Car Pros Automotive Group has sold its three Puget Sound-area dealerships to one of Canada’s largest family-owned dealership groups for an undisclosed amount, according to an announcement Monday.
The deal transfers Car Pros Kia Tacoma, Car Pros Kia Renton and Car Pros Hyundai Renton to Go Auto of Edmonton, Alberta. The sale also includes a property portfolio totaling $41.3 million, including 16 acres of land and 102,417 square feet of structures across nine structures.
Car Pros Kia Tacoma is located at 7230 S. Tacoma Way. The Kia Renton dealership is at 200 SW Grady Way, and the Hyundai Renton location is at 201 S. Seventh St.
The acquisition marks Go Auto’s first expansion into the Seattle metro area. It acquired its first U.S. dealership in Bellingham in 2023. The company operates 74 dealerships across North America, representing 30 automotive brands, it said in its announcement.
Renton-based Car Pros was founded in 1993 by Ken Phillips in downtown Tacoma. The family-owned dealership had more than 700 employees prior the sale and was ranked by Automotive News as the 48th-largest U.S. dealership group. Its remaining six dealerships are all in California, including locations in Glendale, Huntington Beach, Moreno Valley, El Monte and Los Angeles.
“Our roots in Tacoma run deep, and we are profoundly grateful for the support of our employees and communities,” Car Pros CEO Matthew Phillips said in a statement.
Kerrigan Advisors represented Car Pros in the transaction. Legal counsel for Car Pros was provided by Derek Crick of Ryan Swanson. Go Auto was represented by Jessica Cohen of Miller Nash and Ameen Tejani of Dentons Canada LLP.
This is the second sale of an automotive group in the Seattle area involving a Canadian company this year. In June, Fields Auto Group of Chicago acquired the Bellevue-based Rolls-Royce, Bentley, McLaren and Lamborghini dealership for $43 million. The seller was OpenRoad Auto Group, based in Richmond, British Columbia.
Kerrigan Advisors is the leading sell-side advisor and thought partner to auto dealers nationwide. Since its founding in 2014, the firm has led the industry with the sale of more than 300 dealerships generating more than $10 billion in client proceeds, including two of the largest transactions in auto retail history – the sale of Jim Koons Automotive Companies to Asbury Automotive Group and Leith Automotive to Holman. The firm advises the industry’s leading dealership groups, enhancing value through the lifecycle of growing, operating and, when the time is right, selling their businesses. Led by a team of veteran industry experts with backgrounds in investment banking, private equity, accounting, finance and real estate, Kerrigan Advisors is the only firm in auto retail exclusively dedicated to sell-side advisory, providing its clients the assurance of a conflict-free approach.
Kerrigan Advisors monitors conditions in the buy/sell market and publishes an in-depth analysis each quarter in The Blue Sky Report®, the industry authority on dealership buy/sell market trends and valuations and includes Kerrigan Advisors’ signature blue sky charts, multiples and analysis for each franchise in the luxury and non-luxury segments. To download a preview of the report, click here. The firm also releases The Kerrigan Index™ comprised of the seven publicly traded auto retail companies with operations focused on the US market. The Kerrigan Auto Retail Index is designed to track dealership valuation trends, while also providing key insights into factors influencing auto retail. To access The Kerrigan Index™, click here. To read the 2024 Kerrigan Dealer Survey, click here. To read the 2025 Kerrigan OEM Survey, click here. Kerrigan Advisors also is the co-author of NADA’s Guide to Buying and Selling a Dealership.
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