Exciting Acquisition by Clement Auto Group
Columbus, OH - In a significant move for the automotive sector, the Tim Lamb Group has successfully brokered the acquisition of Marty Cancila Dodge Chrysler Jeep Ram. The new ownership now rests with Clement Auto Group. This acquisition reflects the growing influence of Clement Auto Group in the automotive marketplace along with the expertise of Tim Lamb Group as leaders in dealership sales.
Clement Auto Group's Ambitious Plans
After the retirement announcement of former owner Tony Cancila, Clement Auto Group, led by Owner and President Raj Clement, stepped in to acquire the dealership. This facility, now identified as Clement Chrysler Dodge Jeep Ram Florissant, is strategically situated in a prime location in the Greater Metro St. Louis area. It features a substantial 50,500 square foot space that includes 34 service bays and a dedicated used car lot, supplemented by a nearby full-service body shop.
Enhancements Under New Ownership
Major renovations are currently underway for the dealership’s showroom, which is set to boost customer experience and expand service capabilities, particularly catering to the increasing demand from the adjacent Clement Pre-Owned Store. This proactive approach underlines the commitment of Clement Auto Group to enhance both facilities and service offerings significantly.
Community Engagement and Culture
Raj Clement emphasized the importance of community integration, stating, “I’ve known Tim Wild for many years and we have had discussions about potential deals for quite some time. I’m pleased that we were finally able to make it happen.” With the acquisition, Clement Auto Group is intent on fostering a culture of community involvement and support.
Values and Philosophy
Reinforcing their commitment to employee and community engagement, Clement Auto Group embodies the principles of Collaboration, Leadership, Encouragement, Mentorship, Engagement, Negotiation, and Trust (C.L.E.M.E.N.T.). Their workforce retention strategy ensures that the entire team from the previous ownership remains, many of whom have dedicated over 20 years to the dealership.
Commitment to Education and Community Involvement
Notably, Clement Auto Group extends its outreach through active participation in community events and support for local initiatives. Their commitment to education is exemplified through their Drive for Excellence program, which provides scholarships to high-achieving local students, emphasizing their desire to invest in the future of the community.
Thoughts from Tim Lamb Group
Tim Wild, Director of the Midwest and Plains Region for the Tim Lamb Group, expressed his satisfaction with orchestrating this deal. He stated, “Selling to a local dealer is a very delicate situation. Raj was sensitive to the Cancila family concerns as he moved through the purchasing process. Working with him to facilitate this deal was not just about business; it was about community betterment.”
About Tim Lamb Group
Established in 2006, Tim Lamb Group has emerged as the preeminent choice for dealership transactions across North America. With fifteen regional directors managing billions in transactions annually, they leverage decades of experience to streamline dealership sales and acquisitions. Their expertise offers clients the necessary support in navigating the competitive landscape of the automotive industry.
Frequently Asked Questions
What does the acquisition mean for Clement Auto Group?
The acquisition positions Clement Auto Group for growth, enabling them to expand services and enrich community engagement.
How many dealerships does Clement Auto Group currently operate?
Clement Auto Group operates four dealerships in Missouri and one in Illinois, showcasing a diverse range of vehicle brands.
What is the focus of the Tim Lamb Group?
The Tim Lamb Group focuses on dealership sales and acquisitions, striving to support dealers in achieving their business objectives.
What community initiatives does Clement Auto Group support?
Clement Auto Group actively participates in community events and offers scholarships to local students through their education initiatives.
How has the team at Clement Auto Group been affected by the acquisition?
The entire team from the previous ownership has been retained, ensuring continuity and preserving longstanding customer relations.
