Image source: Volkswagen of Murrieta
Spreen Automotive Group acquired Volkswagen of Murrieta in Murrieta, California, and its related real estate from Hendrick Automotive Group on October 19, 2026. The purchase adds Spreen’s first Volkswagen franchise and follows its previous acquisitions of Acura and Honda dealerships from Hendrick in Riverside and Corona, California, respectively. The Presidio Group, through its wholly owned investment bank, Presidio Merchant Partners LLC, served as Hendrick’s exclusive M&A advisor.
Deal Details:
Seller: Hendrick Automotive Group
Buyer: Spreen Automotive Group
Transaction Date: October 19, 2026
Acquired/Rebranded Dealership(s):
- Volkswagen of Murrieta → New name not disclosed
Advisor/Facilitator: The Presidio Group, through Presidio Merchant Partners LLC (exclusive sell-side M&A advisor)
Legal Counsel: Brian Nolen of Nolen PLLC (sell-side legal counsel); Mitchell Burger of Cliff LLP (buy-side legal counsel)
Source: www.cbtnews.com
