Business & Tech
Elmhurst Dealerships Sold To Bigger Group
The new company runs dealerships around the Chicago suburbs.
Editor's note: A previous version of this story stated McGrath Automotive Group was purchasing the Elmhurst Auto Group. The purchaser is actually McGrath Imports.
ELMHURST, IL – Elmhurst Toyota and Elmhurst BMW, both on Lake Street, are being purchased by a larger group of car dealerships, an executive confirmed Monday.
The new owner is set to be McGrath Imports, which owns dealerships in Chicago and the suburbs.
Find out what's happening in Elmhurstfor free with the latest updates from Patch.
The purchase is set to take effect Tuesday, Elmhurst BMW's general manager, Irv Shenderovsky, said in an interview.
"All employees are staying. It will be business as usual. Nothing will change but the ownership," he said.
Find out what's happening in Elmhurstfor free with the latest updates from Patch.
The local dealerships make up the Elmhurst Auto Group. They have been run by the Schiele family for decades.
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