Fairway Group Acquires Power GM in Calcutta
CANFIELD, Ohio – A group affiliated with the owners of Fairway Ford, based at 366 W. Main St., announced that it has acquired Power GM in Calcutta and has expanded into Columbiana County.
The new name of the Calcutta showroom is Fairway Chevrolet GMC, according to the dealership’s Facebook page.
“Welcome to Fairway Chevrolet GMC in beautiful Calcutta, Ohio,” reads a post on the company’s Facebook page. “After 24 years the Fairway Family has expanded!”
According to the Columbiana County Auditor’s website, an entity related to Fairway, Jenert Properties LLC, purchased the Power GM dealership’s building and land for $7 million. The sale was recorded April 15.
Details of the entire acquisition were not divulged.
In October, Pittsburgh-based #1 Cochran purchased the assets of Flynn Automotive Group, which included the Power GM store. According to auditor records, an entity, 15482 State LLC, purchased Power GM’s land and building for $4.3 million.
Auditor’s data show that the land and building is appraised at $3.497 million for tax purposes.
Pictured at top: Photo via Facebook | Fairway Ford.
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