October 21, 2020

LMP Automotive Holdings, Inc. Announces Entry Into a Definitive Agreement for the Acquisition …

  • Upon closing and combined with our currently contracted acquisitions, LMP’s revenues are expected to exceed $2.2B on an annualized basis in 2021, with approximately $70M in pre-tax income and expected net income of $4.59 per share, which would likely make LMP a newcomer to the Fortune 1000 list of companies with over 1,600 employees;
  • Real estate leased with an option to purchase;
  • Expands its world class management team;
  • Unique New York dominant platform with accelerating organic year-over-year annualized income growth of over 20%;
  • Significant increase in online-originated orders with efficient touchless delivery and lower SG&A costs associated with the online and fulfillment elements due to Atlantic’s concentrated, clustered presence in New York along with its logistics network;
  • Atlantic Central Storage has storage capacity of approximately 7,000 vehicles in New York and operates a fleet of 15 multivehicle car transporters with capacity to efficiently transport approximately 5,800 vehicles a month on
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Sage Automotive Interiors Completes Acquisition of Adient’s Automotive Fabric Business

Increased capacity, expansion, in European automotive industry

GREENVILLE, S.C.–(BUSINESS WIRE)–
Sage Automotive Interiors (an Asahi Kasei company) has now completed its agreement to acquire the automotive fabric business of Adient (NYSE: ADNT).

Sage Automotive Interiors has paid $175M and received regulatory approvals under the agreement announced on March 5, 2020.

“Strengthening our position in Europe will enable us to better support multiple OEMS locally and more broadly as we combine the best of both company operations,” said Dirk Pieper, CEO of Sage Automotive Interiors.

“We look to expand capacity and capability for automotive interior products to the European market to continue our global position as the #1 preferred automotive interiors company,” said Pieper.

Committed to developing innovative designs and creating high performing interiors without compromising the environment, Sage is a global company with more than 30 locations in 19 countries.

“Europe continues to be a key growth

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Walser Automotive Expands with Chicago Nissan Acquisition

Minnesota-based Walser Automotive Group is entering into the Chicagoland region with the acquisition of Continental Nissan in Countryside, IL.

Walser Automotive Group, a Minneapolis-area based dealer group, has announced it will buy Continental Nissan of Countryside, Illinois. The single-point purchase, which closed October 1, will mark Walser Automotive Group’s entrance into the Chicagoland market. The store will transition to the name of Countryside Nissan.

“Continental Nissan and the Continental Automotive Group have a longstanding history in the greater Chicago area. Their commitment to serving their employees, customers, and the community reflect our values and the way that Walser does business,” said Walser Automotive Group CEO Andrew Walser. “We are thrilled to carry on that legacy of success.”

The purchase is Walser Automotive Group’s second acquisition this year, buying into the newly formed Hello Auto Group in May, a three-rooftop dealer group based in Santa Clarita, CA.

“This year has been

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LAPRAIRIE Group of Companies grows with the acquisition of two heavy haul transportation companies

ENTREC Alberta Ltd. And Capstan Hauling now part of the LAPRAIRIE Group of Companies

CALGARY, AB, Oct. 1, 2020 /CNW/ – LAPRAIRIE Group of Companies, a Canadian-owned, full-service crane and transportation and logistics company (“LAPRAIRIE“) announces the acquisitions of ENTREC Alberta Ltd. (“ENTREC) and Capstan Hauling (“Capstan“), both divisions of ENTREC Corporation – a crane and specialized transportation solutions provider.

Through the acquisitions, ENTREC and Capstan will become subsidiaries of the LAPRAIRIE Group of Companies and be managed and operated as separate businesses.

“We look forward to the added value that these acquisitions will bring. Through the offering of jack and slide services, additional transport trucks and a modern fleet of platform heavy haul trailers, we will be in a position to offer a one stop solution to existing and new customers in these complimentary industries,” said Scott LaPrairie, President and CEO

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Sage Automotive Interiors Completes Acquisition of Adient’s Automotive Fabric Business – Press Release

GREENVILLE, S.C.–(Business Wire)–Sage Automotive Interiors (an Asahi Kasei company) has now completed its agreement to acquire the automotive fabric business of Adient (NYSE: ADNT).

Sage Automotive Interiors has paid $175M and received regulatory approvals under the agreement announced on March 5, 2020.

“Strengthening our position in Europe will enable us to better support multiple OEMS locally and more broadly as we combine the best of both company operations,” said Dirk Pieper, CEO of Sage Automotive Interiors.

“We look to expand capacity and capability for automotive interior products to the European market to continue our global position as the #1 preferred automotive interiors company,” said Pieper.

Committed to developing innovative designs and creating high performing interiors without compromising the environment, Sage is a global company with more than 30 locations in 19 countries.

“Europe continues to be a key growth area for Sage Automotive Interiors. In addition, the technology and capabilities

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Sonic Automotive Continues EchoPark Expansion with Land Acquisition in Charlotte, North Carolina

The MarketWatch News Department was not involved in the creation of this content.

Sonic Automotive, Inc. (“Sonic” or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced it has purchased approximately four acres of land directly adjacent to the Company’s Charlotte, North Carolina, EchoPark retail hub location. The expanded property will accommodate approximately 400 additional inventory parking spaces, bringing the total inventory capacity at the Charlotte EchoPark retail hub location to approximately 1,000 vehicles.

David Smith, Sonic Automotive’s and EchoPark Automotive’s Chief Executive Officer, commented, “Our continued investment in our Charlotte EchoPark location reflects the increasing customer demand we’re seeing in the metro area and neighboring markets. Our Charlotte retail hub will continue to play a key role as we expand our EchoPark footprint throughout the region with the opening of additional EchoPark delivery and buy centers in the near future, which

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