Atlantic Coast Automotive buys 6 New York dealerships
PR NEWSWIRE JUNE 2, 2022
Rob Lee, Northeast Director of the Tim Lamb Group, has brokered the sale of six NYE Group dealerships in upstate New York to the Atlantic Coast Automotive Group, a large dealer group.
Founded by Harold Nye in 1968, the NYE Group has been led by Harold's son, William, in Oneida, New York since 1998. The group represents a variety of franchises including Chevrolet, Buick GMC, Ford, Chrysler Dodge Jeep, Toyota, and Volkswagen.
"The sale of my six dealerships was a large and complicated transaction," said Bill Nye, owner NYE Group. "Rob Lee of the Tim Lamb Group was always readily available, experienced with answers, and prompt with decisions. The OEM approval stage is also not simple. Tim Lamb was there with support, 'go to' people and steady advice. They are a great team."
The deal was closed on May 24, 2022.
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