The Jim Click Automotive Team, which has owned and operated dealerships in Tucson, Arizona since 1971, announced that it has entered into a definitive agreement to sell its automotive enterprise to Gee Automotive Companies in Spokane, Wash.
Under the transaction, Gee Automotive will acquire 16 dealerships, 10 in Southern Arizona owned by Jim Click Automotive and six in Southern California owned by Tuttle-Click Automotive Group. The transaction is expected to close later this year, subject to the satisfaction of certain closing conditions.
Following the transaction, all of the dealerships are expected to continue operating under their existing names and brands and at their existing locations. Upon the closing of the transaction, current employees of the Jim Click Automotive Team and Tuttle-Click Automotive Group are expected to become part of the Gee Automotive team…