Haig Partners served as the exclusive sell-side advisor to The Stewart Companies in the sale of its York, PA-based Apple Automotive Group to Ciocca Automotive. It is believed that Apple Automotive Group, with its ten franchised dealerships, two used auto dealerships and six collision centers, is the most valuable dealership group sold in Pennsylvania.
Founded in 1935, The Stewart Companies is a multi-generational, family-owned company based in York County, PA, encompassing businesses across the building products, construction, and real estate industries. The company entered the automotive business over 45 years ago by acquiring a small VW dealership. Under the leadership of the Stewart and Gilbert families, Apple Automotive Group grew to 10 franchise dealerships, six collision centers, two stand-alone used vehicle dealerships, two car washes, and a large wholesale parts business. The dealerships include BMW, two Ford locations, two Chevrolet locations, Chrysler-Dodge-Jeep-Ram, two Honda locations, Nissan, and Subaru. Apple Automotive Group employs approximately 700 people and is one of the largest automotive groups in PA. The Stewart Companies’ decision to transition ownership of the automotive division is part of a long-range strategic effort focused on further expanding the Company’s building products, construction, and real estate businesses while ensuring a thriving future for Apple Automotive Group.
