Dimmitt Automotive Group acquires Cycle Springs Powersports
Viking Mergers & Acquisitions recently announced the acquisition of Cycle Springs Powersports in Clearwater, Fla., by The Dimmitt Automotive Group.
Cycle Springs Powersports has delivered powersports and marine products to the Tampa Bay community for over 30 years. Cycle Springs Powersports is an authorized dealer for many marine and powersport brands which include Yamaha, Scarab, Kawasaki, Suzuki, Polaris, Slingshot, Sea-Doo, Segway and Kymco.
The Dimmitt Automotive Group serving the Florida Gulf Coast since 1924, acquired Cycle Springs Powersports as the group’s newest location in Clearwater.
“The team at Viking Mergers & Acquisitions were professional and extremely hardworking throughout this transaction,” said Dimmitt Automotive Group’s Chief Executive Officer, Scott Larguier, and Co-President, Peter Dimmit. “Tripp, Christian, Larry and their entire team were competent, helpful, and easy to work with. We would highly recommend Viking Mergers and Acquisitions.”
“What a great team Viking has. Tripp, Christian, Max and Jacob are the future of America, and they give us hope in our Nation’s continued success,” Cycle Springs Powersports’ President, Marty Skapik and CEO, Noel Hughes said. “Their team stuck to their word and did what they said they were going to do. We were very pleased with the transaction and feel that Viking found the best buyer for our business.”
Larry Lawson II, Larry (Tripp) Lawson III, and Christian Aunspaugh of Viking Mergers & Acquisitions, Florida Division, assisted as the lead advisors and Jacob Middleton and Max Roix assisted as associate advisors on the transaction.
“It is a compliment to Viking to have been selected to lead and structure this successful transaction between Cycle Spring Powersports and The Dimmitt Automotive Group,” said Viking Mergers & Acquisitions Florida Division, President, Larry Lawson II. “Our team was intricate to the introduction between the two parties, assisting them through the offer stage, coordinating due diligence, finalizing OEM approvals and the transaction. Having prior experience with both parties and their legal counsel, Robert Bass and Mike McKenzie, allowed myself and the Viking team to navigate this transaction appropriately for all parties. Seeing Cycle Springs Powersports and Dimmit Automotive Group achieve their end goal of completing a successful transaction to continue their legacy has truly been rewarding. Congratulations to the members of the Viking team on another successful closing in the marine, powersport and automotive industries and thank you to my partners Larry (Tripp) Lawson III and Christian Aunspaugh for your leadership with bringing this transaction across the finish line.”
