The Holman Automotive Group: Building Success by Investing in

The Holman Automotive Group: Building Success by Investing in Our People, Our Customers and Our Community The Early Years: Rice & Holman Holman Automotive was founded in 1924, when Steward C. Holman signed a contract with Ford Motor Company to become the area dealer in Merchantville, New Jersey. He was financed by his partner, Charles M. Rice of Lewiston, Pennsylvania. The dealership, which sold the Model T, Model A, and the first V-­‐8 models on the market, was named Rice & Holman Ford. Today, the Holman Automotive Group consists of more than 25 different operating companies, including multiple automotive dealerships, an auto retail finance company, an auto parts distributorship, a specialized truck up-­‐fitting business, and the largest privately-­‐owned fleet management company in North America. From the very beginning, Steward Holman operated with a simple mission: to provide the industry’s best automotive Company Milestones related services by training, empowering and rewarding exceptional people; to earn the loyalty and exceed the 1924: Rice & Holman open in expectations of every customer; and to give back to the Merchantville, NJ communities that supported the company’s success. This 1939: Rice & Holman assume the simple yet important philosophy not only helped steer the area distributorship for Lincoln-­‐
business and shape the company as it grew over the years, it Mercury, operating initially at continues to serve as the company’s foundation to this very Holman’s Maple Avenue location in Pennsauken, NJ and eventually day. moving to Camden and opening as Merlin Motor Co. After a solid and profitable beginning, the 1930s and 1940s 1939: Rice & Holman Ford begin became a time of growth and diversification for the company. remanufacturing Ford engines The success enjoyed by the initial Rice & Holman dealership and transmissions led to new opportunities, including a Lincoln-­‐Mercury distributorship, which opened in 1939, and the creation of 1946: Responding to growing success and increased demand, Reconditioned Motors and Parts (RMP), an authorized Ford Steward Holman opens remanufacturer, in 1946. Reconditioned Motors and Parts (RMP), an authorized Ford The company established what would become its Southern remanufacturer, in Pennsauken Florida operations with the opening of a Lincoln-­‐Mercury 1947: Holman Automotive dealership in Fort Lauderdale, Florida in 1947. And the expands its operations south following year, after being approached by Ford with a request with the opening of a Lincoln-­‐
to lease and service a fleet of vehicles for the RCA Corporation, Mercury dealership in Fort Lauderdale, FL the company formed Automotive Rentals, Inc. – the forerunner to ARI – and carved out a space for the new subsidiary in a corner of its Rice & Holman showroom in Pennsauken, New Jersey. The company continued to grow throughout the 1950s and 1960s, with new dealerships opening in both New Jersey and Florida. The company also created R&H Management during this time to help oversee the organization’s increasingly diverse operations and R&H Leasing to support the increased need for consumer financial services. Similar financial operations were opened throughout Southern Florida in the early 1960s. The 1970s & 1980s: Expanding into New Markets and New Territories In the 1970s and 1980s, the company continued to experience success and expand into new markets and new territories. RMP saw its sales and operational capacity increase through the acquisition of several remanufacturing companies. In 1972, faced with continued diversification and opportunity for growth, the company decided to pursue a corporate reorganization which resulted in R&H Management becoming Holman Enterprises. Later in that decade, the company added new dealerships in Southern Florida and completed construction on a new state-­‐of-­‐the-­‐art facility for ARI. The 1980s found the company entering a new market segment when it added Lauderdale Imports, Ltd., a Rolls Royce/Bentley dealership, to its line up in 1985. The company also continued to open new dealerships in both New Jersey and Florida throughout the rest of the decade. Both RMP and ARI also grew during this time as well, with RMP acquiring new business territories in Ohio and Michigan, and ARI diversifying its lines of business by adding a specialized custom upfitter, Fleet Body Equipment (FBE), to its family of companies. ARI also expanded outside the United States for the first time when it acquired Lend Lease Cars, Inc., a Canadian company, in 1989. Company Milestones (continued) 1948: Responding to a request from Ford Motor Company and the RCA Corporation, Rice & Holman Ford create a subsidiary named Automotive Rentals, Inc. to lease and rent fleet vehicles to companies and corporations The Early 1950s: An additional Lincoln-­‐Mercury dealership opens in Hollywood, FL and R&H Management is formed The Late 1950s and Early 1960s: Dealership expansion continues in Florida and New Jersey and R&H Leasing is formed to support growing business operations 1970: RMP acquires several remanufacturing companies in Massachusetts, Maryland and the Delaware Valley (PA/NJ) 1972: R&H Management becomes Holman Enterprises 1974: Holman Enterprises opens a new Lincoln-­‐Mercury dealership in Pompano Beach, FL 1979: ARI completes construction and moves into a new state-­‐of-­‐the-­‐art facility in Maple Shade, NJ Company Milestones (continued) The Early 1980s: RMP acquires new territory in Ohio and Michigan. 1982: ARI acquires Fleet Body Equipment, a custom upfitting company in Kansas City, MO 1985: Holman Enterprises enters the high end luxury auto market with Lauderdale Imports, Ltd., a Rolls Royce/Bentley dealership 1985: The company opens a Lincoln-­‐Mercury dealership in Stratford, NJ 1988: The company opens a Lincoln-­‐Mercury dealership in Margate, FL 1989: ARI enters the Canadian market with the acquisition of Lend Lease Cars, Inc. 1990: Holman Leasing opens in Pennsauken, New Jersey and South Florida Leasing opens in Fort Lauderdale, FL 1990: ARI moves into a newer, larger facility in Mount Laurel, NJ 1991: Saturn of Mount Laurel opens 1991: Holman Infiniti of Maple Shade opens 1991: Lauderdale Imports, Ltd./BMW opens 1993: Saturn of Turnersville opens 1995: ARI now employs more than 900 individuals and has two locations in Mount Laurel and one in Maple Shade, NJ 1996: Saturn of English Creek (New Jersey) opens The 1990s & 2000s: The Holman Family of Companies Remains Strong through Changing Times The 1990s and the 2000s were a time of great change both in the automotive industry and for the Holman family of companies. Yet, throughout it all, the company remained true to the principles upon which Steward Holman founded the company in 1924 and continued to grow and thrive throughout these two decades. At the corporate level, the leasing operations had grown substantially enough that they were reorganized into two central locations for greater efficiency: Holman Leasing in Pennsauken and South Florida Leasing in Fort Lauderdale. ARI also continued to grow, becoming the third largest fleet management company by 1995, employing more than 900 employees. And, while the 1990s saw RMP exit the remanufacturing business, the company continued to successfully operate a thriving parts distribution business. The 1990s also saw the dealership side of the business prosper and thrive, with several new brands added to the Holman family of companies, including Saturn, Infiniti, and BMW, and new dealership locations for the existing family of brands – Ford and Lincoln-­‐Mercury – in both New Jersey and Florida. The new millennium brought even more growth for the Holman organization. FBE expanded its operations and opened a second location in Fort Worth, Texas in 2000. The early part of the new decade also saw growth on the dealership side of the organization with the addition of Lauderdale MINI and a Honda franchise the following year, also in Fort Lauderdale. The addition of a Volvo franchise in Margate, Florida soon followed. During the middle years of the decade, Holman aggressively expanded its footprint in both South Jersey and Florida through several strategic dealership acquisitions. In 2007, the company acquired DeSimone BMW and Cadillac in Mount Laurel, New Jersey, later changing the names to BMW of Mount Laurel and Holman Cadillac respectively. Also in 2007, the company acquired a Ford dealership in Florida and merged it with the existing Lincoln-­‐Mercury dealership in Pompano. Cherry Hill Toyota – Scion was acquired in 2008 and subsequently moved to a new facility in Mount Laurel with the new name of Holman Toyota – Scion. Also in 2008, Holman Ford in Mount Laurel and Holman Lincoln-­‐Mercury in Maple Shade merged operations at the Maple Shade location. This continued growth led the organization to rename itself Holman Enterprises in 2008 so as to better reflect all of the different companies and operations that made up the company. The end of the decade found new dealerships opening in Southern Florida and yet another new brand joining the Holman family of companies: Audi. In fact, changes were happening across the company at that time. RMP acquired Dealers Engine Sales, a similar Ford Authorized Distributor in December of Company 2009, which substantially Milestones
increased their sales territory substantially and ARI (continued) purchased a 177,000 sq. ft. office building in Mount Laurel 1998: Holman Ford of to serve as their new global headquarters. Turnersville (New Jersey) opens and the Lincoln-­‐Mercury dealership located in Stratford, 2010 and Beyond: Building upon Steward Holman’s Legacy in the US and Across the Globe Holman Enterprises entered the second decade of the new millennium positioned for continued success. To honor the company’s founder and acknowledge the continued growth of the company, Holman Leasing started operating under the trade name of Steward Financial Services in 2010. Additionally, in December 2010, ARI acquired the assets of Auto Truck Group, headquartered in Bartlett, Illinois. The acquisition of such a well-­‐regarded and recognized upfitting company gave ARI the resources it needed to excel in serving the complex fleet market where customized solutions are necessary. Shortly afterward, Fleet Body Equipment began operating under the Auto Truck name. December 2010 was a time of transition as well, however, as the Mercury brand was phased out and Ford Motor Company refocused its marketing and engineering efforts on the Ford and Lincoln brands. While the Holman family of brands marked this transition with a note of genuine sadness having represented the Mercury brand for many, many years, the company remained encouraged and committed to the new direction defined by Ford leadership. The following year was a banner year for the company as ARI expanded “across the pond” with its acquisition of the UK-­‐based Fleet Support Group based in Chippenham, England. Renamed ARI Fleet UK, this marked the start of New Jersey is transferred to Turnersville 1999: Construction on a new facility to house Pines Lincoln-­‐
Mercury in Pembroke Pines, Florida is completed 2000: FBE opens a second location in Fort Worth, TX 2002: Lauderdale MINI opens, sharing a facility with Lauderdale Imports, Ltd./BMW 2003: Holman opens its first Honda franchise in Fort Lauderdale, FL 2004: Lauderdale Imports, Ltd./BMW expands into a second location in Pembroke Pines, FL 2004: Holman acquires a Volvo franchise and couples it with its existing Lincoln-­‐Mercury franchise in Margate, FL 2007: Holman acquires DeSimone BMW and Cadillac in Mount Laurel, NJ ARI’s expansion into Europe. This same year saw a new Aston Martin franchise awarded to Holman. BR AT ING
The new brand, which joined the company’s Rolls CELE
Royce/Bentley dealership, holds great promise and offers significant potential for growth. Additionally, the company’s first New Jersey MINI dealership opened in Mount Laurel. Even more notable, however, 2011 marked the first since
year that the Holman family of companies saw its first $1 million campaign in support of the United Way. This remarkable milestone reaffirmed the company’s commitment to the core principles upon Company which it M
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as founded and emphasized its continued focus on giving back to the (continued) communities that supported its success. The company has been proud to be able to support the United Way with $1 2007: Holman acquires an million-­‐plus campaigns in the years that have followed that additional Ford dealership in Southern Florida and merges it landmark year as well. with the existing Lincoln-­‐Mercury dealership in Pompano ARI continued its growth in 2013, opening an office in 2008: The company acquires Hong Kong and expanding its global operations to more Cherry Hill Toyota-­‐ Scion and than 15 European countries through the acquisition of two moves it to a new facility in Mount companies: Fleetlevel+ and HPI Fleet, which merged under Laurel the name ARI Fleet Germany. The company now has more 2008: Holman Ford and Holman than 2,800 employees worldwide and celebrated the Lincoln-­‐Mercury merge operations milestone of managing more than one million vehicles in North America. ARI is also proud to have been named to 2008: Holman Enterprises is renamed Holman Automotive Fortune's "100 Best Places to Work For" list in 2013, 2014 Group, Inc. and 2015. The publication noted the company’s family-­‐like culture and available opportunities for employee 2009: RMP acquires Dealers development and growth. In 2015, ARI was also recognized Engine Sales by Fortune magazine and The Great Places to Work 2009: Audi Pembroke Pines opens institute as one of the top places to work for millennials. 2010: Lauderdale Infiniti opens In 2015, the company positioned itself for continued 2010: Holman Leasing starts success and expansion with the announcement of the ONE operating under the trade name of Steward Financial Services Holman initiative. This allowed the company to leverage its talent, resources and knowledge across all of its lines of 2010: ARI acquires AutoTruck business, which in turn allowed it to become an even more Group flexible and dynamic organization. The company also 2011: MINI of Mount Laurel opens rebranded RMP, changing its name to Holman Parts 2011: ARI expands in the UK by Distribution and refocusing its approach to the market acquiring Fleet Support Group with an eye towards OEM parts distribution and large fleets. On the dealership side, Holman expanded its geographic foot print into Pennsylvania with the acquisition of Audi Willow Grove, and north into central New Jersey with Princeton BMW and Princeton MINI. During the past nine decades the Holman family of businesses has established a record of successful growth. 1924
Company Milestones (continued) 2011: Holman opens a new Aston Martin franchise in Florida 2011: Holman marks its first $1 million campaign in support of the United Way 2013: ARI continues its global expansion by opening offices in Hong Kong and acquiring two different companies, bringing them together as ARI Germany 2013, 2014 & 2015: ARI named to Fortune’s “100 Best Places to Work For” list 2014: Holman celebrates 90 years in business 2015: Company announces the ONE Holman initiative and names Joseph Holman Chairman Emeritus, Mindy Holman Chairman, Carl Ortell CEO, and Brian Bates COO 2015: RMP renamed Holman Parts Distribution 2015: ARI named to Fortune’s inaugural 100 Best Workplaces for Millennials in the US listing 2015: Holman acquires Audi Willow Grove, expanding the company’s footprint into Pennsylvania, as well as Princeton BMW and Princeton MINI The company’s expansion is partially due to the strategic changes it has made along the way, some by the addition of brands and dealerships, others by the sale or consolidation of current businesses, but all in the interest of producing future growth for the company, our employees and our customers. Holman Automotive has been dedicated to providing outstanding service to its customers for more than 90 years. Now into the fourth generation of family leadership, the Holman Automotive Group is poised to continue its suc
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me. Holman Automotive Group
Current Operations
New Jersey Dealership Operations
Holman Ford Lincoln Maple Shade
Holman Ford Lincoln, Turnersville
Holman Infiniti
Holman Cadillac
Holman Toyota - Scion
BMW of Mt. Laurel
MINI of Mt. Laurel
BMW of Princeton
MINI of Princeton
Steward Financial Services
Pennsylvania Dealership Operations
Audi Willow Grove
Florida Dealership Operations
Aston Martin Ft. Lauderdale
Pompano Ford Lincoln
Margate Lincoln
Margate Volvo
Lauderdale Imports, Ltd. / Rolls Royce Motorcars Ft. Lauderdale
Bentley, Ft. Lauderdale
Holman Honda of Ft. Lauderdale
Lauderdale Imports, Ltd. / BMW
Lauderdale MINI
Lauderdale BMW of Pembroke Pines
Audi Pembroke Pines
Lauderdale Infiniti
Holman Parts Distribution
Holman Parts Distribution, Pennsauken, NJ
with warehouses in
Jessup, MD
Northborough, MA
Pittsburgh, PA
Detroit, MI
Syracuse, NY
Indianapolis, IN
ARI
ARI, Mount Laurel, NJ
ARI Canada, Mississauga, Ontario
ARIZA, Tlalnepantla, Mexico
ARI Fleet UK, Chippenham, England
ARI Germany, Stuttgart and Frankfurt, Germany
Auto Truck Group, LLC
Bartlett, IL (Headquarters)
Colorado Springs, CO
Denver, CO
Fort Wayne, IN
Fort Worth, TX
Huntington, IN
Kansas City, MO
Louisville, KY
Maple Shade, NJ
Saint Louis, MO
Toronto, ON