The group bought five South Carolina dealerships in January and sold two of those stores in July, the group’s CEO confirmed.
Fast-growing Anderson Automotive Group completed its second multi-dealership acquisition in South Carolina this year with a seven-store purchase Monday.
Anderson Automotive, of Raleigh, N.C., bought Toyota of Greer, Hyundai of Greer, Genesis of Greer, Nissan of Greer, Kia of Greer, Kia of Greenville and Mike Hovart Chevrolet in Easley, from Mark Escude, president of MCE Automotive Inc., according to Michael Anderson, the group’s CEO. Escude still owns one dealership, Terry Lambert Hyundai in North Augusta, S.C.
Kerrigan Advisors, a sell-side firm in Incline Village, Nev., represented Escude in the August transaction, Anderson said.
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