DCG Acquisitions, A Dave Cantin Group Company (DCG) Drives Record Number Of Mergers And Acquisitions In 2021 | National News
NEW YORK, 4th August 2021 / PRNewswire / – Dave Cantin Group (DCG), an automotive holding company focused on securing contaminated sites, announces an outstanding year for DCG Acquisitions, a Dave Cantin Group company. DCG has broken its own record by completing 16 acquisitions to date July 31, with an additional 21 transactions expected to close in 2021.
“DCG Acquisitions, A Dave Cantin Group Company (DCG) Achieves Record Number of Mergers and Acquisitions in 2021 “
One of the most recent transactions is the takeover by long Island, new York-based Atlantic Automotive Group, owned by John Staluppi sr. – Lexus of Route 110 and Lexus of Rockville Center – which was recently sold to the Len Stoler Automotive Group. DCG also represented the sale of two other Lexus dealers in California; Lexus from Oxnard and Lexus from Santa Barbara, purchased by the Ken Garff Automotive Group from Lithia Motors. DCG is also delighted to be representing four incredible Las Vegas, Nevada dealerships acquired from Lithia Motors, one of the most sought-after automotive markets in the industry. DCG is an expert in valuing the value of a car dealership and specializes in the presentation of platform purchases and supports several car dealerships within a single acquisition.
DCG founder and CEO Dave Cantin attributes the steadily growing success and growth of his already highly regarded and acclaimed company in 2021 to three unique factors that come together at the same time: the low acquisition costs, the impact of the pandemic on consolidation and acquisitions, and historical acquisition opportunities.
“This year has been an exciting, momentous time with unique growth and expansion opportunities in the automotive industry,” said Cantin. “Through the ingenuity of our M&A team, building relationships and capitalizing on the unique circumstances that favor transactions in 2021, DCG has cemented its reputation as a smart, industry leader in the automotive acquisition industry.”
The pandemic, combined with historically low interest rates, has created a market where many traders take a once-in-a-lifetime opportunity to sell their traders.
“Automotive entrepreneurs are very resilient, and COVID hasn’t stopped them from exploring acquisition and merger opportunities,” Cantin said. “Combined with a record number of merchants willing to sell DCG’s knowledge and expertise, it provides the cheapest deals for its customers.”
The pandemic created a new environment that forced some leading auto dealers to diversify their existing portfolios and buy more dealers in order to expand their distribution channels and geographic reach.
“Dave Cantin and the Dave Cantin Group team brought outstanding professionalism, creativity and work ethic to the acquisition they handled for us. The process went smoothly and DCG handled it with skill and a winning attitude. I look forward to working with them again one day. “
John Garff, CEO, Ken Garff Automotive Group
“The success and growth of Lithia Motors depends heavily on who we partner with, and DCG Acquisitions takes that responsibility as seriously as we do. DCG is a trusted partner of Lithia and has our acquisition and divestment needs across the board Country successfully represented. Dave and team are trustworthy advisors and real professionals that we can rely on for years to come. “
Bryan DeBoer, President and CEO, Lithia Motors
“We are keeping an eye on the automotive landscape and working tirelessly and skillfully to identify key merger and acquisition opportunities,” said Cantin. “For our team of merger and acquisition growth specialists, no acquisition is out of reach.”
above Dave Cantin:
Dave Cantin is the founder and CEO of DCG Acquisitions, a Dave Cantin Group (DCG) company, a seasoned business veteran with more than 20 years of experience in the automotive industry. He has an extensive knowledge of analyzing appraisals of a dealership’s worth and negotiating entire buy and sell transactions. Cantin’s specialty is advocating platform purchases and monitoring multiple traders within a single store. His business acumen, passion, and commitment to researching innovative sales opportunities made a small local dealership the most significant individual dealership in the region. Dave Cantin, a cancer survivor, has personally helped raise more than $ 150 million in the fight against childhood cancer. Cantin is committed to eradicating cancer, and its DCG Gives Back program donates an annual percentage of its revenues to children’s purposes. For more information on the Dave Cantin Group visit www.davecantingroup.com
About the Dave Cantin Group:
The Dave Cantin Group (DCG) is headquartered in the renowned Rockefeller Center in New York City, with additional offices across the country. DCG comprises the three full-service areas DCG Mergers & Acquisitions and DCG Capital with a focus on car purchases, capital services for car dealers, succession planning and the sale and purchase of car dealerships. The DCG team has collectively closed billions in dealership mergers and acquisitions. DCG is one of the world’s largest automotive M&A firms, helping automotive owners with growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. DCG supports the growth of a company by offering buy / sell opportunities and identify potential for geographic expansion. In addition, Dealer News Today is a partnership between the Dave Cantin Group and Cox Automotive. The Dealer News Today podcast series, hosted by Derek D, is on the cutting edge of automotive news with a 100% focus on delivering auto content and insights that dealers need today and need tomorrow to be successful. DCG Returns: The Dave Cantin Group is committed to donating a percentage of all proceeds from DCG Acquisitions to a charity that supports children’s issues at the acquired dealer location. For more information on the Dave Cantin Group visit www.davecantingroup.com
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SOURCE Dave Cantin Group