Naperville Chrysler Jeep Dodge Ram & Gary Lang Auto Group (Kia, Subaru, Chevrolet, Cadillac, Buick, GMC, Mitsubishi)
Acquisition of the Castle automotive group
OAK BROOK, Ill., Sept. 30, 2022 (GLOBE NEWSWIRE) — Castle Automotive Group (CAG), a growing automotive retailer headquartered in Oakbrook Terrace, Ill., completed two transactions this year with the acquisition of Naperville Chrysler Dodge Jeep Ram and Gary Lang Auto Group in McHenry. These two acquisitions bring Castle Automotive Group to 14 locations and 26 new automotive franchises in Illinois and Northwestern Indiana with a strong portfolio of brands – Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Jeep , Kia, Lincoln, Mitsubishi, RAM , Subaru and Volkswagen.
“First of all, I would like to say thank you and congratulations to Ed Burke, President of Naperville CDJR and Gary Lang, President of Gary Lang Auto Group. These two gentlemen have been a pleasure to work with since the day we hired all them through a transparent buy-sell transaction.In concluding these important and very emotional transactions, it is very important to me that all parties are treated fairly and with respect for their heritage, their people and their their communities I wish them both the very best Thanks also to my acquisitions teams at CAG, Andrew Dorgan and DSMC, VP of M&A Jennifer Rafael and financial partner Ally for working all this year to carry out these 2 transactions.
“Business-wise, we believe these 2 acquisitions are a perfect fit for our business with the right brands in the right places. We are proud to have added Kia and Cadillac to our portfolio, along with our third Chevrolet franchise and our second CDJR, Subaru, Buick, GMC and Mitsubishi. This gives our business great scalability in a highly competitive market. It’s been a busy year for us and for everyone involved in achieving this goal. I look forward to welcome and onboard all 200+ employees, their families and 11 additional new automotive franchises to the CAG platform through these transactions.” -Joe Castle, CEO of Castle Automotive Group
Stellantis NV is a multinational automobile manufacturing company established in 2021. The main activity of Stellantis is the design, development, manufacture and sale of automobiles bearing its 16 brands Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS , Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram and Vauxhall. At the time of the merger, Stellantis had approximately 300,000 employees, a presence in over 130 countries with manufacturing facilities in 30 countries.
Based in Irvine, Calif., Kia America continues to top automotive quality surveys and is recognized as one of the top 100 global brands. Kia is the “Official Automotive Partner” of the NBA and offers a line of gasoline, hybrid, plug-in hybrid and electrified vehicles sold through a network of nearly 750 dealerships in the United States, including several cars and SUVs proudly assembled in America.
Subaru of America is committed to being a positive force in the world and to acting as a good corporate citizen through responsible leadership, ethical business practices and environmental protection. In addition to the corporate headquarters in Camden, New Jersey, and the landfill-free assembly plant in Lafayette, Indiana, Subaru has eight regional distribution offices, three regional offices, 12 area offices and more than 600 dealerships across the United States.
About General Motors.
General Motors’ goal is to deliver a world-class customer experience at every touchpoint and to do so on the basis of trust and transparency. Headquartered in Detroit, Michigan, with employees around the world, General Motors is a company with global scale and capabilities. They employ over 155,000 people, serving six continents with a diverse workforce speaking 75 languages.
About Castle Automotive Group (CAG)
Castle Automotive Group (CAG) currently has 10 locations in Illinois and northwest Indiana, representing domestic, Asian and German brands. Castle also offers its customers a broad range of automotive products and services, including new and used vehicle sales and related finance and insurance products, service contracts, repair and maintenance programs. vehicles and original parts. Looking to the future, this acquisition will reinforce Castle Automotive Group’s initiative to partner with more brands focused on electric vehicles as the automotive industry moves towards this, as well as its plans to continue the innovation and investment. Castle Automotive Group will continue to invest in key markets in the Chicagoland area through various programs, such as Castle Buy Center, Castle Credit Center and CastleCars.com, their Direct-To-Consumer shopping experience. These programs are set up to offer a diverse range of solutions aimed at simplifying the process of buying and selling cars online. For more information, please visit www.castleautomotivegroup.com, www.castlecars.comand www.castlecdjrnaperville.com & www.castleautoplexmchenry.com.
Acquisition of the Castle automotive group
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