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Letter to the Editor
Friday October 28
UnitedAuto Acquires Cush Automotive Group
United Auto Group, Inc. has signed an agreement to acquire the Cush Automotive Group, with six dealerships located in San Diego, California.Commenting on the acquisition, George Brochick, Executive Vice-President of UnitedAuto's West Operations, said, "We are thrilled with the opportunity to expand our presence in California with the Cush Automotive Group. Once completed, the acquisition of these franchises will provide UnitedAuto with additional scale to complement our existing operations in the Kearny Mesa area of San Diego."
The dealerships to be acquired are expected to generate approximately $300 million in annualized revenues. The transaction is subject to customary closing conditions and is expected to close during the first quarter of 2006.
United Auto Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 269 retail automotive franchises, representing 40 different brands, and 29 collision repair centers. UnitedAuto has 167 franchises in 19 states and Puerto Rico and 102 franchises located internationally, primarily in the United Kingdom.
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