Graham Holdings Company Acquires a Ford Dealership

Rhea-AI Summary

Graham Holdings Company (NYSE: GHC) has acquired a Ford dealership in Manassas, VA, from the Battlefield Automotive Group. The purchase price was not disclosed. Christopher J. Ourisman and his team will manage the dealership, with Graham Holdings holding a 90% stake. This acquisition expands the company’s existing automotive portfolio, which includes Ourisman Lexus of Rockville, Ourisman Honda of Tysons Corner, and Ourisman Jeep Bethesda, positioning Graham Holdings for potential revenue growth in the automotive sector.

Positive

• Acquisition of a Ford dealership expands automotive portfolio.
• Graham Holdings holds a 90% stake, allowing for significant control.
• Management by experienced industry professionals may enhance operational efficiency.

Negative

• None.

ARLINGTON, Va.--(BUSINESS WIRE)-- Graham Holdings Company (NYSE: GHC) announced today that it has acquired a Ford dealership in Manassas, VA from the Battlefield Automotive Group. The purchase price was not disclosed.

Christopher J. Ourisman, a member of the Ourisman Automotive Group family of dealerships, and his team of industry professionals will operate and manage the dealership. Graham Holdings Company holds a 90% stake.

The Company also owns three other automotive dealerships: Ourisman Lexus of Rockville, Ourisman Honda of Tysons Corner and Ourisman Jeep Bethesda.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211229005205/en/

Pinkie Mayfield

Pinkie.Mayfield@ghco.com

(703) 345-6450

Source: Graham Holdings Company

FAQ

What dealership did Graham Holdings acquire?

Graham Holdings acquired a Ford dealership in Manassas, VA.

When did Graham Holdings announce the acquisition?

The acquisition was announced on the date of the press release, December 29, 2021.

What is the stake of Graham Holdings in the new dealership?

Graham Holdings holds a 90% stake in the newly acquired Ford dealership.

Who will manage the Ford dealership in Manassas?

Christopher J. Ourisman and his team will manage the dealership.

How does this acquisition affect Graham Holdings' automotive business?

This acquisition expands Graham Holdings' automotive portfolio, potentially increasing revenue and market presence.