April 15, 2025
W.G. Nielsen & Co. is excited to announce the sale of Groove Ford and Groove Mazda to AutoNation
W.G. Nielsen & Co., a leading investment banking firm in Denver, CO, acted as an advisor to Summit Automotive Partners in the sale of its dealerships: Groove Ford and Groove Mazda in Denver, CO to AutoNation.
“This is an exciting time for us,” said Alex Gillett, CEO of Summit. “We know Groove Ford and Groove Mazda are in AutoNation’s good hands.”
Wayne Nielsen, who led the deal for W.G. Nielsen & Co., believes this is another example of increasing opportunities within the retail automotive sector. “We continue to see a significant amount of automotive transactions throughout the U.S. Our activity certainly picked up last quarter, and more so over the past couple of weeks, as dealer principals understandably have questions arising from the recent announcements of tariffs; we are working closely with clients, both on the buy and sell side, as they navigate through these times of uncertainty.”
About Summit Automotive Partners
Summit Automotive Partners is a privately-held automotive management group headquartered in Denver, CO. Summit’s dealership network is comprised of H.M. Brown & Associates (Colorado), Vista Auto (Wyoming) and Berlin City (Vermont, Maine and New Hampshire).
About W.G. Nielsen & Co.
W.G. Nielsen & Co. is a Denver-based investment banking firm specializing in mergers and acquisitions (sell-side and buy-side advisory services) and structured and leveraged financing transactions. W.G. Nielsen & Co., an independently owned FINRA investment banking firm, offers clients innovative financing solutions. W.G. Nielsen & Co. enables select mid-sized clients to achieve their goals through strategic alliances, industry experience, and proven methodologies. Since the firm's inception in 1996, W.G. Nielsen professionals have completed transactions valued at more than $6 billion. For more information, please visit www.wgnielsen.com. For information on the above transaction, please contact the WGN Team, Wayne Nielsen and Greg Karsh, at (303) 830-1515.