D’orazio Ford Signs Purchase Agreement to Acquire South Oak Ford in Wilmington, Illinois

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D'Orazio Ford a subsidiary of Dora Holdings acquires well known Ford dealership

D’ORAZIO FORD is proud to announce that it has executed a purchase agreement to acquire South Oak Ford in Wilmington, Illinois.

D’ORAZIO FORD signed a purchase agreement to acquire South Oak Ford, Inc. located in Wilmington, Illinois. The deal is expected to close, contingent upon regulatory and manufacturer approvals, on May 25, 2012.

South Oak Ford, which is owned by Mr. Denny Guest, has been a premier FORD dealership located at 1135 South Water Street, Wilmington, for the past 25 years. Mr. Guest has been a strong-supporter of the area by providing the citizens of Wilmington, and surrounding communities, with a dealership they could count on for service, quality, and community involvement.
“I am extremely comfortable with the sale of my dealership to the new ownership, as they have a proven track-record with customer and community service. We had several interested parties, when I decided to sell my dealership. However D’ORAZIO FORD was the ideal choice for my dealer, my people, Ford Motor Company, and this community.”
-Mr. Guest.

D’ORAZIO FORD subsequently announced that it has named Edwin (Eddie) Larson as Managing Partner of the dealership.
“Eddie has been with our company for the past two years, holding a variety of management roles; I could not be more proud to announce his partnership in D’ORAZIO FORD.”
-R.J. A. D’Orazio, Chief Executive Officer of DORA Holdings, Inc.

Jim Miller will be joining Eddie’s senior management team; he was the previous President/Owner of Miller Auto Consolidated, an 18-franchise automotive new car dealer, serving the multiple cities.
“I am comfortable that we are extremely well-positioned to serve FORD and the communities, as well as have the depth in leadership team to expand our automotive dealership business significantly over the next several years.”
-R.J. A. D’Orazio, Chief Executive Officer of DORA Holdings, Inc.

Regarding the acquisition and working with Mr. Guest…
“It is really an honor to obtain a FORD franchise. They are a leading global brand; it is a great opportunity for us to be partnered with a manufacturer that is innovative, financially-strong and has a product line we consider to be best in class. In addition, to acquire one of Mr. Guest’s dealerships is somewhat a dream come true. He has built a reputation in the marketplace which is highly-regarded and we are truly appreciative of his consideration to sell us his business and leave us with a great legacy upon which to continue on with into the future.”

  • Eddie Larson, Managing Partner

About South Oak Ford, Inc.
South Oak Ford, Inc. is a premier FORD franchise serving the Wilmington, Illinois and surrounding communities for 25-years. The business is owned by Mr. Denny Guest, whom is recognized as a forward-thinking and customer-focused automotive dealership owner. The dealer has received numerous service awards over its history and has always been a strong-supporter of the local market.

D’ORAZIO FORD, Inc. was established in 2012 to act as the acquiring company of South Oak Ford, Inc. located in Wilmington Illinois. For more information on D’ORAZIO FORD, Inc. please visit http://dorazioford.com

About DORA Holdings, Inc.
DORA Holdings, Inc. is a private holding company with its principle offices in Joliet, Illinois. The company was founded in 2008 and has business operations in both retail and industrial sectors, including automotive, contract services and transportation. DORA Holdings, Inc. is a process simplification company® deploying the principles of lean 6Sigma in transactional and shop-floor processes. For more information on DORA Holdings, Inc. please visit http://www.doraholdings.com.

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Christina D’Ambrosio