Center Subaru has been acquired by Gengras Motors

The shareholders of Center Subaru have sold the company to Gengras Motors.

Center Subaru is a full-service Subaru dealer located in Torrington, Connecticut. The company was founded in 1989 and purchased by Phil Porter in 1994. Center Subaru offers a variety of new and used cars, trucks, vans and sport utility vehicles, as well as a service center that provides repairs, maintenance, inspections and parts. The company also offers financing and leasing services.

Gengras Motors is a third-generation auto dealership owner group in Connecticut and Massachusetts, which began in East Hartford in the 1930s. Gengras Motors continues to be a family-owned and operated business with 13 franchises in eight locations.

Oaklins’ team in Jacksonville acted as the lead advisor to the seller in the preparation of the sale process and due diligence, the approach and parallel negotiations with potential buyers and assisted them until closing.

Service

M&A sell-side

Parties

“I was impressed by the staggering amount of detail that the team brought to the transaction. They helped make the sale process as easy as possible. I felt like I greatly benefited from working with the team due to their excellent reputation and fairness with fees.”

Phil Porter

President and Owner, Center Subaru

Talk to the deal team

Mac Holley

Principal

Jacksonville, United States
Oaklins Heritage

View profile Get in touch

Related deals

Landi Renzo has completed a capital increase

Automotive

Landi Renzo has completed a capital increase

Landi Renzo S.p.A. has successfully completed a capital increase. This transaction aims to strengthen the company’s financial position. The funds raised will enable the company to accelerate the implementation of its industrial plan, investing in technological innovation and sustainability to reinforce its position as global market leader.

Learn more

A majority share in WELP Group has been sold to IMC Individual Mobility Capital GmbH

Aerospace, Defense & Security | Automotive

A majority share in WELP Group has been sold to IMC Individual Mobility Capital GmbH

The former private majority shareholder and long-time managing director of WELP Holding GmbH, Nina Welp, has sold the majority of her shares to IMC Individual Mobility Capital GmbH.

Learn more

Agorastore has acquired Via Mobilis

Private Equity | Automotive | Consumer & Retail | TMT

Agorastore has acquired Via Mobilis

Agorastore has acquired Via Mobilis, a European platform for buying and selling used industrial vehicles and equipment. This transaction enables Agorastore to broaden its offerings, integrating Via Mobilis’ specialized expertise in digital classified listings across sectors like heavy trucks, construction and agriculture. With this acquisition, Agorastore solidifies its presence in the European circular economy, expanding the resale options available to clients across multiple industries.

Learn more