Ocean Honda of San Juan Capistrano in Orange County, CA, was recently sold to Jerry Seiner Auto Group by Victory Automotive Group, and will now operate under the name Jerry Seiner Honda.
The sale was announced by Pinnacle Mergers & Acquisitions, which represented Victory Automotive Group in the transaction.
Jeffrey Cappo, CEO of Victory Automotive, said the sale of the California Honda dealership was strategic, as Victory recently purchased two Honda dealerships in Indiana “that we feel are a better fit for our company as we continue to grow.”
“We’ve had the privilege of working with Victory Automotive Group for many years, and this marks our 15th transaction together,” said Mike Sims, president of Pinnacle. “The Victory team continues to set a high standard for operational excellence and strategic growth. It’s always a pleasure to help them achieve their goals.”
The deal marks Jerry Seiner Auto Group’s first acquisition in California and its first Honda dealership.
The group already operates dealerships across Nevada and Utah, and is expanding its footprint with the addition of the coastal California location.
“We are thrilled to partner with Honda and excited about this opportunity,” said Chris Hemmersmeier, CEO of Jerry Seiner Auto Group. “I appreciated the chance to work on this transaction with the Victory Automotive Group and the Pinnacle team.”
“Chris was a gentleman to deal with through this process,” Cappo said.
