Sale of Groove Honda to Corwin Automotive Group

W.G. Nielsen & Co. is excited to announce the sale of Groove Honda to Corwin Automotive Group

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 dealership: Groove Honda in Colorado Springs, CO to an affiliate of Corwin Automotive Partners. 

Dan Wilson, CFO of Corwin, stated, “This is a wonderful opportunity for Corwin to expand our presence in Colorado Springs.  We are thrilled by the opportunity to take on the long-term relationships the Gillett family created with this dealership.  Corwin looks forward to building upon the success the Groove team developed.” 

“We acquired Groove Honda in 2021 at the height of the pandemic and, through the implementation of our practices, were able to achieve tremendous growth and efficiencies,” said Alex Gillett, CEO of Summit. “We are humbled to have served the Colorado Springs market and excited that the dealerships will be in Corwin’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. “This is a dealership we assisted Summit acquire in 2021 and honored to work with them again on this transaction. We continue to see a significant amount of automotive transactions.The Corwin team proved to be true professionals throughout the entire transaction process.” 

About Summit Automotive Partners

Summit Automotive Partners is a privately-held automotive management group headquartered in Denver, CO.  Summit’s dealership networkis comprised of Groove Automotive and H.M. Brown & Associates (Colorado), Vista Auto (Wyoming) and Berlin City (Vermont, Maine and New Hampshire).

About Corwin Automotive Group

Family driven and owned for over 100 years, Corwin has 17 store locations across the country in states including North Dakota, Nebraska, Nevada, Missouri, Idaho, Colorado, Montana and Washington. Brands include Ford, Chevrolet, GMC, Buick, Cadillac, Chrysler, Dodge, Jeep, Ram, Fiat, Toyota and Honda.

About W.G. Nielsen& Co.

‍W.G. Nielsen & Co. is a Denver-based investment banking firms pecializing 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.

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