Beaman Automotive closes sale to Hudson Automotive Group

Beaman Automotive closes sale to Hudson Automotive Group


Nashville-based Beaman Automotive Group closed its sale to Hudson Automotive Group in November, marking the end of an era for the company that called Nashville home since the early 1950s.

With the sale complete, South Carolina-based Hudson Automotive Group’s southeastern automotive empire now includes seven dealerships in the greater Nashville area and 20 total dealerships in Tennessee. 

The companies first announced the deal in July and finalized the sale on Nov. 2 for an undisclosed price. 

The sale included Beaman’s two Nashville dealerships on Broadway near downtown  and Beaman’s dealerships and real estate at its Murfreesboro and Dickson locations, according to Hudson Automotive Group CEO David Hudson. Hudson Automotive Group will lease the property located on Broadway in Nashville, which was not included in the purchase.

The transaction also included Beaman’s parts warehouse and automotive collision center, ranked the largest in the state.

Beaman Automotive Group reported annual revenues of $414.1 million in 2019, not including the value of the inventory, land and other assets purchased by Hudson Automotive Group in the deal.

Lee Beaman, Beaman Automotive Group CEO, and David Hudson, CEO of Hudson Automotive Group.

Founded in 1948 in Providence, Kentucky, Hudson Automotive Group now operates locations across seven states – Tennessee, Kentucky, Ohio, Georgia, Louisiana, North Carolina and South Carolina. The company employed more than 1,500 people before the purchase and will continue to employ more than 98% of the 450 Beaman Automotive Group employees.

Hudson intends to continue running the newly acquired properties under the successful Beaman brand.

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