Darwish, previously a minority partner in a New Jersey Audi dealership and a system manager for Napleton Automotive Group, stated that immediately after moving into into an arrangement with Fuccillo in August 2020, he ran into many delays. His lawyer’s place of work shut down mainly because of COVID-19, and Darwish contracted the disorder.
“I nearly died,” he informed Automotive Information. “I was in the healthcare facility for 19 days.”
Darwish claimed he was on oxygen for two months but recovered. Then in June 2021, Fuccillo Automotive CEO Billy Fuccillo Sr. died.
Darwish reported he had very little sleep more than people 20 months as he labored to satisfy with numerous makers and banking institutions to wrap up the deal.
He now has a staff members of more than 400 people, whom Darwish described as “quite very good personnel.”
“The team that came along with this offer is breathtaking,” he explained. “The staff is a tremendous group.”
Fuccillo Automotive Team just a couple of several years back boasted extra than 20 dealerships, but it has bought numerous stores in the earlier 12 months-as well as. In early 2021, the group bought 5 New York dealerships to Matthews Car Group. Then in March 2021, it marketed two Kia dealerships in Florida to LMP Automotive Holdings Inc. In August previous calendar year, it bought a Nissan dealership in Clearwater, Fla., to Morgan Automotive Group.
Billy Fuccillo Jr., president of the Fuccillo team, did not reply to requests for comment from Automotive Information. The group’s web-site nevertheless lists 7 franchised rooftops in New York.
Two of Fuccillo Automotive’s Standard Motors dealerships in New York closed around the time of the Darwish transaction: Fuccillo Chevrolet-Buick at the Car Mall in Adams and Fuccillo Chevrolet of Nelliston. A GM spokesman verified the franchises ended up terminated in late April and early Could. As component of his transaction, Darwish bought the serious estate for both destinations.
He options to use the web sites as made use of-car merchants and hopes to utilize to reopen the Chevrolet retailer in Adams.
Darwish, 50, who explained he is a college or university dropout, has wanted to own a car dealership since he was 21.
“I sacrificed everything to get right here,” he claimed. “I risked every thing to get below.”
And he wants extra. Darwish explained he desires by year’s stop to look for extra dealerships to invest in, as he hopes to possess 90-as well as shops in the subsequent 7 several years.
“When I get likely, I want to hold heading,” he explained.
Bob Morris with Tim Lamb Team, a invest in-provide firm in Columbus, Ohio, represented the vendor in the transaction, Darwish reported.