North Olmsted Chrysler Sold to Serpentini Auto Group
Deal News | Jul 10, 2025 | Globenewswire
The Tim Lamb Group, the preeminent auto dealership sales and acquisitions firm in North America, has facilitated the sale of the North Olmsted Chrysler Jeep Dodge Ram dealership in Ohio to the Serpentini Auto Group. The acquisition, managed by Steve Corle from the Tim Lamb Group, was finalized on July 8, 2025. Originally owned by Paul Hrnchar Jr., the dealership will now be rebranded as Serpentini Chrysler Dodge Jeep Ram North Olmsted. The Hrnchar family, recognized in the local community, will continue their operations with Alfa Romeo & FIAT of Strongsville. The buying entity, led by Bob Serpentini, adds this dealership to its portfolio, which already includes seven locations in Ohio and one in Florida, as part of their ongoing expansion strategy. Tim Lamb Group's successful execution of this deal marks their fourth transaction with Serpentini Auto Group, demonstrating the robust relationship and continued growth in the region.
Sectors
- Automotive Dealerships
- Mergers and Acquisitions
Geography
- United States – The transaction takes place within Ohio, USA, and involves companies and operations primarily located in this country.
- Ohio – The primary location of the North Olmsted Chrysler Jeep Dodge Ram dealership, as well as several other properties owned by Serpentini Auto Group.
Industry
- Automotive Dealerships – The article centers around the sale and acquisition of a car dealership, highlighting industry dynamics and dealership management.
- Mergers and Acquisitions – Involves the transaction and sale of the auto dealership, detailing the facilitation process by the Tim Lamb Group and the acquisition strategy of Serpentini Auto Group.
Financials
- – Specific financial details of the transaction, such as the sale price, were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| North Olmsted Chrysler Jeep Dodge Ram | Target company | Company | The dealership being sold in the transaction. |
| Tim Lamb Group | Facilitator | Company | A leading firm in auto dealership sales and acquisitions, facilitating the sale process. |
| Paul Hrnchar Jr. | Vendor | Person | Original president and owner of the dealership sold to Serpentini Auto Group. |
| Serpentini Auto Group | Buyer | Company | The entity acquiring North Olmsted Chrysler Jeep Dodge Ram, led by Bob Serpentini. |
| Bob Serpentini | Buyer | Person | President of Serpentini Auto Group, overseeing the acquisition. |