Kenny Ross Automotive acquires Hamilton Automotive
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Kenny Ross Automotive Group announced this morning that it has acquired Hamilton Automotive, of North Huntingdon, in a deal worth an estimated $8 million to $10 million.
The acquisition adds three new brands -- GMC trucks, Subaru and Mazda -- to the company's portfolio, in addition to giving it a second Buick franchise, according to the official announcement.
All of the Hamilton operations are on Route 30.
Kenny Ross already had seven dealerships in the region and employed almost 600 people. Hamilton's 54 employees will keep their jobs, the announcement said.
The deal is the second major acquisition in the Pittsburgh market this summer.
Earlier this month, #1 Cochran picked up Charapp Automotive in Natrona Heights, adding five new brands to its portfolio: Ford, Chrysler, Dodge, Jeep and Ram.
Following the acquisition, the company said it would have 19 dealerships representing 15 domestic and imported brands.
First Published July 26, 2012 10:15 am