Agere Automotive buys Audi Tri-Cities in second dealership acquisition

Agere Automotive has acquired Audi Tri-Cities in Richland, Washington, pairing it with BMW of Tri-Cities to build a dual-brand luxury platform in the Tri-Cities. The deal expands the Bellevue-based company’s selective growth strategy and long-term regional commitment, while financial terms were not disclosed.

Why it matters: - The acquisition gives Agere Automotive a two-brand luxury footprint in the Tri-Cities market. - The move deepens Agere Automotive’s presence in Washington state and expands its dealership operating platform. - The transaction reflects a broader succession-focused model for luxury dealers that aims to preserve local identity while adding centralized ownership support.

What happened: - Agere Automotive acquired Audi Tri-Cities in Richland, Washington. - The purchase is Agere Automotive’s second dealership acquisition. - The deal pairs Audi Tri-Cities with BMW of Tri-Cities under the same ownership platform. - Agere Automotive described the acquisition as part of its selective growth strategy and long-term commitment to the Tri-Cities. - Financial terms were not disclosed.

The details: - Audi Tri-Cities sells new Audi vehicles, certified pre-owned vehicles, other previously owned vehicles, financing, factory-authorized service and genuine Audi parts. - Agere Automotive said both dealerships will keep their individual identities, manufacturer standards and customer experience. - The close proximity of BMW of Tri-Cities and Audi Tri-Cities creates opportunities to share expertise in financial management, employee development, digital marketing, customer retention, fixed operations and manufacturer relations. - Agere Automotive is based in Bellevue, Washington. - The company was founded by automotive veteran Kjell D. Schei. - Schei said BMW of Tri-Cities established Agere Automotive’s foundation and Audi Tri-Cities expands that base with another luxury brand and a strong position in a market with long-term potential. - Schei said Audi was the first dealership brand he worked for when he entered the auto business as a lot attendant. - His career spans nearly three decades and includes roles as general manager, dealer principal, vice president of operations and partner. - Schei has held leadership positions with Barrier Motors, BMW of Bellevue, Porsche Bellevue and Porsche Irvine. - Agere Automotive says it was created to offer luxury dealership owners an owner-focused succession alternative that preserves what works while investing for future growth. - The company says its approach emphasizes protecting people, culture, customer relationships and operating strengths, backed by experienced leadership and disciplined investment. - The company’s name comes from the Latin word meaning “to drive.”

Between the lines: - The Audi purchase adds a personal dimension for Schei, who is returning to the brand where his automotive career began. - The acquisition signals that Agere Automotive is not trying to rapidly scale across markets; it is targeting selected luxury dealerships with room for long-term operational support. - The platform approach suggests Agere Automotive wants to combine back-office efficiencies with brand-specific retail execution. - The emphasis on succession and legacy positions Agere Automotive as an alternative to conventional dealership exits.

What's next: - Agere Automotive said it will continue evaluating additional luxury dealership opportunities. - The company intends to keep building its network through selective, long-term acquisitions. - BMW of Tri-Cities and Audi Tri-Cities are expected to operate as distinct brands under one ownership structure. - Agere Automotive plans to keep investing in employee development, community commitment and disciplined operations as it grows.

The bottom line: - Agere Automotive is building a luxury dealership platform one market at a time, with Audi Tri-Cities now joining BMW of Tri-Cities in the Tri-Cities region.