The Murgado Automotive Group (MAG) has actually concluded an offer to obtain 6 Motor Werks dealers in Illinois, its very first growth into the state. The purchase of the car dealerships, situated in the Chicago residential areas of Barrington, Schaumburg, Hoffman Estates, and Palatine, will allow MAG to broaden its existence in the Midwest.
The acquisition, which was revealed Thursday, consists of the purchase of all properties, property, and stock of the 6 Motor Werks car dealerships. The combined car dealerships will enter into the MAG portfolio, which presently includes 9 dealers in Florida and New Mexico.
The relocation marks a considerable growth for MAG, which has actually long looked for an existence in the Illinois market. According to MAG CEO and President, David Murgado, the acquisition “provides an excellent chance to broaden our reach into the Midwest and bring our first-class customer care and dedication to quality to the state.”
MAG was established in 1985, and has actually considering that grown to turn into one of the biggest vehicle groups in the United States. The purchase of the Motor Werks car dealerships is an essential turning point for the business, and is anticipated to substantially improve its existence in the Midwest.
The monetary regards to the offer were not divulged, however it is thought to have actually been a multi-million dollar deal. It is anticipated to be settled in the coming weeks.
The acquisition of the Motor Werks car dealerships by the Murgado Automotive Group even more seals the business’s existence in the Midwest and marks a significant turning point in its development. With the addition of the car dealerships, MAG will have the ability to use a broader variety of services to its clients in Illinois and beyond.
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