Fuccillo Automotive Group sells 10 dealerships in New York

Darwish, previously a minority lover in a New Jersey Audi dealership and a platform manager for Napleton Automotive Team, mentioned that following entering into an arrangement with Fuccillo in August 2020, he ran into many delays. His lawyer’s place of work shut down mainly because of COVID-19, and Darwish contracted the condition.

“I almost died,” he told Automotive News. “I was in the medical center for 19 times.”

Darwish claimed he was on oxygen for two months but recovered. Then in June 2021, Fuccillo Automotive CEO Billy Fuccillo Sr. died.

Darwish mentioned he experienced minimal snooze about those people 20 months as he worked to fulfill with multiple producers and banking companies to wrap up the offer.

He now has a personnel of much more than 400 individuals, whom Darwish explained as “quite good staff.”

“The staff that arrived along with this deal is impressive,” he explained. “The team is a remarkable workforce.”

Fuccillo Automotive Team just a handful of decades ago boasted a lot more than 20 dealerships, but it has offered a lot of suppliers in the past calendar year-plus. In early 2021, the team sold five New York dealerships to Matthews Automobile Team. Then in March 2021, it marketed two Kia dealerships in Florida to LMP Automotive Holdings Inc. In August very last 12 months, it marketed a Nissan dealership in Clearwater, Fla., to Morgan Automotive Group.

Billy Fuccillo Jr., president of the Fuccillo team, did not react to requests for remark from Automotive Information. The group’s web-site even now lists seven franchised rooftops in New York.

Two of Fuccillo Automotive’s Standard Motors dealerships in New York shut close to the time of the Darwish transaction: Fuccillo Chevrolet-Buick at the Automobile Shopping mall in Adams and Fuccillo Chevrolet of Nelliston. A GM spokesman verified the franchises were being terminated in late April and early May well. As section of his transaction, Darwish purchased the serious estate for the two locations.

He ideas to use the web sites as used-motor vehicle merchants and hopes to apply to reopen the Chevrolet retail outlet in Adams.

Darwish, 50, who reported he is a higher education dropout, has needed to very own a motor vehicle dealership since he was 21.

“I sacrificed anything to get here,” he mentioned. “I risked anything to get here.”

And he wants extra. Darwish stated he wishes by year’s finish to look for extra dealerships to get, as he hopes to individual 90-plus merchants in the future 7 several years.

“Once I get likely, I want to preserve likely,” he stated.

Bob Morris with Tim Lamb Group, a purchase-market business in Columbus, Ohio, represented the seller in the transaction, Darwish claimed.