US-based DCG Acquisitions, a Dave Cantin Group company, has closed an acquisition uniting two automotive groups, the company said.
DCG represented both parties, whereby the Gee Automotive Companies, among the top three largest family-owned and operated automotive groups in the Pacific Northwest, acquired Dick's Auto Group, one of the oldest family-owned and operated automotive groups in western Portland.
The transaction consisted of Dick's Hillsboro Chevrolet, Dick's Country CDJR, and Dick's Mackenzie Ford. Under the new ownership they will be known as Tonkin Hillsboro Chevrolet, Tonkin CDJR and Tonkin Hillsboro Ford.
Gee Automotive Companies has more than 40 OEM franchises in 33 locations.
Dave Cantin Group is headquartered at Rockefeller Center in New York City, with additional offices nationwide.
DCG encompasses three full-service areas, DCG Mergers and Acquisitions and DCG Capital specializing in automotive acquisitions, capital services for automotive dealers, succession planning, and managing the sale and purchase of automotive dealerships.
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