Gregg Ciocca has since grown his dealership business to 24 stores and 16 brands across Pennsylvania and New Jersey. The group also was awarded a Subaru open point in Philadelphia, a 170,000-square-foot store that is set to open for sales in August.
Ciocca, of Quakertown, Pa., ranks No. 93 on Automotive News‘ list of the top 150 dealership groups based in the U.S., retailing 9,926 new vehicles in 2020.
The Kerbeck family operates the F.C. Kerbeck exotics dealership in Palmyra, N.J. The store sells Rolls-Royce, Bentley, Lamborghini, Aston Martin and Maserati vehicles. It also has F.C. Kerbeck Buick-GMC in Palmyra.
Bel Air Partners, a buy-sell advisory firm in Hopewell, N.J., represented the sellers in the transaction. Ciocca did not use a broker.
