DCG Gains Market Share and Increases Transactions in Challenging Year
NEW YORK–(BUSINESS WIRE)–The Dave Cantin Group (DCG), one of the world’s largest automotive dealership M&A firms, announced it closed more than $1 billion in total automotive dealership acquisitions and completed approximately 40 total transactions in 2021, for an astounding 40 percent increase in total acquisitions value.
During a year that plagued the automotive sector with supply chain issues and ever-shifting sales cycles, DCG exceeded expectations continuing to demonstrate national influence on the competitive auto dealership industry. In addition to high marks in total acquisitions, DCG increased its market share more than 10 percent in its automotive acquisitions client base, and CEO Dave Cantin anticipates the success to continue.
“DCG demonstrated first class services in 2021 with more than a billion dollars in total acquisitions,“ said CEO Dave Cantin. “DCG is an industry-leading organization with high expectations and an incredible team of experts. We’re excited to carry this momentum into 2022 and create more value for our clients.”
DCG leveraged decades of industry experience and innovative problem solving to drive results in 2021, increasing their total acquisitions by more than 35 percent in a pandemic-inflicted year. With the auto dealership industry in high demand, Cantin feels strongly that 2022 will bring even greater results, projecting approximately $1.5 billion in value for acquisitions.
“With competitive opportunities and approachable evaluations, we’re confident that DCG will complete around 50 M&A transactions this year,” said Cantin.
Also in 2021, as part of Cantin’s pledge to donate a percentage of every transaction to resources in that local area, more than two dozen communities benefited from DCG’s philanthropic arm DCG Giving.
“The more success we have, the more opportunities we can create to benefit the community. Giving back is a core principle of DCG and we’re always looking to support community efforts that make a difference.”
About Dave Cantin Group:
Dave Cantin Group (DCG) is a nationwide firm headquartered in the heart of New York at Rockefeller Center and maintains satellite offices nationwide. DCG is a holding company comprised of three structured entities all designed to support the firm’s mission to build, grow, enhance, and secure clients’ legacies in the automotive industry. DCG Acquisitions is the Mergers & Acquisitions arm of the firm specializing in automotive buy/sell transactions. DCG Capital provides capital-focused services for automotive dealers. DCG Media curates automotive-specific intelligence and data and disseminates information through various channels to the automotive industry.
DCG Acquisitions is one of the industry’s largest automotive dealership M&A firms, collectively closing billions in dealership automotive mergers and acquisitions. DCG Capital assists automotive owners, executives, and authorities with capital-based services such as growth recapitalizations, lending assistance, CFO services, GM Acceleration programs, etc.
DCG Media is focused on cultivating, curating, and disseminating high-level automotive information and data. The flagship brand is Dealer News Today (DNT), the pre-eminent automotive podcast station listened to in all 7 continents and thousands of cities and territories across the globe. Podcast channels include a partnership with Cox Automotive, an Automotive Authority show featuring interviews on the highest level of the industry, and an M&A-focused show featuring Dave Cantin.
To learn more, visit www.davecantingroup.com
Contacts
Media:
Nick Mitsis
Percepture
nmitsis@percepture.com
