July 3, 2022

Automotive Mogul

Automatic Road Vehicle

Fuccillo Automotive Group sells 10 dealerships in New York

Darwish, formerly a minority partner in a New Jersey Audi dealership and a platform supervisor for Napleton Automotive Group, mentioned that after coming into into an agreement with Fuccillo in August 2020, he ran into numerous delays. His lawyer’s place of work shut down for the reason that of COVID-19, and Darwish contracted the illness.

“I practically died,” he instructed Automotive News. “I was in the healthcare facility for 19 times.”

Darwish said he was on oxygen for two months but recovered. Then in June 2021, Fuccillo Automotive CEO Billy Fuccillo Sr. died.

Darwish reported he experienced minimal snooze more than these 20 months as he labored to meet up with with several suppliers and banking institutions to wrap up the deal.

He now has a staff members of far more than 400 men and women, whom Darwish explained as “extremely fantastic staff.”

“The personnel that came along with this offer is spectacular,” he explained. “The team is a huge team.”

Fuccillo Automotive Group just a handful of decades ago boasted much more than 20 dealerships, but it has sold quite a few suppliers in the earlier yr-moreover. In early 2021, the group bought five New York dealerships to Matthews Vehicle Group. Then in March 2021, it sold two Kia dealerships in Florida to LMP Automotive Holdings Inc. In August very last calendar year, it sold a Nissan dealership in Clearwater, Fla., to Morgan Automotive Team.

Billy Fuccillo Jr., president of the Fuccillo group, did not respond to requests for comment from Automotive Information. The group’s web site nonetheless lists 7 franchised rooftops in New York.

Two of Fuccillo Automotive’s Typical Motors dealerships in New York shut around the time of the Darwish transaction: Fuccillo Chevrolet-Buick at the Automobile Mall in Adams and Fuccillo Chevrolet of Nelliston. A GM spokesman verified the franchises were terminated in late April and early May possibly. As element of his transaction, Darwish acquired the true estate for equally spots.

He designs to use the web sites as utilised-car stores and hopes to implement to reopen the Chevrolet store in Adams.

Darwish, 50, who mentioned he is a college dropout, has wished to have a auto dealership considering that he was 21.

“I sacrificed anything to get in this article,” he said. “I risked all the things to get below.”

And he wants far more. Darwish claimed he needs by year’s conclusion to appear for additional dealerships to acquire, as he hopes to have 90-furthermore merchants in the next 7 years.

“At the time I get heading, I want to maintain heading,” he reported.

Bob Morris with Tim Lamb Team, a purchase-provide agency in Columbus, Ohio, represented the vendor in the transaction, Darwish claimed.