KSA Industries Sells Stores, Exits Auto Business
Diversified holdings company believed to be raising cash to help fund new Nashville stadium.
The dealerships changed hands in two separate transacations, two in April and one in May.
IMAGE: Alena Darmel, Pexels
This past spring, diversified holdings company KSA Industries Inc. sold its three Texas dealerships in two transactions, indicating the company that also owns the National Football League's Tennessee Titans has exited the automotive retail business.
Two Lincoln stores were sold on April 6 by KSA Industries. Chris Poulos bought West Point Lincoln and West Point Lincoln of Sugar Land in Houston, transitioning from general manager to owner in the process. He kept the dealership names the same.
In a second transaction, KSA Industries sold West Point Buick-GMC in Houston on May 2 to Tom Durant, owner of Classic Auto Group. He renamed the store Classic Elite Buick-GMC.
KSA Industries, a privately held family business, was founded by Bud Adams, who died in 2013.
It is believed that KSA Industries Inc. is raising cash following approval in April to build a $1.9 billion Nashville stadium to replace Nissan Stadium. A combination of private and public funding will finance the new stadium.
Bank of America provided guidance to KSA Industries in the transactions.
Originally posted on Auto Dealer Today
More Industry
Charger Network Growth Slows
Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.
Read More →
Lenders, Consumers Take on More Auto Loan Risk
September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.
Read More →
Next-Gen Hybrids in Sight
Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.
Read More →
Gem State Stores Change Hands
A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.
Read More →
Charging In Motion
Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.
Read More →
Twin Cities Stores Sell
Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.
Read More →
U.S. Auto Sales Still Below Prepandemic Levels
Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.
Read More →
The Powertrain Shift
Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.
Read More →
Achromatic Autos
The shades that dominate the U.S. car market don’t call attention to themselves, though grayscale may have plateaued after a 30-year upswing, research shows.
Read More →
Used-Vehicle Affordability Worsens
Listing prices in August defied seasonal trends, rising above $27,000 for the second time this year.
Read More →