Morgan Automotive Group, one of the largest dealership groups in the country, continued its rapid pace of acquisitions with the purchase of four dealerships in Florida in March and April, chairman Larry Morgan confirmed.
Morgan Automotive, of Tampa, Fla., on March 15 purchased Kendall Hyundai-Genesis in Miami from Potamkin Automotive Group Inc., Morgan told Automotive News. The name remains.
The purchase represents the group’s first foray into Miami, Morgan said. Planning has begun for renovations that will include a larger showroom and more service bays, he added.
Following the Miami acquisition, on April 27, Morgan Automotive bought two dealerships in Leesburg and one in Fruitland Park from Bill Bryan of Bill Bryan Automotive Group. Bryan, a friend of Morgan’s, had unidentified partners in the stores, Morgan said.
The three dealerships are near The Villages, Central Florida’s sprawling master-planned community for active residents 55 and older.
“They don’t allow any car dealerships in The Villages per se,” Morgan said. “But we’re right on the outskirts.”
The former Bill Bryan Kia and Bill Bryan Subaru, renamed Kia of Leesburg and Villages Subaru, are in Leesburg. Bill Bryan Chrysler-Dodge-Jeep, which also sold Ram, in Fruitland Park, is now named Chrysler-Dodge-Jeep-Ram of Leesburg.
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