Everett Completes Acquisition of Springdale Auto Dealer
by September 2, 2013 12:00 am 188 views
A deal we’d been hearing about for a couple of months is now complete.
Central Arkansas car dealer Dwight Everett has expanded his holdings in Northwest Arkansas with the purchase of Springdale Chrysler Dodge Jeep Ram at 3709 S. Thompson St. in Springdale.
Everett, through an entity called Everett CDJR Land Company LLC, paid $6 million for the dealership, according to a warranty deed filed August 27 at the Washington Co. Courthouse.
The property had been owned by the Buddy Schwartz family since 1987.
Everett, whose flagship station is in Bryant, adds to an NWA footprint that includes Everett Buick GMC in Bentonville and Everett Chevrolet in Springdale, both highly visible dealerships from Interstate 540.
The deal marks the second longtime Springdale car dealer to be bought by a central Arkansas company in recent months.
In July, Steve Smith, who owns a Buick and GMC dealership called Steve Smith Country at 6372 W. Sunset Ave., sold his property to Crain Automotive Holdings of Sherwood.
Smith opened his dealership in 1984.