Georgica Auto Holdings Expands Northeast Presence with Acquisition of Kolb Subaru

Strategic move strengthens Georgica Automotive Holdings' portfolio, advancing its growth in the automotive retail sector

NEW YORK, Feb. 13, 2025 /PRNewswire/ -- Georgica Auto Holdings (GAH), a leading operator of automotive retail franchises, today announced the acquisition of Kolb Subaru, a dealership in Orangeburg, NY, just north of Manhattan. The addition of Kolb Subaru expands GAH's footprint in the Northeast and reinforces its strategy of acquiring high-performing dealerships to drive sustained growth and operational excellence. Kolb Subaru is GAH's third Subaru store, further strengthening its partnership with the brand.

Under the leadership of Jon Sobel, CEO of Georgica Auto Holdings, the company has steadily expanded its portfolio, leveraging strategic acquisitions to build a premier network of dealerships across New York, New Jersey, and Pennsylvania. Franchise Equity Partners (FEP), a key financial partner to GAH since 2022, continues to provide capital and strategic resources to support the company's long-term growth.

"Kolb Subaru represents an exciting opportunity to further strengthen our footprint in the Northeast," said Jon Sobel, CEO of Georgica Auto Holdings. "Our focus is on delivering exceptional customer experiences and optimizing operations, and with FEP's continued partnership, we are well-positioned to enhance our dealership network and drive long-term value."

Since its investment in GAH, FEP has played a strategic role in supporting the company's expansion, providing financial backing and automotive industry expertise to facilitate targeted growth.

"Jon and the Georgica Auto Holdings team have built a best-in-class automotive retail group, and we are proud to support their continued success," said Mike Esposito, Co-Founder and Managing Partner of FEP. "Kolb Subaru is a great addition to their portfolio, and we look forward to seeing GAH's ongoing momentum in the industry."

Presidio represented the seller, Group 1 Automotive, in this transaction, while Day Pitney served as the buyer's attorney. Weiner & Co. acted as the due diligence advisor for Georgica Auto Holdings.

The acquisition of Kolb Subaru aligns with GAH's commitment to growing a diverse and high-performing dealership network, representing an extensive roster of mass-market and luxury automotive brands.

About Georgica Auto Holdings:

Georgica Auto Holdings operates 27 automotive retail franchises across New York, New Jersey, and Pennsylvania. With dealerships representing an iconic roster of mass-market and luxury automotive brands, Georgica Automotive Holdings generates over $1.3 billion in annual sales from over 20,000 new- and used-vehicle transactions. Dealerships representing a constellation of brands from Audi, BMW, Chevrolet, Chrysler, Dodge, GMC, Honda, Jaguar, Jeep, Land Rover, Porsche, RAM, Subaru, Toyota, and Volkswagen. To learn more about Georgica Auto Holdings, please visit www.georgicaautoholdings.com.

About Franchise Equity Partners: 

Franchise Equity Partners is a private investment firm specializing in providing capital to franchise businesses and their owners. Its differentiated approach combines extensive corporate finance and operating experience with an initial target portfolio size of $1 billion to enable growth, ownership simplification, succession and estate planning, among other strategic business opportunities. To learn more about Franchise Equity Partners, please visit www.fep-us.com or follow the firm on LinkedIn.

Contact:
Mandy Cline
(919)-855-9817
[email protected]

SOURCE Franchise Equity Partners