(The Gazette, By Rich Laden; Published March 3, 2014)
One of Colorado Springs’ oldest and most recognizable auto dealership groups has changed hands – but won’t change its familiar name.
The Red Noland Auto Group, which N.B. “Red” Noland founded in 1974, has been purchased by Mike Jorgensen and Thom Buckley, the auto group’s top executives who have been operating Noland’s dealerships for 15 years.
The purchase includes Red Noland Cadillac, Red Noland Infiniti, Jaguar-Land Rover Colorado Springs, Red Noland Pre-Owned Center and Red Noland Collision Center.
Terms of the deal weren’t disclosed, but it also includes the auto group’s roughly 15 acres in the Motor City auto park, along Motor City Drive, on Colorado Springs’ west side.
Noland, Jorgensen and Buckley completed the deal at the end of last month, which marked exactly 40 years since Noland came to Colorado Springs and, along with a Dallas partner, bought what was then called Silver State Cadillac. At the time, Noland had been with the Cadillac division of General Motors for 25 years, worked as a Cadillac zone manager in Dallas and become familiar with Colorado after spending time in the state skiing and flying gliders
BiggsKofford assisted both parties in reaching an agreement, and was glad to be a part of the significant transaction. We wish Red Noland continued success in the years ahead.
To read more, see the full article from the Gazette, here.