About the Transaction
Towne Automotive Group (“Towne”) (www.towneauto.com) is a premier family-owned and operated auto dealership in Western New York. Founded in 1969, Towne has grown from a single dealership in Orchard Park, New York to a trusted and respected name, not only across the Greater Buffalo-Niagara Region, but throughout the automotive industry. Towne also offers a top-notch service department and prides itself on treating customers, as well as their hundreds of employees, like family. The company’s tag line, “We Love Our Towne”, reflects company pride and a commitment to community.
Frank Downing, President and CEO of Towne, will continue as Owner/Operator of the family-owned company, with dealerships in Orchard Park, Hamburg, and North Collins, where it will continue to provide brands such as Ford, Hyundai, Mazda, Chrysler, Dodge, Jeep, Ram, and Chevrolet.
Frank Downing commented on the sale of Towne’s BMW, MINI, Volkswagen and Audi dealerships:
We recently started to consider strategically simplifying our business structure. This move will allow us to continue to serve the Western New York Community and our customers from our Southtowns locations in Orchard Park, Hamburg and North Collins. We are dedicated to treating our loyal customers and our over 300 employees like family. We will continue to operate as we always have over the past 50 years with integrity, professionalism and a focus on customer service and the community.
For additional information regarding this transaction, please contact the Paramax deal team.
