Triunity Automotive buys Pendragon JLR dealership

Triunity Automotive Group has bought Hornburg Jaguar-Land Rover in West Hollywood, Calif., from Pendragon, a general public dealership group in the United Kingdom that is selling its U.S. portfolio.

The acquisition, which was introduced in September and closed Jan. 29, is the second franchised dealership for Triunity, of Fresno, Calif. It also owns Mercedes-Benz of Fresno and a truck fleet provider center, also in Fresno.

“The Hornburg retail outlet is a heritage dealership with a 70-additionally calendar year heritage in Los Angeles and we intend on making a very little record of our very own,” Triunity CEO and seller principal Scott Biehl explained in a assertion.

The dealership, which operates from different product sales and service structures, has been renamed Jaguar-Land Rover Los Angeles. Triunity mentioned the retail store will relocate to a 100,000-sq.-foot site in Los Angeles as early as up coming month. The new operation will deliver income and services jointly into just one facility.

“With all those 70 years have come some out-of-date services and, honestly, untapped probable to provide a JLR customer who expects a lot,” Biehl said in the assertion.

Pendragon made about $22.3 million on the sale. It also has a deal to promote its Jaguar-Land Rover retail outlet in Santa Monica, Calif., to Redwood Automotive.

Nationwide Company Brokers managed the transaction for Triunity and Pendragon.