Triunity Automotive purchases Pendragon JLR dealership
Triunity Automotive Group has procured Hornburg Jaguar-Land Rover in West Hollywood, Calif., from Pendragon, a community dealership group in the United Kingdom that is marketing its U.S. portfolio.
The acquisition, which was declared in September and shut Jan. 29, is the 2nd franchised dealership for Triunity, of Fresno, Calif. It also owns Mercedes-Benz of Fresno and a truck fleet assistance heart, also in Fresno.
“The Hornburg keep is a heritage dealership with a 70-additionally calendar year history in Los Angeles and we intend on creating a very little heritage of our personal,” Triunity CEO and dealer principal Scott Biehl said in a assertion.
The dealership, which operates from individual revenue and assistance structures, has been renamed Jaguar-Land Rover Los Angeles. Triunity mentioned the store will relocate to a 100,000-sq.-foot locale in Los Angeles as early as subsequent thirty day period. The new procedure will provide product sales and services collectively into one particular facility.
“With those 70 several years have arrive some outdated services and, actually, untapped likely to serve a JLR consumer who expects a good deal,” Biehl mentioned in the assertion.
Pendragon produced about $22.3 million on the sale. It also has a offer to market its Jaguar-Land Rover retail outlet in Santa Monica, Calif., to Redwood Automotive.
National Company Brokers dealt with the transaction for Triunity and Pendragon.
