None
High bidder
Sold group: Quality Imports
Location: Fort Walton Beach, Fla.
Brands: Toyota, Mercedes-Benz, BMW, Mazda
Buyer: ZT Wealth of Houston, a private-equity/family office investor
Seller: Gerald Hollingsworth
Total paid: $80 million
Blue sky paid: $43 million
Other bids' blue sky: $25 million to $42 million
Other investment needed: To be determined; buyer committed to facility image programs at all brands
Stores' 2014 financials: $150 million-plus revenue, $6 million earnings
Monthly vehicle sales: As many as 180 new, 120 used
Source: ZT Wealth
When Gerald Hollingsworth came home from volunteer medical duty in Vietnam in 1968, he wrote to Toyota's U.S. offices praising the Toyopet he drove abroad and wondering about U.S. sales plans. Toyota's response: a franchise in Fort Walton Beach, Fla., that became the launching point for Hollingsworth's four-brand Quality Imports dealership group.
