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Cowboy Toyota Dealership Partners with The CAR Group in Sale to Expand Norm Reeves Brand

Oct 22, 2024•9 months ago

Contract Type

partnership

Dallas

Description

Kerrigan Advisors represented Dallas, Texas-based Cowboy Toyota in the sale of its dealership to The CAR Group, also known as Norm Reeves, the 23rd largest US dealership group. This partnership expands the Norm Reeves brand into the Texas market, providing Cowboy Toyota employees with a promising future in the car business.

Company Information

Company

Cowboy Toyota Dealership

Location

Dallas, Texas, United States

About

Cowboy Toyota Dealership, located in Dallas, Texas, has been owned by Ron Schwartz, Bob Cannon, the Bohn Brothers, and Tobias Fulton for the last 18 years.

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months