PHOTO: DEPOSIT PHOTOS
PHOTO: DEPOSIT PHOTOS
Jessica Perry//March 19, 2024//
Holman’s latest acquisition is also the largest retail purchase in the Mount Laurel-based company’s 100 years in business.
North Carolina-based Leith Automotive Group is now part of Holman, the buyer announced March 19. The target’s facilities are located in the greater Raleigh area and Aberdeen, N.C. The deal adds 13 new franchises and its first auction center to Holman‘s retail portfolio.
Holman said its retail business now feature 58 dealerships, 34 brands and nearly 4,500 retail automotive employees across nine states. The company declined to disclose financial terms of the deal.
“In our centennial year, we’re excited about the opportunities to strengthen and grow our automotive retail footprint that began in 1924 with a single dealership,” Holman CEO Chris Conroy said. “This acquisition represents the culmination of extensive strategy, hard work and vision to put our employee partners and our business in a position to win for the next 100 years.”
Like Holman, Leith is also a family-owned business.
The deal preserves that brand and team, which Holman President of Automotive Retail Gene Welsh said includes 1,900 members.
“Like Holman, Leith has places the highest priority on delivering excellent customer service by building a strong network of employee partners,” Welsh said.
The certified Women’s Business Enterprise serves both consumer and commercial clients with employees in the U.S., UK and Germany. In addition to retail auto sales, it also offers services such as: fleet management and leasing; vehicle fabrication and upfitting; component manufacturing and productivity solutions; powertrain distribution and logistics services; commercial and personal insurance and risk management; and retail automotive sales.