Fuccillo Automotive Group sells 10 dealerships in New York
Darwish, formerly a minority spouse in a New Jersey Audi dealership and a system supervisor for Napleton Automotive Group, said that after getting into into an arrangement with Fuccillo in August 2020, he ran into numerous delays. His lawyer’s business shut down simply because of COVID-19, and Darwish contracted the disease.
“I almost died,” he instructed Automotive News. “I was in the hospital for 19 days.”
Darwish claimed he was on oxygen for two months but recovered. Then in June 2021, Fuccillo Automotive CEO Billy Fuccillo Sr. died.
Darwish stated he had minimal rest around those people 20 months as he worked to satisfy with many manufacturers and banks to wrap up the deal.
He now has a workers of more than 400 men and women, whom Darwish explained as “quite superior staff.”
“The workers that came alongside with this offer is magnificent,” he explained. “The workforce is a great workforce.”
Fuccillo Automotive Group just a couple a long time in the past boasted extra than 20 dealerships, but it has bought several stores in the past year-furthermore. In early 2021, the team bought 5 New York dealerships to Matthews Car Team. Then in March 2021, it marketed two Kia dealerships in Florida to LMP Automotive Holdings Inc. In August very last 12 months, it offered a Nissan dealership in Clearwater, Fla., to Morgan Automotive Team.
Billy Fuccillo Jr., president of the Fuccillo team, failed to respond to requests for remark from Automotive News. The group’s web site nevertheless lists 7 franchised rooftops in New York.
Two of Fuccillo Automotive’s Standard Motors dealerships in New York closed all-around the time of the Darwish transaction: Fuccillo Chevrolet-Buick at the Car Mall in Adams and Fuccillo Chevrolet of Nelliston. A GM spokesman verified the franchises had been terminated in late April and early May possibly. As element of his transaction, Darwish purchased the true estate for each spots.
He options to use the websites as utilized-auto outlets and hopes to utilize to reopen the Chevrolet retail outlet in Adams.
Darwish, 50, who mentioned he is a faculty dropout, has wanted to have a vehicle dealership due to the fact he was 21.
“I sacrificed all the things to get here,” he explained. “I risked everything to get here.”
And he desires additional. Darwish reported he desires by year’s conclude to glimpse for extra dealerships to invest in, as he hopes to possess 90-moreover merchants in the up coming 7 decades.
“The moment I get going, I want to maintain heading,” he said.
Bob Morris with Tim Lamb Group, a get-provide agency in Columbus, Ohio, represented the seller in the transaction, Darwish reported.
