Ciocca Automotive Group has made a significant move by acquiring the renowned Apple Automotive Group, a dealership conglomerate in Pennsylvania. This deal, facilitated by Haig Partners, includes a remarkable portfolio of 10 franchised dealerships and various automotive services across York County, PA. The acquisition showcases prestigious brands such as BMW, Ford, Chevrolet, Chrysler-Dodge-Jeep-Ram, Honda, Nissan, and Subaru.
This strategic move expands Ciocca Automotive Group’s operations even further, increasing their dealership count to an impressive 52 locations. With the addition of 18 collision centers across Pennsylvania and New Jersey, Ciocca Automotive Group is set to become a powerhouse in the automotive industry. This expansion is estimated to boost their annual revenue to a staggering $3 billion.
Gregg Ciocca, the founder and CEO of Ciocca Automotive Group, expressed his enthusiasm for stewarding the Apple Automotive legacy into the future. In a news release, he stated, “We take seriously our responsibility to continue delivering the same level of service excellence that customers have come to expect from Apple Automotive. We are honored to champion the company’s efforts in supporting the communities it serves.”
The decision by The Stewart Companies to divest the Apple Automotive Group is part of their strategy to focus on core businesses in building products, construction, and real estate. David Stewart, the CEO of The Stewart Companies, praised Apple Automotive’s role in setting service and quality standards in York County since its establishment in 1976. Stewart expressed confidence in Ciocca Automotive Group as the ideal successor, ensuring the continued legacy of Apple Automotive.
This acquisition not only marks a significant expansion for Ciocca Automotive Group but also signifies the confidence placed in their ability to maintain the high standards set by Apple Automotive. With their extensive portfolio of dealerships and commitment to excellence, Ciocca Automotive Group is poised to continue thriving in the automotive industry while providing exceptional service to the communities they serve.
FAQ Section:
1. What is the significance of Ciocca Automotive Group’s acquisition of Apple Automotive Group?
Ciocca Automotive Group has made a significant move by acquiring the renowned Apple Automotive Group, which includes 10 franchised dealerships and various automotive services across York County, PA. This strategic move expands Ciocca’s operations, increasing their dealership count to 52 locations and establishing them as a powerhouse in the automotive industry.
2. What prestigious brands are included in the acquisition?
The acquisition includes dealerships for prestigious brands such as BMW, Ford, Chevrolet, Chrysler-Dodge-Jeep-Ram, Honda, Nissan, and Subaru.
3. How does this acquisition expand Ciocca Automotive Group’s operations?
Ciocca Automotive Group’s operations are expanded through the addition of 18 collision centers across Pennsylvania and New Jersey.
4. What is the estimated impact on Ciocca Automotive Group’s annual revenue?
This expansion is estimated to boost Ciocca Automotive Group’s annual revenue to $3 billion.
5. Who is the founder and CEO of Ciocca Automotive Group?
Gregg Ciocca is the founder and CEO of Ciocca Automotive Group.
6. What is Ciocca Automotive Group’s commitment to service excellence?
Ciocca Automotive Group is committed to delivering the same level of service excellence that customers have come to expect from Apple Automotive.
7. Why did The Stewart Companies decide to divest the Apple Automotive Group?
The Stewart Companies decided to divest the Apple Automotive Group as part of their strategy to focus on core businesses in building products, construction, and real estate.
8. Who is the CEO of The Stewart Companies?
David Stewart is the CEO of The Stewart Companies.
9. How long has Apple Automotive been setting service and quality standards in York County?
Apple Automotive has been setting service and quality standards in York County since its establishment in 1976.
Key Definitions:
1. Dealership conglomerate: A group or collection of vehicle dealerships in one organization.
2. Franchised dealerships: Dealerships that have a contractual agreement with a specific brand or manufacturer.
3. Collision centers: Facilities that provide repair services for vehicles involved in accidents or collisions.
Suggested Related Links:
1. Ciocca Automotive Group: Official website of Ciocca Automotive Group.
2. Haig Partners: Official website of Haig Partners, the facilitator of the Ciocca-Apple Automotive deal.
3. The Stewart Companies: Official website of The Stewart Companies, the divesting entity of Apple Automotive Group.
The source of the article is from the blog hashtagsroom.com