Castle Automotive Team Acquisition
OAK BROOK, Unwell., Sept. 30, 2022 (Globe NEWSWIRE) — Castle Automotive Team (CAG), a increasing automotive retailer with company headquarters in Oakbrook Terrace, IL, has finished two transactions this yr with the acquisition of Naperville Chrysler Dodge Jeep Ram and Gary Lang Car Team in McHenry. These two acquisitions carry Castle Automotive Group to 14 locations and 26 new motor vehicle franchises through Illinois and Northwest Indiana with a potent portfolio of brand names – Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Jeep, Kia, Lincoln, Mitsubishi, RAM, Subaru and Volkswagen.
“First of all, I would like to say thank you and congratulations to Ed Burke, President of Naperville CDJR and Gary Lang, President of Gary Lang Car Team. Both equally of these gentlemen had been a pleasure to operate with from the working day we engaged all the way as a result of a seamless acquire-promote transaction. When entering into these substantial and incredibly psychological transactions, it is quite vital to me that all parties are dealt with pretty and with regard to their legacies, individuals, and communities. I wish both of those of them the greatest in their subsequent chapter of existence. Also, thank you to my acquisitions teams at CAG, Andrew Dorgan and DSMC, VP of M&A Jennifer Rafael, and economic husband or wife Ally for doing the job you tails off this 12 months to carry these 2 offers to the end line.
“On a business be aware, we experience these 2 acquisitions are the correct in good shape for our enterprise with the proper brand names in the proper areas. We are very pleased to have additional Kia and Cadillac to our portfolio, as very well as our third Chevrolet franchise and 2nd CDJR, Subaru, Buick, GMC, and Mitsubishi franchise. This provides our corporation a great deal of scalability in a hugely aggressive current market. It has been a chaotic yr for us and all associated to make this transpire. I search ahead to welcoming and onboarding all of the 200+ employees, their family members, and 11 additional new motor vehicle franchises to the CAG platform from these transactions.” -Joe Castle, CEO of Castle Automotive Team
About Stellantis.
Stellantis N.V. is a multinational automotive producing company fashioned in 2021. The principal activity of Stellantis is the structure, development, manufacture and sale of cars bearing its 16 brands of Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Experienced, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram and Vauxhall. At the time of the merger, Stellantis had around 300,000 workforce, a presence in more than 130 countries with manufacturing facilities in 30 countries.
About Kia.
Headquartered in Irvine, California, Kia The usa continues to major automotive top quality surveys and is identified as one of the 100 Greatest Global Makes. Kia serves as the “Formal Automotive Lover” of the NBA and provides a vary of gasoline, hybrid, plug-in hybrid and electrified motor vehicles bought via a network of almost 750 dealers in the U.S., such as many cars and SUVs proudly assembled in America.
About Subaru.
Subaru of The united states is dedicated to remaining a favourable drive in the world and performing as a fantastic corporate citizen via liable leadership, ethical company techniques, and environmental defense. In addition to the corporate headquarters in Camden, New Jersey, and the zero-landfill assembly plant in Lafayette, Indiana, Subaru has 8 regional distribution offices, a few regional offices, 12 zone offices, and more than 600 vendors throughout the U.S.
About Standard Motors.
Typical Motors’ target is to supply entire world-class purchaser activities at each touchpoint and do so on a basis of have faith in and transparency. Headquartered in Detroit, Michigan, with workforce all around the globe, Typical Motors is a organization with global scale and abilities. They employ about 155,000 men and women, provide 6 continents with a various workforce talking 75 languages.
About Castle Automotive Team (CAG)
Castle Automotive Team (CAG) now owns 10 locations all over Illinois and Northwest Indiana representing Domestic, Asian, and Germain brand names. Castle also presents clients a vast variety of automotive goods and companies, including new and made use of vehicle profits and similar funding and insurance policies solutions, support contracts, vehicle repair and routine maintenance plans, and OE elements. Looking towards the upcoming, this acquisition will further Castle Automotive Group’s initiative to lover with a lot more EV-targeted brand names as the automotive marketplace moves in the direction of that, as perfectly as its ideas to keep on innovation and investment. Castle Automotive Group will go on to make investments in best markets all through the Chicagoland place through a variety of packages, such as the Castle Invest in Middle, Castle Credit history Center, and CastleCars.com, their Direct-To-Consumer obtaining experience. These packages are established in put to present a diverse variety of options to simplify the on line car purchasing and promoting system. For far more information and facts, remember to take a look at www.castleautomotivegroup.com, www.castlecars.com, and www.castlecdjrnaperville.com & www.castleautoplexmchenry.com.
Speak to Information and facts:
Sean Seltzer
Chief Advertising Officer
[email protected]
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Image 1: Castle Automotive Team Acquisition
Castle Automotive Group Acquisition
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