Duval Motor Company Completes Sale of Honda, Acura, and Subaru Stores
Duval Motor Company has sold its Honda, Acura, and Subaru dealerships to Lithia & Driveway. The move is deliberate: by narrowing its footprint, Duval can put more energy into growing and improving its flagship Ford operation.
More Than a Century in Jacksonville
Founded in 1916, Duval Motor Company is a family-run business with deep roots in Jacksonville’s automotive community. Led by CEO Hampton Graham and President Alex Graham, the company earned a reputation over decades for dependable service and customer care. It all started with Duval Ford—and today, Duval is recognized as one of the oldest family-owned Ford dealerships.
Refocusing on the Ford Flagship
The sale lines up with a clear goal: concentrate resources where they matter most and elevate the performance of Duval Ford. For the Graham family, Duval Ford isn’t just another store; it’s the center of their business and a core part of their legacy they plan to keep building.
Voices From the Transaction
Kevin Nill, Managing Director at Haig Partners, shared his pride in supporting the Graham family through this transition. “Working with them over the years has been a privilege,” Nill said, pointing to the trust and long-standing ties Duval Motor Company has formed in the local community. The sale marks a new chapter for Duval and underscores Lithia’s expansion into Florida, a reflection of the region’s strong automotive market.
Lithia & Driveway’s Expansion Path
Speaking about the acquisition, Bryan DeBoer, President and CEO of Lithia & Driveway, highlighted the importance of the newly added stores. He noted their potential to generate over $200 million in annualized revenue and to further reinforce Lithia’s commitment to outstanding service. Bringing Duval’s reputation into the fold supports Lithia’s push for customer-centric retail experiences.
What’s Ahead for Duval Motor Company
Reflecting on the sale, Hampton Graham shared, “Although we will miss our Duval Honda, Duval Acura, and Subaru of Gainesville family, our focus remains on the future with Ford Motor Company.” The family intends to carry forward the legacy that began with Walter McRae Sr., maintaining strong community ties and keeping service standards high at Duval Ford.
Thanks to the Advisors
Graham also recognized Haig Partners for guidance throughout the process. “Kevin and Matt have shown incredible attention to detail and responsiveness,” he said, noting the steady support that helped the family navigate a significant transition.
About Haig Partners
Haig Partners is a leading buy-sell advisor focused on high-value auto and truck dealerships. With more than 595 completed dealership transactions totaling over $11.6 billion, the firm remains a trusted resource for owners seeking to maximize value. Their experience and relationships help them tailor strategies to each client’s needs.
Expertise That Shapes the Market
Haig Partners’ work goes beyond closing deals. The firm regularly shares insights in industry reports such as The Haig Report and NADA’s Guide, reinforcing its role as a thought leader in retail automotive. That perspective equips clients for the complex steps involved in buying or selling dealerships.
Frequently Asked Questions
Which dealerships did Duval Motor Company sell?
Duval Motor Company sold its Honda, Acura, and Subaru dealerships. The sale is part of a deliberate plan to focus attention and resources on Duval Ford.
Who advised Duval on the transaction?
Haig Partners served as the exclusive sell-side advisor to Duval Motor Company, guiding the process and helping the family navigate the sale.
What’s Duval Motor Company’s long-term focus now?
The company is centering its efforts on enhancing and expanding its Ford dealership, continuing the family legacy of strong service and lasting customer relationships.
How does the sale affect Lithia & Driveway?
The acquisition advances Lithia & Driveway’s presence in Florida and, based on company commentary, brings locations with the potential to contribute over $200 million in annualized revenue while supporting a strong service model.
How does Haig Partners support clients in deals like this?
Haig Partners provides tailored buy-sell advice for auto and truck dealerships, combining market insight, relationships, and a structured process aimed at maximizing dealership value and smoothing complex transactions.
