Tarbox Toyota, a renowned Rhode Island dealership with a rich history, recently joined the Nucar Automotive Group. This acquisition marks a significant milestone for both Tarbox and Nucar, solidifying their presence in the New England automotive market. Let’s delve into the history of Tarbox Toyota and the details of this important acquisition facilitated by the Dave Cantin Group.
A Legacy of Automotive Excellence: The Tarbox Story
The Tarbox name has been synonymous with automotive service in Rhode Island for over a century. Beginning as a humble roadside stand in 1920, the Tarbox family steadily built their reputation for quality and customer satisfaction. In 1996, Ed Tarbox acquired the Toyota dealership, further cementing the family’s commitment to the automotive industry. The addition of the Hyundai dealership in 2004 broadened their reach and solidified their position as a leading automotive retailer in the region. Ed Tarbox recently celebrated 25 successful years at the helm of one of New England’s largest dealerships. 
Tarbox Toyota and Hyundai dealerships in Rhode Island.
DCD Automotive Holdings Expands with Tarbox Acquisition
In July 2021, DCD Automotive Holdings, led by Dan and Chris Dagesse, acquired Tarbox Toyota and Tarbox Hyundai. The dealerships have been rebranded as Nucar Tarbox Toyota and Nucar Tarbox Hyundai, representing the 24th and 25th locations for the growing Nucar group. This acquisition signifies Nucar’s first foray into the Rhode Island market, expanding their existing presence in Delaware, Massachusetts, and New Hampshire. For DCD, this marked their 16th acquisition of the year, exceeding their annual goal.
The Dave Cantin Group: Facilitating Seamless Automotive Acquisitions
The acquisition of Tarbox Toyota was facilitated by DCG Acquisitions, a division of the Dave Cantin Group (DCG). DCG, known for its expertise in automotive mergers and acquisitions, played a crucial role in ensuring a smooth transition for both Tarbox and DCD. Woody Woodward and John Hyland of DCG’s Eastern region spearheaded the closing of this deal. DCG’s founder and CEO, Dave Cantin, emphasized the company’s commitment to securing legacies and providing a beneficial process for all parties involved.
DCG’s Proven Track Record in Automotive Acquisitions
DCG boasts an impressive portfolio of successful acquisitions. Recent transactions include the sale of two Lexus dealerships in California to Ken Garff Automotive Group and the landmark acquisition of Curry Honda Atlanta by Lithia Motors. Other notable deals include the sale of Ron Carter Cadillac and Ron Carter Hyundai in Texas, Mercedes-Benz of Billings in Montana, and Roy Robinson Subaru. DCG’s expertise in valuation analysis and platform acquisitions makes them a leader in the automotive industry.
Tarbox Toyota: A New Chapter with Nucar
The acquisition of Tarbox Toyota by Nucar marks a new chapter for this well-established dealership. With a rich history spanning over a century, Tarbox Toyota is poised for continued success under the Nucar banner. This strategic move strengthens both companies’ positions in the competitive New England automotive market. The combination of Tarbox’s local legacy and Nucar’s expanding network promises a bright future for Tarbox Toyota and its customers.
