Victory Automotive, Brandon Steven Motors & Putnam Automotive buy dealerships in California; Griffin Auto acquires Georgia store

Putnam Automotive Dealer Group of Burlingame, Calif., added Honda to its rising portfolio of manufacturers in mid August when it bought Primo Honda in San Carlos, Calif.

The transaction closed Aug. 18 after the house owners of Primo Honda bought the dealership’s property to an actual property improvement company which plans to assemble a big life sciences constructing on the location, stated Andrey Kamenetsky, Putnam’s group operations supervisor, in an electronic mail to Automotive News.

San Carlos is about 25 miles south of San Francisco.

Putnam will move the store, renamed Honda of San Carlos, lower than a mile away in San Carlos efficient Dec. 1, Kamenetsky stated. The store will function out of modular buildings whereas a brand new facility is constructed, he stated.

“We had to (quickly) find a suitable replacement property in the same city in a tight real estate market and found a similar two-plus acre site less than a mile away from the current location that met Honda’s market requirements,” Kamenetsky stated in the e-mail.

Primo Honda sellers have been the dealership’s basic supervisor David Meese and accomplice Jeff Qvale, stated Mike Toth, a accomplice in Haig Partners, a buy-sell agency in Fort Lauderdale, Fla., which represented the sellers in the transaction.

Putnam is a family-owned and operated dealership group courting to 1965 when Joe Putnam opened a Buick dealership in Burlingame. Putnam sells 20 automobile manufacturers from greater than a dozen dealerships and likewise operates a service-only Subaru location in San Francisco, based on its web site.

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