Summit Automotive Companions of Centennial, Colo., which has dealerships in 5 states, has expanded in Colorado with the acquisition of a Honda dealership.

Summit on Sept. 13 purchased Freedom Honda in Colorado Springs from Piercey Automotive Group of Irvine, Calif.

Summit Automotive ranks No. 54 on Automotive Information‘ most up-to-date checklist of the highest 150 dealership teams based mostly within the U.S., retailing 16,205 new automobiles in 2020, whereas Piercey ranks No. 67 on the identical checklist, retailing 13,469 new automobiles in 2020.

Piercey has 4 different Honda shops and one Toyota dealership, with shops positioned in California and Arizona, in accordance with its web site.

Summit is owned by George Gillett and household, together with companions, and consists of Motion Nissan in Nashville; the Berlin Metropolis Auto Group with dealerships in Maine, New Hampshire and Vermont; Groove Auto within the Denver space; and Groove Silverthorne in Colorado. The dealership group sells Ford, Mazda, Honda, Lexus, Buick, Dodge, Kia, Subaru, Chevrolet, Chrysler, Nissan, Toyota, GMC and Jeep, in accordance with its web site.

A message on the Freedom Honda web site from Bret Peterson, Freedom Honda’s basic supervisor, stated the shop would be a part of Summit’s Groove Auto.

“With this bigger group behind us, the most effective will get even higher,” Peterson wrote within the put up. “We’ll have the sources to higher serve you and the whole neighborhood, to supply a greater diversity of automobiles and attain the next degree of buyer expertise.”

Invoice Scrivner of Pinnacle Mergers & Acquisitions, a buy-sell agency in Frisco, Texas, represented the vendor within the transaction.

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