Norman, home to the University of Oklahoma, is south of Oklahoma City, the state’s capital.
Chris Teape of buy-sell firm National Business Brokers in Irvine, Calif., represented Daniels in the transaction, Stephen Cavender confirmed.
Cavender Auto Family now has three Ford stores, part of its 14 dealerships across Oklahoma and Texas, plus one Polaris store. In September, the group bought six luxury dealerships in Texas.
Cavender Auto also has partnered with Julie Herrera, dealer principal of the group’s Toyota of Cedar Park store, for a Subaru open point dealership. That store, City Limits Subaru in Austin, Texas, is under construction and is expected to span nearly 90,000 square feet.
Cavender Auto Family ranks No. 57 on Automotive News‘ list of the top 150 dealership groups based in the U.S., retailing 15,609 new vehicles in 2021.