Craft Automotive Group of Lynchburg, Va., mentioned past week that it has signed an arrangement to promote its 3 dealerships to Carter Myers Automotive, a expanding dealership group in Charlottesville, Va.
The arrangement for Craft Automotive to promote Billy Craft Honda, Billy Craft Chrysler-Dodge-Jeep-Ram and Craft Hyundai, all in Lynchburg, to Carter Myers results in being efficient on Aug. 24, in accordance to a statement signed by Craft Automotive President Kendall Craft and verified by Carter Myers CEO Liza Borches.
“We have acknowledged the Craft loved ones for basically a few of generations now,” Borches told Automotive News. “Mr. Billy Craft and my dad were in the organization jointly and I’ve known Kendall Craft though the Virginia Vehicle Dealers Affiliation and have worked with him now for pretty a few years.
“It actually was critical to the Craft spouse and children to provide to one more household-owned organization.”
All Craft associates and normal professionals will be invited to stay, Borches explained. Carter Myers’ associates, via an worker stock possession strategy, have 26 p.c of the company. Borches mentioned her firm’s personnel possession composition was an additional component in Craft’s decision to provide his shops to Carter Myers.