The Stewart Companies Announces Agreement to Sell Apple Automotive to Ciocca Dealerships
The Stewart Companies, a family-owned company based in York County, PA, that encompasses businesses across the building products, construction and real estate industries, has reached an agreement to sell their automotive division, Apple Automotive, to Ciocca Dealerships. The agreement will move through the required review and approval processes with the final transaction expected to be completed in February 2024.
As part of the agreement, Ciocca Dealerships, a family-owned company that specializes in the automotive industry operating 42 dealerships and 12 collision centers that represent 25 automotive brands across Pennsylvania and New Jersey, is fully committed to maintaining continuity across the full scope of Apple Automotive operations. Apple Automotive encompasses 10 auto dealerships across York County, representing 10 automotive brand franchises as well as two used auto dealerships, six collision centers, two car washes and a wholesale parts business.
“For over 85 years, The Stewart Companies’ approach to doing business has been guided by a commitment to create meaningful positive impacts in the lives of our employees, customers, and communities. This commitment includes supporting our family of companies and the teams that make them great by empowering each organization with the vital resources that are needed to succeed both now and into the future,” said David Stewart, CEO of The Stewart Companies. “Apple Automotive is a thriving company and has been an important part of The Stewart Companies’ legacy and the communities we proudly serve across Central PA since its founding more than 45 years ago. This strategic transition will set the company up for continued success long into the future.”
“Ciocca Dealerships is honored to steward the Apple Automotive legacy into the future. We take seriously our responsibility to continue to deliver the same level of service excellence customers count on from Apple Automotive and look forward to championing the company’s continued efforts to support the communities it serves,” shared Gregg Ciocca, owner and founder of Ciocca Dealerships.
The Stewart Companies’ decision to transition ownership of the automotive division is part of a long-range strategic effort focused on further expanding the Company’s building products, construction and real estate businesses, while ensuring a thriving future for Apple Automotive.
“Choosing the right partner to lead Apple Automotive into the future was at the heart of the strategic evaluation process every step of the way. Ciocca Dealerships is a family-owned company that shares many of the same family business values that guide The Stewart Companies’ commitments to serving our team, customers, and communities,” said Stewart. “The Stewart Companies’ strategic approach to company evolution is rooted in empowering long-term success for our companies and teams in order to best serve our customers and communities. This transition is the right path to ensure success for that business and to power The Stewart Companies’ continued growth across our building products, construction and real estate businesses for many generations to come.”
About The Stewart Companies
Founded in 1935, The Stewart Companies is a multi-generation, family-owned company based in York County, PA that encompasses businesses across the building products, construction and real estate industries. The company focuses on building long-term relationships with customers driven by a commitment to delivering superior value and experiences, and is dedicated to taking an active role in supporting the communities it serves. For additional information on The Stewart Companies, visit www.stewartcompanies.com.
About Ciocca Dealerships
Ciocca Dealerships is a family-owned and operated automotive conglomerate with a presence spanning across 42 dealerships and 12 collision centers. The organization proudly represent 25 distinct automotive brands in both Pennsylvania and New Jersey. The inception of Ciocca Dealerships can be traced back over four decades when its founder and CEO, Gregg Ciocca, sold his first car for a modest $700 out of his mother’s garage. Over the years, the group has flourished into a major player in the industry, generating a substantial $2 billion in sales and providing employment to a workforce of over 2,000 dedicated associates.
This growth has allowed the organization to establish an extensive network of community support, actively contributing to the betterment of communities in both Pennsylvania and New Jersey. To gain more insights into their operations and their commitment to their communities, you can visit their website at www.cioccadealerships.com .