Auto dealership merger and acquisition firm sees increase in California buying and selling activity

The Dave Cantin Group has completed the sale of two dealerships in California within a one-week timeframe. These transactions are an indication of the increasing momentum in the automotive buy/sell market in 2025 and the heightened interest in the state. The dealerships involved are Audi West Covina in West Covina and One Subaru in Hayward, now known as Subaru of Hayward.

Audi West Covina was previously owned by Envision Motors and was successfully sold to Victor Oh of Grace Motorcars. This particular transaction was significant as it marked the third divestiture that the Dave Cantin Group has facilitated for Envision Motors. This move allows the seller to concentrate on long-term strategic growth. The sale was concluded on June 10th.

On the other hand, One Subaru, now operating under the name Subaru of Hayward, was sold by Brian and Devin McCafferty to Uwe and Chris Waizenegger, who also happen to be the owners of Mercedes-Benz of Pleasanton. The Dave Cantin Group played a crucial role in assisting the sellers in strategically divesting their dealership while helping the buyers acquire a prime open point in the Bay Area market with high potential. This transaction was finalized on June 16th.

Dave Cantin, the CEO of DCG, highlighted the increased interest in California from the automotive industry. He also alluded to pending legislation that could potentially make the state an even more attractive market for dealerships. Each of the recent California transactions required a nuanced approach, navigating through various dynamics such as OEM right-of-first-refusal clauses, complex family partnerships, and strategic divestitures. The success of these deals was attributed to the team’s ability to provide sound advice and develop smart strategies that deliver meaningful outcomes for their clients.

The growing interest and activity in California’s automotive buy/sell market are indicative of a promising future for the industry within the state. The strategic divestitures, acquisitions, and rebranding of dealerships underscore the evolving landscape of automotive dealership transactions. As the market continues to evolve, entities like the Dave Cantin Group are well-positioned to provide invaluable insights and guidance to dealership owners and buyers to navigate the intricacies of the buying and selling process.