Ira Motor Group buys 2 AutoFair dealerships

NH Business Review Staff,

The Danvers, Mass.-based Ira Motor Group has acquired the AutoFair Toyota and Lexus dealerships of Manchester, along with AutoFair’s facility at 33 Auto Center Road in Manchester.

The transaction is expected to close in January 2006. No purchase price was announced.

David Rosenberg, Ira’s president, said the new dealerships will be the 13th and 14th overall in the Ira Motor Group and will be called Ira Lexus of Manchester and Ira Toyota of Manchester. Most employees of the Toyota and Lexus dealerships are expected to be retained by the Ira Motor Group.

AutoFair will continue to own and operate its Ford, Hyundai, and Honda dealerships, said Dan Prior, president of AutoFair.

The acquisition follows Ira’s acquisition in May of Holloway BMW , which now operates as BMW of Stratham on New Hampshire’s Seacoast. == NHBR STAFF REPORT

Categories: News

More news from NHBR:

177683682169e860d5e1d1c
Health, News

North Country Healthcare report listening sessions

North Country Healthcare on Monday, April 13, released a report summarizing feedback from a series of community listening sessions held earlier this year across the region, highlighting widespread concern about access to care, staffing and communication, along with strong support for keeping local hospitals open.

Assisted Living Facility
News, Nonprofits

Morrison Hospital Association files for bankruptcy

Morrison Hospital Association, a nonprofit senior care provider in northern New Hampshire, filed for Chapter 11 bankruptcy protection April 10, citing mounting debt — including a nearly $23 million federal loan — and lingering financial effects from the COVID-19 pandemic.

Business Mergers And Acquisitions Concept. Share Acquisition, As
Banking and Finance, News

2026 M&A market expectations

After two choppy years for dealmakers, 2026 is starting with a very different tone, one that many business owners have been waiting for. While the past few years brought tariff swings, interest rate volatility and a cautious lending environment, the fundamentals are shifting in a way that increasingly favors sellers, especially those in the lower-middle-market (LMM).