Dear Kuni customers, employees and friends:
For the past few months we have been hard at work on a transition that will shape Kuni’s future.
Today we announced that Kuni is being acquired by Holman Automotive, a family-owned company based out of Maple Shade, New Jersey. We selected Holman because we share values, and common vision around the future of the company, with a deep commitment to employees and customers.
Kuni Automotive will maintain its brand name and will be known as “Kuni Automotive, a Holman Enterprise.” The acquisition, expected to be finalized this summer, will create a bi-coastal dealer network with 33 dealerships and more than $3 billion in overall annual revenue, doubling Holman Automotive’s retail holdings.
We remain committed to doing business “the Kuni Way”. Through the acquisition, we are creating a company that is greater than the sum of its parts.
A key component of the arrangement is continuing the mission of the Wayne D. Kuni and Joan E. Kuni Foundation, Kuni Automotive’ s largest shareholder. The deal secures the Foundation’s ability to fund its work well into the future.
We are excited about this news, and look forward to a new partnership with Holman. I invite you to read more in our press release, and please let us know if you have any questions.
To learn more, Please see the Official Press Release