logo
logo

McGovern Automotive Group acquires Mercedes-Benz of Little Silver, expanding its luxury automotive portfolio

Sep 18, 2024•10 months ago

Acquiring Company

McGovern Auto Group

Acquired Company

Mercedes-Benz of Little Silver

NewtonLittle SilverManufacturingAutomotiveRetail

Description

McGovern Automotive Group (MAG) has announced the addition of Mercedes-Benz of Little Silver to its portfolio, marking the company's 31st dealership and its first in New Jersey. The acquisition expands MAG's luxury vehicle portfolio and solidifies its presence in the Northeast's luxury automotive market.

Company Information

Company

McGovern Auto Group

Location

Newton, Massachusetts, United States

About

McGovern Automotive Group (MAG) is a leading automotive retailer with a strong presence in the luxury automotive market. With the addition of Mercedes-Benz of Little Silver, MAG now operates 31 dealerships, including the first one in New Jersey. The group is committed to providing unmatched vehicle selection and customer service across all its locations.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

Matt hidden

hidden

Mark hidden

hidden