Pinnacle Mergers & Acquisitions Facilitates Sale of Three Texas Dealerships

Julia Herrera and Idea Auto Group acquired South Austin Nissan; Bravo Auto acquired Baytown Nissan, while Mike Terry AND Jarry Carver they took over Hyundai Silsbee.

SOUTHLAKE, Texas, August 6, 2024 /PRNewswire/ — Pinnacle Mergers & Acquisitions, a nationwide automotive brokerage firm, recently completed three successful transactions in Texas automotive market: South Austin Nissan and Baytown Nissan, both owned by Central Automotive Group and Hyundai Silsbee owned by Dale EarlyThe latest transactions involve over 200 dealerships in Texas sold by Pinnacle.

South Austin Nissan was acquired by Julia Herreraexpanding IDEA Auto Group into her solo venture and will now operate under the name City Limits Nissan. Herrera founded IDEA Auto Group in 2022, spinning off from the Cavender Auto Family and naming her company with the letters representing her vision of inclusivity, diversity and equity in the automotive industry. This year, IDEA Auto debuted on Automotive News’ list of the 150 best dealership groups in the U.S., ranking No. 126, with 8,380 new vehicles sold in 2023.

Bravo Auto Group, owned by Raymond Palaciosbought Baytown Nissan, which will operate under the same name. Palacios comes from Houstonand this is the first Bravo store in Houston market. Bravo has five other stores in Victoria, El PasoAND Las Cruces, New Mexico. Mike Simspresident of Pinnacle Mergers and Acquisitions, brokered the transaction.

Mike Terry AND Jarry Carver he bought a Hyundai Silsbee through their new partnership E1T1 Auto Group. This marks Terry’s fifth partnership Texas store and third brand since becoming a dealer in 2019. The store will operate as Mike Terry Hyundai and is the first newly established partner store. Carver currently operates three stores in Virginia. Wes Hamiltonexecutive vice president of Pinnacle Mergers and Acquisitions, brokered the transaction.

“As the automotive industry landscape continues to change, we continue to see a strong market for dealer acquisitions in key markets across the country,” Sims said. “Our team’s extensive industry experience and relationships continue to deliver above-market results for our clients.”

With over 60 years of combined experience as brokers on both the buy-side and sell-side of transactions, Pinnacle remains committed to integrity and client success, a commitment that has guided them for the past three decades. Using their unparalleled industry knowledge, the Pinnacle team continues to excel as brokers, always eager to help their clients achieve their goals as buyers or sellers.

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To learn more about the services offered by Pinnacle Mergers & Acquisitions or to request a confidential consultation, please visit www.pinnaclemergers.com.

Contact with the media: Nikki Jones[email protected]

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SOURCE Pinnacle Mergers & Acquisitions