logo
logo

Dcg Acquisitions, A Dave Cantin Group Company, Closes Lithia Motors’ Acquisition Of Henderson Hyundai Superstore/Genesis

Jun 28, 2022•about 3 years ago

Acquiring Company

Dave Cantin Group

Acquired Company

Henderson Hyundai SuperstoreGenesis

Financial Services

Description

DCG Acquisitions, a Dave Cantin Group Company, closed the transaction of Henderson Hyundai Superstore/Genesis to Lithia Motors Inc. This deal continues DCG’s record-breaking year in automotive dealership transactions. The Nevada state dealership will remain known as Henderson Hyundai Superstore, serving Henderson, Las Vegas, North Las Vegas, Enterprise and Paradise, Nevada. DCG represented both the seller Henderson Hyundai Superstore/Genesis and buyer Lithia Motors Inc. in this deal.

Company Information

Company

Dave Cantin Group

About

DCG, founded in 2018 and headquartered in New York City, today is one of the world’s largest and most successful automotive M&A firms. As a holding company, DCG is comprised of subsidiaries designed to support the firm’s mission to build, grow, enhance, and secure clients’ legacies in the automotive industry. DCG Acquisitions is the Mergers & Acquisitions arm specializing in automotive buy/sell transactions. DCG Capital provides capital-focused services for automotive dealers. DCG Media curates automotive-specific intelligence and data and disseminates information through various channels. DCG Giving is a nonprofit that aims to benefit child and adolescent cancer research and treatment nationwide. To learn more, visit www.davecantingroup.com

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