Asbury Automotive Group, one of the largest automotive retailers in the U.S., sold its Nalley Chevrolet dealership in Union City, a suburb of Atlanta, GA, to ALM Automotive Group.
The Nalley Chevrolet dealership, located in a bustling auto mall with 18 brands, is in an area experiencing significant population growth. This strategic location and the strength of the Chevrolet brand, which saw a 13% increase in sales in 2023, made the dealership a highly sought-after asset.
ALM Automotive Group, established in 2006 with a focus on providing high quality pre-owned vehicles in Atlanta, has expanded to 14 locations across Georgia and South Carolina, including seven franchise locations. The acquisition of Nalley Chevrolet aligns with ALM's growth strategy, further strengthening its presence in the region.
The sale was announced by Kerrigan Advisors, which also facilitated it.
“We continue to see robust buyer demand in the South, especially in high growth markets, and with Chevrolet as the top domestic brand, there was high demand for this dealership,” said Erin Kerrigan, founder and managing director of Kerrigan Advisors. “Having represented more than 80 franchises sold in the region since 2020, Kerrigan Advisors was well positioned to lead this transaction on behalf of Asbury and are pleased the transaction had such a successful outcome.”
Atlanta's economy, which has grown by 32% over the past five years, remains a top growth market in the U.S., further contributing to the strong interest in automotive franchises in the area.
