Castle Automotive Group announced the completion of two acquisitions: Naperville Chrysler Dodge Jeep Ram and Gary Lang Auto Group.
With these purchases, Castle now has 14 locations and 26 new-car franchises throughout Illinois and Northwest Indiana.
Castle is headquartered in Oakbrook Terrace, Ill.
“First of all, I would like to say thank you and congratulations to Ed Burke, President of Naperville CDJR and Gary Lang, President of Gary Lang Auto Group. Both of these gentlemen were a pleasure to work with from the day we engaged all the way through a seamless buy-sell transaction. When entering into these large and very emotional transactions, it is very important to me that all parties are treated fairly and with respect to their legacies, people, and communities,” Castle CEO Joe Castle said in a news release. “I wish both of them the best in their next chapter of life. Also, thank you to my acquisitions teams at CAG, Andrew Dorgan and DSMC, VP of M&A Jennifer Rafael, and financial partner Ally for working you tails off this year to bring these two deals to the finish line.”
Castle added: “On a business note, we feel these two acquisitions are the right fit for our company with the right brands in the right locations. We are proud to have added Kia and Cadillac to our portfolio, as well as our third Chevrolet franchise and second CDJR, Subaru, Buick, GMC, and Mitsubishi franchise. This gives our company a lot of scalability in a highly competitive market. It has been a busy year for us and all involved to make this happen. I look forward to welcoming and onboarding all of the 200+ employees, their families, and 11 additional new car franchises to the CAG platform from these transactions.”
AutoNation to host DRVPNK event next week
AutoNation will hold its annual DRVPNK Across America Day on Oct. 11, where the dealer group’s associates throughout the country will put together comfort bags and deliver them to patients going through cancer treatments.
AutoNation holds several DRVPNK events and campaigns throughout the year. It supports several national charities including he Breast Cancer Research Foundation (BCRF), the American Cancer Society, the National Pediatric Cancer Foundation, and Zero: The End of Prostate Cancer, along with numerous cancer charities on a local level.
On the DRVPNK Across America Day, AutoNation associates in South Florida and local sports teams are gathering at DRV PNK Stadium in Fort Lauderdale, Fla., to put together “Totes for Hope” comfort bags. The bags will be delivered to local hospitals: Joe DiMaggio Children’s Hospital, Memorial Regional Hospital and the Cleveland Clinic, Florida.
AutoNation employees throughout the country will also assemble and deliver comfort bags to cancer patients in the respective local communities at hospitals and treatment centers.
“Although DRVPNK Across America Day is held during Breast Cancer Awareness Month, our fundraising efforts to beat all cancer are far-reaching and year-long,” AutoNation CEO Mike Manley said in a news release.
“Through our extensive network of charitable community partners, and with the support from our customers and associates coast to coast, we’ve donated millions of dollars where it is needed most — to support cancer research across the spectrum, from pediatric cancer to treatments for prostate cancer and more, aiding countless individuals who suffer from this devastating disease.”
The retailer is also hosting a credit card donation challenge in December to benefit the Breast Cancer Research Foundation, through support of four scientists at the University of Southern California, University of Texas and the H. Lee Moffit Cancer Center.