Tim’s Auto Group has been bought out by Findlay Automotive Group.
The sale was finalized on Wednesday, May 10. It included Tim’s four dealerships and the properties they sit on at the intersection of Commerce Drive and Willow Creek Road in Prescott. Neither Tim’s nor Findlay wished to disclose the sale amount.
The transfer of hands took place the following day: signage was replaced and Tim’s 148 employees went through procedural steps to be hired by Findlay.
“We’re open for business, so there really isn’t a lot of transition on the public scene,” said Tyler Corder, chief financial officer for Findlay Automotive Group.
Tim Coury, who started growing Tim’s Auto Group in Prescott in 1983, said he decided to sell the business as a means of exploring other options in his life.
“I was looking to retire and maybe look into another venture,” Coury said. “We found a great automotive group to take on the reputation of the company and to take care of the great mass of employees.”
Though there were other potential buyers showing interest in the business, Coury favored Findlay.
“Culturally, Findlay fit his (Coury’s) mindset, which is just kind of old school,” said Christopher Kottke of Kottke Law Firm, who helped broker the deal.
Findlay’s motivation for absorbing the business was simple.
“Outside looking in, we’ve always really loved the city of Prescott and surrounding towns and wanted to be a part of it,” said Robbie Findlay, director of operations for Findlay Automotive Group. “When this opportunity came up with some great franchises, it was really a no brainer for us.”
Findlay Automotive Group is a family-owned company that, until Wednesday, had 28 dealerships throughout the western United States — several of which are in Flagstaff and Bullhead City. With the addition of Tim’s Auto Group, it now has 32 dealerships.
Robbie Hinshaw, who was Tim’s Auto Group’s general manager, will continue to serve in a managerial position locally, but will now share the responsibility with two of Findlay Automotive Group’s internal employees, Jamaal McCoy and Michael Hoyt.
In addition to keeping what was already in place, Findlay said they will be moving forward with Tim’s Auto Group’s plan to expand its Subaru dealership.
“We’re planning on breaking ground in the next few months,” Findlay said.
As the success of Tim’s grew over the years, so did its commitment to the Prescott community through charitable donations and community engagement.
Known for similar practices in its other locations, Findlay Automotive Group intends to carry this behavior forward in Prescott.
“I think we’ll take what Tim has done and even maybe try to go further and come up with new ideas,” Corder said.