Cliff Banks - The Banks Report

Morgan Auto Group Adds 11 Stores in 13 Months

March 3, 2017 — The Morgan Auto Group in Tampa announced yesterday it has acquired Naples Mazda and Naples Chrysler Dodge Jeep Ram from Jon and Tom Myers.

The acquisitions brings Morgan’s total number of stores to 23. Since January 2016, Morgan has added 11 stores, including acquisitions of Sun Toyota, Rountree-Moore Motors and Mercedes Benz Gainesville.

Larry Morgan acquired his first dealership, Precision Toyota (now named Toyota of Tampa Bay), in 2005 after selling his 600-store Tires Plus company in 2000.

(NOTE: TBR’s Annual Dealership Buy-Sell Report for 2016 will be available for premium subscribers Monday March 6).

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