Sheehy Auto Stores Acquires Ultimate Subaru & Ultimate Buick GMC in Fredericksburg, Virginia
October 8, 2021
Performance Brokerage Services is pleased to announce the sale of Ultimate Subaru and Ultimate Buick GMC from Randy Harris. This transaction was exclusively facilitated by George C. Chaconas, the Southeast partner for Performance Brokerage Services.
Automotive News reported the following on the transaction:
Sheehy grows in Virginia
Sheehy Auto Stores of Fairfax, Va., has purchased import- and domestic-brand stores in Fredericksburg, Va., about an hour’s drive south of its headquarters.
The Sheehy group, led by President Vince Sheehy, on Sept. 29 bought Ultimate Buick-GMC and Ultimate Subaru from Randy Harris, president of Ultimate Automotive. Sheehy already had a Toyota store in Fredericksburg.
“Sheehy Auto Stores is thrilled to be expanding in the Fredericksburg market,” Vince Sheehy said in a statement. “With the Toyota, Subaru and Buick-GMC brands, we will be in a great position to have exactly the new and used vehicles our customers want.”
Sheehy has renamed the acquired dealerships Sheehy Buick-GMC Fredericksburg and Sheehy Subaru Fredericksburg.
The transaction marks the third Subaru store and second Buick-GMC dealership for Sheehy, which has dealerships in Maryland and Virginia.
In January, Sheehy bought one of the last CarMax Inc. franchised dealerships: CarMax Laurel Toyota in Maryland. It also sold a Ford dealership in Marlow Heights, Md., in April.
Sheehy ranks No. 44 on Automotive News‘ list of the top 150 dealership groups based in the U.S., retailing 19,441 new vehicles in 2020.
Performance Brokerage Services, an Irvine, Calif., buy-sell firm, handled the Sheehy-Ultimate transaction.