Fred Beans Automotive Group has acquired 4 Abington, Pennsylvania dealerships, in addition to a collision middle from Rosenthal Automotive Group. Based on Automotive Information, the dealerships Fred Beans purchased embody Acura, Honda, Hyundai and Mazda of Abington, with the collision middle situated in Fred Beans’s new Honda dealership.
It isn’t clear how a lot Fred Beans paid for these dealerships, as Fred Beans selected to not share the small print of the take care of Automotive Information. Fred Beans additionally wasted no time including the Fred Beans identify to the dealerships that Fred Beans purchased. The deal closed Monday, and by Tuesday, Fred Beans already had the brand new indicators up.
With the 4 dealerships that Fred Beans simply bought, Fred Beans now owns a complete of 27 Fred Beans dealerships in Pennsylvania and New Jersey. Fred Beans additionally owns two Fred Beans service facilities, 4 Fred Beans rental places, and a Fred Beans elements warehouse slash distribution middle.
CEO Fred Beans based the Fred Beans Automotive Group in 1975 and runs it together with his daughters Beth Beans Gilbert, Barbara Beans and Jennifer Beans Keiser.
“This was a possibility to develop our footprint in our goal market, affording us the chance to have a powerful presence at these new places,” Beth Beans Gilbert advised Automotive Information. “We additionally see this enlargement as a logical alternative as we have already got success promoting the Hyundai model, and we’re including three new robust manufacturers to our stock with Acura, Honda and Mazda.”
Fred Beans.
