“Success breeds success. The more successful we are, the more opportunities arise for us as far as people coming to us wanting to sell their business. We absolutely do not jump at every opportunity.”
The latest doubling in size occurred earlier this year with the acquisition of five Sullivan's Goodyear Tire locations in Maryland — in Clinton, Fort Washington, North Waldorf, South Waldorf and La Plata.
Wiygul Automotive declined to reveal the purchase price or the stores' annual combined revenue, but Mr. Wiygul said the dealership bought the chain from majority owner Clark Crawford, who was an absentee owner and didn't advertise. John Sullivan opened the dealership in the early 1980s, he said.
“We absolutely saw room for improvement, otherwise we wouldn't have bought it. We think we can build on what they had,” Mr. Wiygul said.
“My brother and I are ambitious, and we are eager to build this company,” Mr. Wiygul said. “Unlike some of our competitors who have grown maybe a little too quick, we are interested in sustainable growth. We own the real estate at almost all of our locations. We are not for sale. We've been doing this for decades and we are interested in doing it another 40 years at least. So we are here to stay….