Hudson Automotive Group said it has entered into an agreement to acquire Vic Bailey Automotive of Spartanburg. Financial terms weren't disclosed. Vic Bailey Automotive has been a cornerstone of the Spartanburg community for more than 54 years.
“We are grateful to our loyal customers, as well as our dedicated employees who have made our business such a huge success. The Hudson Automotive Group has a great reputation, and we know that our legacy of dealerships will be left in good hands,” said Vic Bailey III.
The transaction is expected to close in early December, adding five dealerships and a collision center to the Hudson Automotive Group.
The five dealerships acquired will be re anded to Volkswagen of Spartanburg, Spartanburg Honda, Subaru of Spartanburg, Ford/Lincoln of Spartanburg and Mazda of Spartanburg.
“We are very honored and excited to add the Vic Bailey Automotive dealerships to our growing portfolio in the southeast. These are great brands in a market that we like and know very well and will expand our footprint in the upstate along with Spartanburg Toyota and Lexus of Greenville,” said Hudson Automotive Group President David Hudson.
Founded in 1948 as a single dealership in Providence, Ky., Hudson Automotive Group has grown to a multistate, multi-franchise organization with 49+ dealerships throughout North Carolina, South Carolina, Georgia, Ohio, Louisiana, Kentucky, Alabama and Tennessee.
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