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.
Walser Automotive Group has over 30 locations across Minnesota and Kansas.
Walser Automotive Group acquired Metropolitan Ford, Freeway Ford and Suburban Chevrolet in Minneapolis, from Metropolitan Corp.
Metropolitan retains its Rosedale Chevrolet and Superior Ford locations, which are operated by the current owners and their children. It plans to invest proceeds of the sale in other ventures., said Haig Partners, which advised it on the transaction.
Walser Automotive was founded in 1954 in Minnesota and now also operates dealerships in Kansas, representing a variety of premium and mass-market brands.
The group, which now has 35 rooftops, said the latest transaction is the most significant acquisition in its history and will add nearly 300 employees to the organization.
“It is rare to find this kind of alignment with established dealerships, great teams, and a market we know well,” said group CEO Andrew Walser. “Bringing them in is a meaningful investment in the Twin Cities and in Walser’s long-term future.”
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