conveyor Porsche, in Golden Valley, Maplewood Audi and Maple imported. The transaction is expected to be closed at the end of this year.
TCA was founded in 2008, BMW acquired Minnetonka. The company currently has distribution rights for metro and rural markets, and in three categories - domestic, Asian mainstream and high-end luxury. In recent years have purchased other dealers Coon Rapids Chrysler Jeep Dodge Ram, groves modern INVER, St. Cloud Hyundai and the North Branch of Chevrolet, TCA broke ground last month in North Branch Chevrolet new facilities.
August of this year, the the TCA Financial Officer Brad Braun told the Twin Cities business, the company has established an M & A strategy for the Twin Cities "brand in all types around, and said it is" very interested in growing through acquisitions. "
Braun, TCA and local dealers in the twin cities of about 100 miles in its portfolio target of 10% to 20% of the ultimate goal is the dealer.
"An important part of the Star West Chevrolet, Delano over 32 years, we look forward to this success based on service social Chevrolet Delano, president of the TCA Jay Herbert in a statement said. "We are very pleased to be joining an excellent Chevrolet dealer of sister city car families".
Pohlad Company, headquartered in Minneapolis, Minnesota, USA, history can be traced back to the 1950s, and now by the second generation of prominent Pohlad family. Its holdings represent a variety of industries, including banking, financial services, entertainment, commercial real estate, retail, automotive and technology. According to its website, more than 3,500 employees in over 40 markets coast to coast. The TCA staff of 437 people, including those who work just purchased Star West Chevrolet.
The most well-known within the the Pohlad company's investment portfolio, including the Minnesota Twins, JB Hudson Jewelers, Marquette Financial Company, Marquette Real Estate Group, APL, Cushman & Wakefield / NorthMarq, and RJM construction.
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