Bradenton auto giant acquires high-performing Tampa Toyota dealership

Bradenton-based Gettel Automotive has acquired Stadium Toyota in Tampa.

Financial terms of the deal weren’t disclosed. Ranked within the top 10% of Toyota dealerships in the U.S., Stadium Toyota was owned by the Parks and Couey families, according to a statement from Kerrigan Advisors, an auto dealership sell-side firm that consulted with the owners on the sale. Stadium Toyota is at 5088 N. Dale Mabry Highway.

Kerrigan Advisors, in the statement, says “Stadium Toyota was one of the last remaining unconsolidated Toyota points in the market, not already owned by a nationally-ranked dealership group. As a result, Stadium Toyota’s franchise value, particularly as compared to its revenue, was record-breaking.”