Growing Swickard Auto Group, fresh off its August entrance into Southern California, strengthened its presence in that region with its Monday purchase of five dealerships and is slated to buy three more from the same seller early next year.
Swickard Auto, of Las Vegas, bought Acura of Thousand Oaks, Honda of Thousand Oaks, Jaguar-Land Rover Thousand Oaks, Mercedes-Benz of Thousand Oaks and Lexus of Thousand Oaks from AndersonAutos, a subsidiary of Anderson Holdings in Los Angeles, according to George Karolis, president of Presidio Group, an investment banking and dealership advisory company in Denver and Atlanta. Presidio Group represented Anderson Holdings in the transaction.
Anderson Autos’ three remaining dealerships, made up of Cadillac, Chevrolet and Buick-GMC stores, are set to be sold to Swickard Auto in the first quarter of 2023, Karolis said. Those three dealerships are also in Thousand Oaks, which is west of Los Angeles.
The JLR, Mercedes-Benz and Lexus dealership names remain, while the other dealerships were renamed Swickard Acura of Thousand Oaks and Swickard Honda of Thousand Oaks, according to Greg Gates, Swickard’s vice president of business transformation. The Mercedes-Benz dealership, which includes a Sprinter franchise, also has a dedicated AMG showroom.
