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Article: Black on black business: Moorehead buys Hank Aaron's Toyota Dealership.(B.E. 100s)(Thomas A. Moorehead of BMW/MINI acquires Hank Aaron Toyota)
- Article from:
- Black Enterprise
- Article date:
- February 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IN A BE 100s DEAL, BMW/MINI OF STERLING, VIRGINIA (No. 20 on the BE AUTO DEALER 100 list with $122.3 million in sales) acquired Hank Aaron Toyota in McDonough, Georgia, for $18 million. As previously reported by BLACK ENTERPRISE, Hank L. Aaron St., the Hall of Fame baseball player and longtime entrepreneur, had announced his intention to sell his automotive dealerships at the beginning of 2007.
The store will be renamed Toyota of McDonough. "Toyota, Honda, Mercedes, Lexus, BMW--those are all brands you want to have in your portfolio," boasts Thomas A. Moorehead, CEO of BMW/MINI of Sterling. "[Aaron] called me one day and said "I am seriously considering ...