Carl Gregory Enterprises to sell dealerships to publicly traded company - Columbus Ledger-Enquirer
Carl Gregory Enterprises, the last of the large locally owned Columbus car dealerships, has reached an agreement to sell to a national retailer, the Ledger-Enquirer confirmed this morning. , paid an undisclosed amount for Gregory's 13 stores in Georgia, Alabama and Florida. The largest of Gregory's dealership are in Columbus where he owns the Chrysler, Dodge, Jeep, Honda Hyundai and Volkswagen stores clustered on one site off north Veterans Parkway. He also has a Chrysler, Dodge, Jeep dealership on Victory Drive. Gregory came to Columbus from Kansas in April 1987 and began to build an automobile dealership company that was recently ranked as the 113th largest such enterprise in the country. In early 1989, Gregory bought out Stelzenmuller and Miller. Since that time he has added the Dodge, Jeep, Ram, Fiat, Ford, Lincoln, Hyundai, Honda and Volkswagen brands to his inventory. In 2014, Carl Gregory Enterprises generated $480 million in revenue, selling approximately 16,750 new and used vehicles. Gregory was asked in that interview published on July 5 if he would consider selling his business. "Look, at the end of the day we have options that we are always looking at whether it's acquiring, whether it's divesting some," Gregory said. Source: www.ledger-enquirer.com
