Khoury Automotive Group acquires Waco Mitsubishi

Khoury Group has acquired Waco Mitsubishi from Douglass Automotive Group, expanding its footprint into the Texas market. The acquisition, finalized on April 30, 2026, will see the dealership continue operating under its existing name, Waco Mitsubishi, now under the management of Nick Khoury's group. Financial terms of the deal were not disclosed.

The transaction represents Khoury Group's strategic entry into the Waco automotive market, enhancing its portfolio and regional presence. Pinnacle Mergers & Acquisitions advised Douglass Automotive Group on the sell-side, marking their first collaboration with the seller. This acquisition is the fourth advisory deal Pinnacle has completed with the Khoury Group, suggesting a deepening relationship between the advising firm and the acquirer.

Adding Waco Mitsubishi to its roster allows the Khoury Group to leverage the brand appeal and customer base established by Douglass Automotive Group. This move could position Khoury competitively in the local market, potentially increasing its market share in the Texas automotive sector. Maintaining the Mitsubishi brand name also helps ensure continuity for existing customers and employees during the transition.

In the broader automotive dealership landscape, acquisitions like that of Waco Mitsubishi indicate a trend towards consolidation as companies seek to enhance their market positions and streamline operations. Douglass Automotive Group's decision to divest could reflect a strategic repositioning to focus on its core assets or markets. This wave of mergers and acquisitions in the automotive sector often signals efforts by dealers to achieve scale benefits and operational efficiencies.

Looking ahead, the transition under the Khoury Group's ownership might lead to capital investments or changes in operational strategies at Waco Mitsubishi, although specific plans have not been outlined. With regulatory clearances for such acquisitions generally straightforward, the primary focus will likely be on the integration process and potential synergies with other Khoury Group holdings.