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Victory Automotive Group acquires Weiss Toyota of South County in St. Louis, MO

Oct 09, 2024•about 1 year ago

Acquiring Company

Victory Automotive Group

Acquired Company

Weiss Toyota of South County

CantonSt. LouisAutomotiveAutomotive

Description

Victory Automotive Group has acquired Weiss Toyota of South County in St. Louis, MO. This acquisition expands Victory's dealership portfolio and marks its first venture into the state of Missouri, aligning with the group's strategy of growing with leading brands and strong managers across the US.

Company Information

Company

Victory Automotive Group

Location

Canton, Michigan, United States

About

Victory Automotive Group is a prominent dealership group with over 50 dealerships in eleven states. It ranked #19 on the Automotive News Top 150 dealership group list for 2023, with $2.3B in revenue from the sale of approximately 50,000 new and used vehicles. The group focuses on growing with leading brands and strong managers across the US.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed