Ohio group buys Day Toy­ota in Pleas­ant Hills

Pittsburgh Post-Gazette - - Business - By Pa­tri­cia Sa­ba­tini Pa­tri­cia Sa­ba­tini: PSa­ba­tini@;post-gazette. 412-263-3066.

Gan­ley Au­to­mo­tive Group — the big­gest car deal­er­ship in Ohio — has struck a deal to buy a Toy­ota deal­er­ship in Pleas­ant Hills owned by Mon­roeville-based Day Au­to­mo­tiveGroup.

CEO Ken Gan­ley said he ex­pects to close on the trans­ac­tion soon, de­clin­ing to dis­close the price. Ten­ta­tive plans are to open un­der the Ken Gan­ley Toy­ota ban­neron Feb. 26, he said.

“I’ve been a Toy­ota dealer since 1995, and I love Toy­ota,” Mr. Gan­ley said Wed­nes­day. “When the op­por­tu­nity pre­sented it­self, forme it was a no-brainer.”

Day Au­to­mo­tive also has lo­ca­tions in Mon­roeville, Moon, Union­town and on West Lib­erty Av­enue in Pitts­burgh that carry sev­er­al­brands be­sides Toy­ota.

The Toy­ota lo­ca­tion, on Clair­ton Boule­vard, was the only one of­fered for sale, Mr.Gan­ley said.

Day Au­to­mo­tive Group owner Deb­bie Camp­bell could not im­me­di­ately be reached for com­ment Wed­nes­day.

The ac­qui­si­tion of Day Toy­ota is Mr. Gan­ley’s first en­try into Penn­syl­va­nia. His com­pany, based in Brecksville in sub­ur­ban Cleveland and founded by his father in 1968, has about 1,800 em­ploy­ees at 33 lo­ca­tions in north­ern Ohio and onein Florida.

“I’ve­been in the busi­ness my whole life,” Mr. Gan­ley, 43, said. “As a kid, I couldn’t get enough of it. When I had days off from school I would make my dad take me to the deal­er­ship.”

He said he would be open to other ac­qui­si­tions in the Pitts­burgh re­gion, which he called a “tremen­dous mar­ket.”

Mr. Gan­ley said no cuts are planned among Day Toy­ota’s roughly 50 em­ploy­ees. “We plan to grow and hire more,” he said. “Maybe over the first year [we plan] to add con­sid­er­ably to the staff.”

Gan­ley is the 27th largest au­to­mo­tive group in the coun­try with sales of $1.5 bil­lion, ac­cord­ing to 2017 rank­ings by Au­to­mo­tive News. Day ranks No. 128 with sales of $401.4 mil­lion.

The Day ac­qui­si­tion comes on the heels of two other no­table deals in the Pitts­burgh au­to­mo­tive mar­ket last year, in­clud­ing Lithia Mo­tors’ pur­chase of Baierl Au­to­mo­tive and the ac­qui­si­tion of a ma­jor­ity own­er­ship stake in Kenny Ross Au­to­mo­tive by New York-based pri­vate eq­uity fir­mGPB Cap­i­tal.

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