Key Auto Group has acquired a General Motors store in New Hampshire, its latest in a string of dealership purchases.
The Portsmouth, N.H., group bought Newport Chevrolet-Buick-GMC on Tuesday from Autosaver Group, according to Nancy Phillips Associates, a dealership buy-sell firm in Exeter, N.H., that handled the transaction.
Terms of the deal weren’t disclosed, but the store has been renamed Key Chevrolet-Buick-GMC of Newport.
Key Auto has been on a buying spree. Last year, it bought Port City Chrysler-Dodge-Ram in Portsmouth, N.H., and another Chrysler-Dodge-Jeep-Ram store in Rochester, N.H.
It has about 20 locations in New Hampshire, Maine, Vermont, and Florida including new-car dealerships, used-car superstores, and a heavy-truck dealership.