Darwish, previously a minority husband or wife in a New Jersey Audi dealership and a platform supervisor for Napleton Automotive Group, claimed that soon after moving into into an settlement with Fuccillo in August 2020, he ran into quite a few delays. His lawyer’s business office shut down since of COVID-19, and Darwish contracted the ailment.
“I just about died,” he informed Automotive Information. “I was in the clinic for 19 times.”
Darwish stated he was on oxygen for two months but recovered. Then in June 2021, Fuccillo Automotive CEO Billy Fuccillo Sr. died.
Darwish reported he experienced very little snooze in excess of these 20 months as he labored to meet up with with various suppliers and banks to wrap up the offer.
He now has a team of a lot more than 400 people today, whom Darwish described as “really great employees.”
“The staff that came alongside with this deal is stunning,” he mentioned. “The workforce is a huge staff.”
Fuccillo Automotive Team just a handful of a long time ago boasted far more than 20 dealerships, but it has sold numerous stores in the past yr-moreover. In early 2021, the group bought five New York dealerships to Matthews Car Group. Then in March 2021, it sold two Kia dealerships in Florida to LMP Automotive Holdings Inc. In August final year, it marketed a Nissan dealership in Clearwater, Fla., to Morgan Automotive Group.
Billy Fuccillo Jr., president of the Fuccillo group, didn’t reply to requests for remark from Automotive News. The group’s website nonetheless lists 7 franchised rooftops in New York.
Two of Fuccillo Automotive’s Standard Motors dealerships in New York closed all over the time of the Darwish transaction: Fuccillo Chevrolet-Buick at the Auto Mall in Adams and Fuccillo Chevrolet of Nelliston. A GM spokesman verified the franchises ended up terminated in late April and early May. As portion of his transaction, Darwish bought the serious estate for both equally spots.
He programs to use the web sites as made use of-car merchants and hopes to use to reopen the Chevrolet store in Adams.
Darwish, 50, who reported he is a school dropout, has wanted to possess a automobile dealership considering the fact that he was 21.
“I sacrificed anything to get in this article,” he reported. “I risked anything to get below.”
And he wishes much more. Darwish stated he desires by year’s end to look for much more dealerships to obtain, as he hopes to have 90-moreover merchants in the future 7 years.
“After I get heading, I want to hold heading,” he claimed.
Bob Morris with Tim Lamb Group, a acquire-market business in Columbus, Ohio, represented the vendor in the transaction, Darwish mentioned.