WAPPINGERS FALLS, N.Y., September 06, 2025 — The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Chris Turner on the sale of Mid-Hudson Subaru in Wappingers Falls, N.Y., to VIP Automotive Group.
The transaction was finalized Sept. 4 and included all dealership real estate.
“It has been a privilege to serve the Wappingers Falls community for many years. I am confident that Joel Sporn and VIP Automotive Group will continue to provide outstanding service to our customers and a rewarding workplace for our employees,” Turner said. “I can’t thank the Presidio team enough for their strategic advice leading up to this divestiture and their stellar guidance through the transaction process.”
VIP Automotive Group, which had operated eight dealership locations on Long Island and in New Jersey, adds its third Subaru store with the transaction. VIP plans to expand Mid-Hudson Subaru’s service shop and parking capacity.
“We are excited to welcome Mid-Hudson Subaru to the VIP Automotive family and to expand our already strong ties to the top-notch Subaru brand,” VIP owner Joel Sporn said. “Our team looks forward to building on the dealership’s strong reputation and investing in the facility to better serve our customers and the community. This transaction went smoothly thanks to the professionalism and deep expertise of The Presidio Group.”
The Mid-Hudson Subaru sale is the third transaction involving a Subaru dealership facilitated by Presidio this year. The brand is among the industry’s most desirable, according to the Presidio Dealer Direction Survey.
“With the brand’s new-vehicle sales soaring over the last decade, demand is high among