Darwish, formerly a minority spouse in a New Jersey Audi dealership and a system supervisor for Napleton Automotive Group, said that following entering into an arrangement with Fuccillo in August 2020, he ran into various delays. His lawyer’s business shut down due to the fact of COVID-19, and Darwish contracted the condition.
“I practically died,” he told Automotive Information. “I was in the healthcare facility for 19 times.”
Darwish said he was on oxygen for two months but recovered. Then in June 2021, Fuccillo Automotive CEO Billy Fuccillo Sr. died.
Darwish stated he experienced minor rest about those people 20 months as he worked to meet up with with various producers and banking institutions to wrap up the deal.
He now has a personnel of much more than 400 people, whom Darwish explained as “incredibly excellent personnel.”
“The personnel that came alongside with this offer is impressive,” he claimed. “The group is a incredible group.”
Fuccillo Automotive Team just a several many years back boasted far more than 20 dealerships, but it has sold many shops in the past 12 months-moreover. In early 2021, the group bought 5 New York dealerships to Matthews Automobile Group. Then in March 2021, it bought two Kia dealerships in Florida to LMP Automotive Holdings Inc. In August previous 12 months, it sold a Nissan dealership in Clearwater, Fla., to Morgan Automotive Team.
Billy Fuccillo Jr., president of the Fuccillo group, didn’t answer to requests for remark from Automotive News. The group’s web page still lists seven franchised rooftops in New York.
Two of Fuccillo Automotive’s Normal Motors dealerships in New York closed close to the time of the Darwish transaction: Fuccillo Chevrolet-Buick at the Vehicle Mall in Adams and Fuccillo Chevrolet of Nelliston. A GM spokesman confirmed the franchises were terminated in late April and early May well. As element of his transaction, Darwish purchased the true estate for both locations.
He plans to use the web pages as made use of-vehicle stores and hopes to implement to reopen the Chevrolet shop in Adams.
Darwish, 50, who explained he is a college or university dropout, has wanted to individual a car dealership considering that he was 21.
“I sacrificed every thing to get below,” he explained. “I risked anything to get listed here.”
And he wants more. Darwish reported he wants by year’s conclude to seem for extra dealerships to obtain, as he hopes to very own 90-in addition stores in the following 7 yrs.
“At the time I get going, I want to retain going,” he mentioned.
Bob Morris with Tim Lamb Team, a obtain-market company in Columbus, Ohio, represented the vendor in the transaction, Darwish claimed.