Graham Holdings Company Acquires Toyota and Chrysler-Dodge-Jeep-Ram Dealerships

Rhea-AI Summary

Graham Holdings Company (NYSE: GHC) has acquired a Toyota dealership and a Chrysler-Dodge-Jeep-Ram dealership in Woodbridge, VA, from the Lustine Automotive Group. The financial terms of the deal were not disclosed. Christopher J. Ourisman will lead the operations at these dealerships with a team of industry professionals. Graham Holdings now owns five automotive dealerships, including locations in Rockville, Tysons Corner, Bethesda, and Manassas, VA, enhancing its market presence in the automotive sector.

Positive

• Acquisition expands Graham Holdings' automotive dealership portfolio.
• Strategic move to enhance market presence in Virginia.

Negative

• None.

ARLINGTON, Va.--(BUSINESS WIRE)-- Graham Holdings Company (NYSE: GHC) announced today that it has acquired a Toyota dealership and a Chrysler-Dodge-Jeep-Ram dealership in Woodbridge, VA from the Lustine 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 dealerships. Graham Holdings Company holds a 90% stake.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220706005448/en/

Pinkie Mayfield

Pinkie.Mayfield@ghco.com

(703) 345-6450

Source: Graham Holdings Company

FAQ

What recent acquisition did Graham Holdings (GHC) announce?

Graham Holdings announced the acquisition of a Toyota dealership and a Chrysler-Dodge-Jeep-Ram dealership in Woodbridge, VA.

Who will manage the newly acquired dealerships by GHC?

Christopher J. Ourisman and his team of industry professionals will operate the new dealerships.

How many automotive dealerships does Graham Holdings own after this acquisition?

With this acquisition, Graham Holdings now owns five automotive dealerships.

What is the significance of GHC's acquisition of these dealerships?

The acquisition strengthens Graham Holdings' presence in the automotive market in Virginia.