Steet Ponte Nissan, New York

ACQUISITION HIGHLIGHTS

DCG ACQUISITIONS CLOSES ON SALE OF LITHIA MOTORS’ CARBONE NISSAN TO STEET PONTE AUTO GROUP

Automotive Acquisitions Industry Leader Continues Best Year In History

(New York, New York – October 5, 2021) DCG Acquisitions, a Dave Cantin Group company,(DCG) closed on Lithia Motors’ Carbone Nissan by Steet Ponte Auto Group, now Steet Ponte Nissan, located in Central New York. This is the latest acquisition closed on by DCG, adding to the industry forerunner’s record-setting year. This is the 5th closing in two weeks.

Lithia Motors is one of the largest providers of personal transportation solutions in the U.S. and is among the fastest growing companies in the Fortune 500. With the broadest coast-to-coast automotive retail network in the U.S., Lithia reaches 92% of consumers with its expanding physical network and digital conveniences.

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Lithia Motors’ success and growth rely heavily on those we choose to partner with, and DCG Acquisitions takes that responsibility as seriously as we do. DCG is a trusted partner to Lithia and has successfully represented our acquisition and divestiture needs across the country. Dave and team are trusted advisors and true professionals that we look forward to relying on for years to come. 

Bryan DeBoer President & CEO, Lithia Motors Inc.

Our recent purchase of Carbone/ Lithia Nissan took a little coordinating that really couldn’t have been done without the help of Brian Traugott. If there were any obstacles, Brian made sure he handled them to the satisfaction of both parties. Thank you Brian, and we look forward to doing more business with you in the future! 

Joseph Steet

Deal Summary

  • Date October 2021
  • SECTOR Automotive
  • SELLER(S) Lithia Motors
  • BUYER(S) Steet Ponte Auto Group
  • DEAL LOCATION NY

ADVISORS

Brian Traugott
Dave Cantin
Brian Gordon
Tony Karabon
Stephen Jones

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