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Serra Automotive, Germain Automotive Partnership buy Lexus and Toyota dealerships

Two Lexus and two Toyota dealerships in Michigan now are owned by a pair of growing Midwest dealership groups.

A pair of Midwest dealership groups expanded via dealership purchases from Michigan’s Spartan Auto Group, which sold its remaining four stores in the state in two transactions.

Serra Automotive Inc., of Fenton, Mich., one of the largest privately held groups in the country, bolstered its presence in the state with its Monday purchase of Lexus of Lansing. The acquisition marks Serra Automotive’s first Lexus store.

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