Dealer news: Acquisitions in Wisconsin, Minnesota
Summary
The dealerships were previously part of River States Truck and Trailer, of which Laux was owner and CEO. Haig Partners vice president Derek Garber said the decision to sell River States’ businesses separately was made because “drawing from our past experience with heavy truck buy-sells, we did not believe one single buyer would receive OEM approval to acquire all of Joe’s franchises.” Haig said La Crosse Truck Center Ford dealership is one of Ford’s last remaining medium-duty-only dealerships, while the Mack-Isuzu dealership sells and services medium and heavy-duty trucks. Kriete Truck Centers CEO David Kriete said the acquisition “aligns perfectly with our growth strategy.” Andrew Dahl, president of Dahl Automotive, said its new addition expands a relationship with Ford that dates to 1911. “This Ford Pro location will allow us to further scale our commercial vehicle operations in the region” Dahl said. “We look forward to continuing the legacy built by Joe.” Mosaic Auto Group has acquired Tom Heffernan Ford in Lake City, Minn., from Tom and Marie Heffernan, according to Performance Brokerage Services, which advised on the deal.