After nearly 50 years of family ownership, the Albany, N.Y.-area Mangino Chevrolet of Amsterdam and Mangino Buick GMC of Ballston Spa will be acquired by Georgica Auto Holdings, according to a press release issued by Dave Cantin Group, a buy-sell advisory firm representing the Mangino family.

Georgica now operates 25 franchises in New York, New Jersey, Pennsylvania and Connecticut. Executives say the new owners plan to retain the dealerships’ names as well as their longtime operator, Mike Coffey, who is wed to second-generation owner Tina Mangino-Coffey.

“Our work with the Mangino family didn’t begin with a decision to sell. It began with a conversation about what they wanted for their family and for a business they had spent nearly 50 years building,” writes Talon Fee, managing director of DCG. “We helped them consider the options, determine the right path and then find a buyer who recognized the value of the business, its people and the Mangino name.”

Read more at Dave Cantin Group