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Serra Automotive, Germain Automotive Partnership buy Lexus and Toyota dealerships

A pair of Midwest dealership groups expanded via dealership purchases from Michigan's Spartan Auto Group, which sold its remaining four stores in the state in two transactions. Serra Automotive Inc., of Fenton, Mich., one of the largest privately held groups in the country, bolstered its…

Dealer M&A: Spartan Auto Group sells 4 stores to Germain, Serra groups

Spartan Auto Group has sold its Spartan Toyota, Wolverine Toyota and Lexus of Ann Arbor to Germain Automotive Partnership and has sold its Lexus of Lansing store to Serra Automotive.

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