McGovern Automotive expands with acquisitions; Group adds 5th franchised store in '22

Auto retail veteran Matt McGovern has quickly grown his McGovern Automotive Group from just one store in fall 2016 to 20 new- and used-vehicle dealerships today, spanning three states, 18 brands and more than 1,100 employees. In mid-2018, McGovern said he added his first luxury dealerships, buying A...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	Automotive News 2022-07, Vol.96 (7045), p.4
1. Verfasser:	Burden, Melissa
Format:	Artikel
Sprache:	eng
Schlagworte:	Automobile dealers Automobile industry Expansion Growth Inventory Mergers, acquisitions and divestments
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

container_end_page
container_issue	7045
container_start_page	4
container_title	Automotive News
container_volume	96
creator	Burden, Melissa
description	Auto retail veteran Matt McGovern has quickly grown his McGovern Automotive Group from just one store in fall 2016 to 20 new- and used-vehicle dealerships today, spanning three states, 18 brands and more than 1,100 employees. In mid-2018, McGovern said he added his first luxury dealerships, buying Audi and BMW stores in Shrewsbury, Mass., and in June 2020 he added his first Porsche dealership, also on Long Island. Dube, who also will continue to serve on the board of directors for the National Automobile Dealers Association, said he retained a minority interest in the dealership, but he did not disclose it.
format	Article
fullrecord	<record><control><sourceid>gale_proqu</sourceid><recordid>TN_cdi_proquest_reports_2685665440</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><galeid>A709475974</galeid><sourcerecordid>A709475974</sourcerecordid><originalsourceid>FETCH-LOGICAL-g2680-5025a298504d20c8ceb0ff497efb0ead36da0247161228d43c5a330651f038d73</originalsourceid><addsrcrecordid>eNptz1tLwzAUB_AiCs7Ldwj6IIKVNG16wac5dQ68PKjPJUtOu8iWdDmp7uMbmA8blEDCOed3_pCDaJRwXsRFXuaH0YhSyuPQSI6jE8TvUFKWVKPo61VO7Q84Q8a9tyvr9Q8Q2HTCKCS_2i-IkOteo_baGrwjU2f7jggVpjwMGyeMXGgERdBbB0QbcsXYWXTUiCXC-f97Gn09PX5OnuOX9-lsMn6JW5aXNOaUccGqktNMMSpLCXPaNFlVQDOnIFSaK0FZViR5wlipslRykaY050lD01IV6Wl0sc3tnF33gL520FnnsQ75PM95ltGA4i1qxRJqbRrrnZAGfhF9-Gb98fn2UI8LWmUFr4os-MsBv9Io99VQagsGnFhaA40O7T1_MeBlp9f1LrodQOEoWGk5mHq9txCMh41vRY9Yz-6n-_Zmx8571AYwXKjbhcftyg7_A0Y2roA</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2685665440</pqid></control><display><type>article</type><title>McGovern Automotive expands with acquisitions; Group adds 5th franchised store in '22</title><source>Business Source Complete</source><creator>Burden, Melissa</creator><creatorcontrib>Burden, Melissa</creatorcontrib><description>Auto retail veteran Matt McGovern has quickly grown his McGovern Automotive Group from just one store in fall 2016 to 20 new- and used-vehicle dealerships today, spanning three states, 18 brands and more than 1,100 employees. In mid-2018, McGovern said he added his first luxury dealerships, buying Audi and BMW stores in Shrewsbury, Mass., and in June 2020 he added his first Porsche dealership, also on Long Island. Dube, who also will continue to serve on the board of directors for the National Automobile Dealers Association, said he retained a minority interest in the dealership, but he did not disclose it.</description><identifier>ISSN: 0005-1551</identifier><identifier>EISSN: 1557-7686</identifier><language>eng</language><publisher>Detroit: Crain Communications, Inc</publisher><subject>Automobile dealers ; Automobile industry ; Expansion ; Growth ; Inventory ; Mergers, acquisitions and divestments</subject><ispartof>Automotive News, 2022-07, Vol.96 (7045), p.4</ispartof><rights>COPYRIGHT 2022 Crain Communications, Inc.</rights><rights>Copyright 2022 Crain Communications Inc. All Rights Reserved.</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>312,314,776,780,787</link.rule.ids></links><search><creatorcontrib>Burden, Melissa</creatorcontrib><title>McGovern Automotive expands with acquisitions; Group adds 5th franchised store in '22</title><title>Automotive News</title><description>Auto retail veteran Matt McGovern has quickly grown his McGovern Automotive Group from just one store in fall 2016 to 20 new- and used-vehicle dealerships today, spanning three states, 18 brands and more than 1,100 employees. In mid-2018, McGovern said he added his first luxury dealerships, buying Audi and BMW stores in Shrewsbury, Mass., and in June 2020 he added his first Porsche dealership, also on Long Island. Dube, who also will continue to serve on the board of directors for the National Automobile Dealers Association, said he retained a minority interest in the dealership, but he did not disclose it.</description><subject>Automobile dealers</subject><subject>Automobile industry</subject><subject>Expansion</subject><subject>Growth</subject><subject>Inventory</subject><subject>Mergers, acquisitions and divestments</subject><issn>0005-1551</issn><issn>1557-7686</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2022</creationdate><recordtype>article</recordtype><sourceid>N95</sourceid><sourceid>8G5</sourceid><sourceid>BENPR</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNptz1tLwzAUB_AiCs7Ldwj6IIKVNG16wac5dQ68PKjPJUtOu8iWdDmp7uMbmA8blEDCOed3_pCDaJRwXsRFXuaH0YhSyuPQSI6jE8TvUFKWVKPo61VO7Q84Q8a9tyvr9Q8Q2HTCKCS_2i-IkOteo_baGrwjU2f7jggVpjwMGyeMXGgERdBbB0QbcsXYWXTUiCXC-f97Gn09PX5OnuOX9-lsMn6JW5aXNOaUccGqktNMMSpLCXPaNFlVQDOnIFSaK0FZViR5wlipslRykaY050lD01IV6Wl0sc3tnF33gL520FnnsQ75PM95ltGA4i1qxRJqbRrrnZAGfhF9-Gb98fn2UI8LWmUFr4os-MsBv9Io99VQagsGnFhaA40O7T1_MeBlp9f1LrodQOEoWGk5mHq9txCMh41vRY9Yz-6n-_Zmx8571AYwXKjbhcftyg7_A0Y2roA</recordid><startdate>20220704</startdate><enddate>20220704</enddate><creator>Burden, Melissa</creator><general>Crain Communications, Inc</general><general>Crain Communications, Incorporated</general><scope>N95</scope><scope>XI7</scope><scope>IBG</scope><scope>3V.</scope><scope>7RQ</scope><scope>7TA</scope><scope>7TB</scope><scope>7WY</scope><scope>7XB</scope><scope>883</scope><scope>8FD</scope><scope>8FE</scope><scope>8FG</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>ABJCF</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BGLVJ</scope><scope>CCPQU</scope><scope>D1I</scope><scope>DWQXO</scope><scope>FR3</scope><scope>FRNLG</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>HCIFZ</scope><scope>JG9</scope><scope>K60</scope><scope>K6~</scope><scope>KB.</scope><scope>L.-</scope><scope>L6V</scope><scope>M0F</scope><scope>M2O</scope><scope>M7S</scope><scope>MBDVC</scope><scope>PDBOC</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PTHSS</scope><scope>Q9U</scope><scope>U9A</scope></search><sort><creationdate>20220704</creationdate><title>McGovern Automotive expands with acquisitions; Group adds 5th franchised store in '22</title><author>Burden, Melissa</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-g2680-5025a298504d20c8ceb0ff497efb0ead36da0247161228d43c5a330651f038d73</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2022</creationdate><topic>Automobile dealers</topic><topic>Automobile industry</topic><topic>Expansion</topic><topic>Growth</topic><topic>Inventory</topic><topic>Mergers, acquisitions and divestments</topic><toplevel>online_resources</toplevel><creatorcontrib>Burden, Melissa</creatorcontrib><collection>Gale Business: Insights</collection><collection>Business Insights: Essentials</collection><collection>Gale In Context: Biography</collection><collection>ProQuest Central (Corporate)</collection><collection>ProQuest Career & Technical Education Database</collection><collection>Materials Business File</collection><collection>Mechanical & Transportation Engineering Abstracts</collection><collection>ABI/INFORM Collection (ProQuest)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection</collection><collection>Technology Research Database</collection><collection>ProQuest SciTech Collection</collection><collection>ProQuest Technology Collection</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>Research Library (Alumni Edition)</collection><collection>Materials Science & Engineering Collection</collection><collection>ProQuest Central (Alumni)</collection><collection>ProQuest Central UK/Ireland</collection><collection>ProQuest Central Essentials</collection><collection>AUTh Library subscriptions: ProQuest Central</collection><collection>ProQuest Business Premium Collection</collection><collection>Technology Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Materials Science Collection</collection><collection>ProQuest Central</collection><collection>Engineering Research Database</collection><collection>Business Premium Collection (Alumni)</collection><collection>ProQuest Central Student</collection><collection>Research Library Prep</collection><collection>SciTech Premium Collection</collection><collection>Materials Research Database</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>https://resources.nclive.org/materials</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ProQuest Engineering Collection</collection><collection>ABI/INFORM Collection</collection><collection>ProQuest Research Library</collection><collection>ProQuest Engineering Database</collection><collection>Research Library (Corporate)</collection><collection>Materials Science Collection</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>Engineering collection</collection><collection>ProQuest Central Basic</collection><jtitle>Automotive News</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Burden, Melissa</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>McGovern Automotive expands with acquisitions; Group adds 5th franchised store in '22</atitle><jtitle>Automotive News</jtitle><date>2022-07-04</date><risdate>2022</risdate><volume>96</volume><issue>7045</issue><spage>4</spage><pages>4-</pages><issn>0005-1551</issn><eissn>1557-7686</eissn><abstract>Auto retail veteran Matt McGovern has quickly grown his McGovern Automotive Group from just one store in fall 2016 to 20 new- and used-vehicle dealerships today, spanning three states, 18 brands and more than 1,100 employees. In mid-2018, McGovern said he added his first luxury dealerships, buying Audi and BMW stores in Shrewsbury, Mass., and in June 2020 he added his first Porsche dealership, also on Long Island. Dube, who also will continue to serve on the board of directors for the National Automobile Dealers Association, said he retained a minority interest in the dealership, but he did not disclose it.</abstract><cop>Detroit</cop><pub>Crain Communications, Inc</pub></addata></record>
fulltext	fulltext
identifier	ISSN: 0005-1551
ispartof	Automotive News, 2022-07, Vol.96 (7045), p.4
issn	0005-1551 1557-7686
language	eng
recordid	cdi_proquest_reports_2685665440
source	Business Source Complete
subjects	Automobile dealers Automobile industry Expansion Growth Inventory Mergers, acquisitions and divestments
title	McGovern Automotive expands with acquisitions; Group adds 5th franchised store in '22
url	https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-01T08%3A37%3A33IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-gale_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=McGovern%20Automotive%20expands%20with%20acquisitions;%20Group%20adds%205th%20franchised%20store%20in%20'22&rft.jtitle=Automotive%20News&rft.au=Burden,%20Melissa&rft.date=2022-07-04&rft.volume=96&rft.issue=7045&rft.spage=4&rft.pages=4-&rft.issn=0005-1551&rft.eissn=1557-7686&rft_id=info:doi/&rft_dat=%3Cgale_proqu%3EA709475974%3C/gale_proqu%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2685665440&rft_id=info:pmid/&rft_galeid=A709475974&rfr_iscdi=true