Serra Automotive expands with Tom Holzer Ford dealership purchase
Growing megadealer Serra Automotive Inc. of Fenton has purchased another metro Detroit dealership.
Serra on Monday bought Tom Holzer Ford in Farmington Hills from Connie Holzer and renamed the dealership Serra Ford Farmington Hills.
Terms of the deal were not disclosed.
In a note to employees about the acquisition, Serra Automotive Chairman Joe Serra said Tom Holzer died in 2006 and his wife took over the business and helped grow it into one of the nation’s highest-volume Ford stores. The automaker confirmed that Tom Holzer Ford ranked No. 20 in new-vehicle Ford sales nationally in 2021.
Serra also said Ben Heer was named general manager.
The transaction is Serra Automotive’s second in a month. Serra Automotive on April 4 bought Shelton Buick-GMC in Rochester Hills. In February 2021, it bought Buff Whelan Chevrolet in Sterling Heights, then the nation’s highest-volume Chevy dealership.
Serra Automotive has dealerships across Michigan, Colorado, Illinois, Indiana, New Jersey, Ohio and Tennessee. It ranks No. 12 on Automotive News’ list of the top 150 dealership groups based in the U.S., retailing 40,047 new vehicles in 2021.