Global automotive services leader completes largest retail acquisition in 100-year history
Holman's automotive retail presence
MOUNT LAUREL, N.J., March 19, 2024 (Globe Newswire) — holman, The company, a global leader in automotive services, has completed its acquisition of North Carolina-based Reese Automotive Group. This nearly doubles Holman's automotive retail business, which now includes his 58 dealerships in nine states, 34 brands, and approximately 4,500 automotive retail employees. This is the largest retail acquisition in Holman's 100-year history.
This expansion of Holman's retail portfolio includes 13 new franchises and its first auction center.All leased properties are located in the greater Raleigh area and Aberdeen, North Carolina
“As we celebrate our 100th anniversary, we are excited about the opportunity to strengthen and grow our automotive retail footprint, which began in 1924 with a single dealership. “This represents the culmination of extensive strategy, effort and vision that has put us in a position to win for many years to come,” said Holman CEO Chris Conroy.
Both family-owned organizations have a legacy of success and growth built on long-standing core values. Holman and Reese remain committed to doing what's right for our employees, customers and communities. The deal preserves Reese's brand and team.
“Like Holman, Reese has made it a priority to provide excellent customer service by building a strong network of employee partners,” said Gene Welsh, president of Holman Automotive Retail. “We are thrilled to welcome his 1,900 employees at Reese to the Holman family.”
Holman ranks as one of America's largest privately owned dealer networks. In addition, the certified, women-owned Holman business provides a unique range of automotive-focused services to commercial and consumer customers around the world.
about holman
Holman is a global automotive leader serving both commercial and consumer customers Holman's method Since 1924, we've always done what's right for our employees, customers, and communities. Holman's history began 100 years ago as his one Ford dealership in New Jersey. Currently headquartered in Mount Laurel, New Jersey, Holman is one of the largest family-owned automotive service organizations in North America, with nearly 9,000 employees in North America, the United Kingdom and Germany.
Holman offers unique automotive-focused services, including industry-leading fleet management and leasing. Vehicle manufacturing and equipment. Component manufacturing and productivity solutions. Powertrain distribution and logistics services. commercial and personal insurance and risk management; He operates retail auto sales as one of the largest privately owned dealer groups in the United States.Guided by its deeply rooted core values and principles, Holman continues to drive correctly. For more information, visit Holman.com and connect with Holman on LinkedIn, Instagram, and Facebook.
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CONTACT: Michael Cianfrone Holman (856) 840-9863 [email protected] Kristin Fitzgerald Holman (856) 602-7330 [email protected]
