A major automotive retail transaction closed in Southern Maryland as Brandon Steven Motors acquired a 12-dealership portfolio for nearly 500 million dollars.
CBRE announced the sale on April 15 2026. The deal included dealership operations owned real estate and the assumption of select property leases. CBRE’s James Mitchell Erin Rice and Artin Sepanian from the Auto Dealership Capital Markets team represented the seller. The buyer was Brandon Steven of Brandon Steven Motors based in Wichita Kansas.
The portfolio features a diverse mix of domestic and import brands including Toyota Honda multiple Ford locations Lincoln Chevrolet Cadillac Buick GMC Chrysler Dodge Jeep and Ram. Dealerships are located across Upper Marlboro Waldorf Prince Frederick La Plata Lexington Park and Leonardtown in Southern Maryland. This network creates one of the most comprehensive automotive retail footprints in the region.
The acquisition marks one of the largest automotive retail transactions in the Baltimore-Washington D.C.-Richmond corridor in recent years. It is more than six times the size of any prior deal completed by Brandon Steven Motors. The move combines two nationally recognized Top 100 dealership groups and establishes a coast-to-coast platform for the buyer.
Brandon Steven Motors previously operated 21 dealerships in Kansas and Los Angeles. The addition brings the total to more than 30 locations across three states. The parent company Steven Enterprises now expects employment to exceed 12,000 people with projected annual unit sales of approximately 45,000 vehicles.
Revenue figures show strong scale. Brandon Steven Motors generated 1.44 billion dollars in 2025. The Southern Maryland operations produced approximately 875 million dollars. Combined the organization is projected to exceed 2.5 billion dollars in annual revenue placing it among the largest privately held dealership groups in the United States.
James Mitchell executive vice president at CBRE described the portfolio as one of the most comprehensive auto retail networks in Southern Maryland. He noted its concentration of key brands and geographic coverage created a rare opportunity for a buyer seeking immediate scale within the corridor.
Brandon Steven said the transaction was not one the company was actively pursuing but opportunities of this caliber are rare. He highlighted the scale brand mix and market position as key factors. Steven added that complete alignment in values taking care of customers supporting employees and operating with integrity made the decision clear. He called the acquisition a transformational move that strengthens long-term growth strategy and creates meaningful opportunities for teams across the country.
Operations continue uninterrupted with existing leadership teams remaining in place. The seamless transition supports ongoing service for customers in Southern Maryland communities.
For residents in Calvert Charles and St. Mary’s counties the deal affects local automotive retail options. The dealerships serve a region with high demand for new and used vehicles along major routes including U.S. Route 301 and Maryland Route 5. Southern Maryland drivers benefit from continued access to popular brands and service departments under new ownership while the larger platform may bring expanded inventory and resources.
The transaction reflects broader trends in automotive retail consolidation where larger groups seek geographic expansion and brand diversity. Southern Maryland’s strategic location between major metropolitan areas makes it attractive for such investments. Local economic impacts include sustained jobs at the dealerships and continued tax contributions from sales and operations in the three counties.
This acquisition positions Brandon Steven Motors for further growth while maintaining focus on customer service and employee support. Details of the deal were confirmed through the official announcement from CBRE and statements provided by the parties involved.
