Alderson Luxury Car Dealerships Bought Out by Cavender Auto
Alderson Luxury Car dealerships in Midland and Lubbock will soon be getting new ownership.
According to the Midland Reporter-Telegram, the Alderson dealership on Andrews Hwy in Midland will soon be getting a new name.
The Cavender Auto Family out of San Antonio has bought the Alderson Automotive Group in Midland and Lubbock.
Cavender Auto Family will keep all 230 employees of Alderson and rebrand the dealerships with the Cavender name.
“The Alderson Auto Group has a 72-year tradition of automotive excellence in the Luxury Automotive space,” said Stephen Cavender. “David Alderson has been a family friend of ours for over 25 years. His care and contributions to his community, his customers and his associates mirror the very values that have built the Cavender Auto Family’s success over the last 81 years. We are excited to carry on this fine tradition, serve this vibrant community and welcome the Alderson associates to the Cavender Auto Family.”
The company will take over the Midland dealership along with all of the dealerships in Lubbock.
“When I made the decision that it was time to transition our family of dealerships to another family, there were two or three Texas car dealer families that I would consider. I couldn’t ask for a better family than the Cavender family to carry on what we have done for 72 years in West Texas and Eastern New Mexico,” said David Alderson. “They are committed to the community, they are philanthropic. The Alderson family has a long tradition of giving back to the communities that have blessed us so much and I know that the Cavender family will do the same with our dealerships and associates.”
The dealerships will begin to transition the name this summer.