Andy Guelcher on April 29 acquired Cadillac of Englewood Cliffs in New Jersey. The acquisition fulfilled two of Guelcher’s longtime goals: to own a Cadillac store and to go into business with a longtime friend.
“I’ve tried to purchase other Cadillac stores to no avail,” Guelcher told WardsAuto on a Zoom call, “so this is something I’ve kind of been on the hunt for.”
He partnered with a good friend since college (and the best man at Guelcher’s wedding), Jonathan Williams, to buy the store. Williams, who works in private equity but invested in the dealership as an individual, is a minority partner and won’t be involved in running the store, Guelcher said…