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Financial Advisor

Hoyte Dodge

Value Not Disclosed 03/02/2020 Dealerships Complete
Private Companies
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Transaction Details

  • On March 2, 2020, Hoyte Dodge (or the “Company”) was acquired by Ed Morse Automotive Group, an owner and operator of retail automotive dealerships based in Delray Beach, Florida
  • Hoyte Dodge is comprised of:
  • Hoyte Dodge, a Chrysler, Dodge, Jeep and Ram dealership in Sherman, TX
  • Hoyte Chrysler, a Chrysler, Dodge, Jeep, Ram and Fiat dealership in Durant, OK
  • Hoyte Ram Truck Center in Whitesboro, TX
  • Red River 4x4, off-road MOPAR accessories and service in Sherman, TX
  • Stephens Inc. served as exclusive financial advisor to Hoyte Dodge
  • Terms of the transaction were not disclosed

About the company

Hoyte Dodge

Hoyte Ridlehuber purchased his first dealership in 1984. Today, he employs over 100 professionals at four locations. The Company serves the rapidly growing North Texas market.

Ed Morse Automotive Group

Founded in 1946 and based in Delray Beach, FL, Ed Morse Automotive Group owns and operates 16 locations across Florida and Texas. The Company’s franchises include Alfa Romeo, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, GMC, Honda, Jeep, Mazda, Mitsubishi, Ram and Toyota.

Sources: Company Materials.
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