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Benzinga

Business

Shivani Kumaresan

Sonic Automotive Acquires Sun Chevrolet In New York

Sonic Automotive New York SAH (Organization) David Smith NYSE

Sonic Automotive Inc (NYSE:SAH) has acquired Sun Chevrolet in Chittenango, New York, for an undisclosed sum. Joe Caputo founded the dealership in 1979.
Joe Caputo's son Todd Caputo remains with the company and has taken a leadership position with EchoPark Automotive and the company's delivery center model expansion.
"The culture that Joe and Todd Caputo built at Sun Chevrolet aligns with the guest and teammate experience standards we set forth at Sonic Automotive, making the team a perfect addition to our company," said David Smith, CEO of Sonic Automotive and EchoPark Automotive.
Sun Chevrolet is located at 104 W. Genesee Court, Chittenango, New York.
Price Action: SAH shares closed lower by 1.01% at $48.19 on Friday.

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