By Ciocca Automotive, a family-owned company that operates 42 dealerships and 12 collision centers in Pennsylvania and New Jersey, has announced that it will acquire 10 more dealerships in Pennsylvania from Apple Automotive Group. The deal, which is expected to be completed in February 2024, will add 10 new franchises and six collision centers to Ciocca’s portfolio, as well as increase its annual revenue to over $3 billion.
Apple Automotive Group is the automotive division of The Stewart Companies, a family-owned company that also has businesses in building products, construction, and real estate. Apple Automotive has been serving York County, Pennsylvania, since 1976, and has 10 dealerships representing BMW, Ford, Chevrolet, Chrysler-Dodge-Jeep-Ram, Honda, Nissan, and Subaru, as well as two used vehicle stores and six collision centers.
Gregg Ciocca, the owner and founder of Ciocca Automotive, said in a press release that he was honored to steward Apple Automotive’s legacy into the future. He said that he takes seriously his responsibility to continue to deliver the same level of service excellence that customers count on from Apple Automotive, and to support the communities that it serves.
Ciocca also said that he was impressed by Apple Automotive’s team, which shares many of the same family business values that guide Ciocca Automotive’s commitments to serving its employees, customers, and manufacturers. He said that he was looking forward to working with them and integrating them into the Ciocca family.
The Stewart Companies Focuses on its Core Businesses
The Stewart Companies said that the decision to sell Apple Automotive was part of its long-range strategic plan to focus on expanding its core businesses in building products, construction, and real estate. The company said that it had been evaluating its automotive division for some time, and that it wanted to find the right partner to lead it into the future.
David Stewart, the CEO of The Stewart Companies, said that Ciocca Automotive was the ideal partner, as it has a laser focus on the automotive industry, as well as deeply held roots in the region and commitments to family business values and community. He said that he was grateful to have been a part of Apple Automotive’s legacy, and honored to work with its incredible team.
Stewart also thanked the customers and community of York County for their loyalty and support over the years, and assured them that they would be well cared for by Ciocca Automotive.
Ciocca Automotive Continues to Grow and Innovate
Ciocca Automotive, which was founded in 1970 by Gregg Ciocca, has grown to become one of the largest and most successful automotive groups in the country. The company has over 2,500 employees and represents 25 automotive brands across Pennsylvania and New Jersey.
Ciocca Automotive is known for its innovative and customer-centric approach to the automotive business, as well as its involvement and support of various charitable and community causes. The company has won numerous awards and recognitions, such as the DealerRater Dealer of the Year, the Automotive News Best Dealerships to Work For, and the Lehigh Valley Top Workplaces.
With the acquisition of Apple Automotive, Ciocca Automotive will further expand its presence and reach in Pennsylvania, and will add new brands and services to its offerings. The company said that it will continue to pursue its vision of being the best automotive group in the industry, and to deliver exceptional value and experience to its customers and stakeholders.