Open Road Capital partners with Edgar Castellanos to acquire EUROCAR, enhancing its presence in the luxury and exotic car market in Southern California.

Information on the Target

Open Road Capital (ORC) has officially formed a partnership with Edgar Castellanos, a reputable figure in the automotive industry situated in Southern California. This collaboration encompasses Castellanos' existing dealership holdings, which include Palmdale Honda and California Motors Direct—an influential independent dealership group operating in Fontana, Santa Ana, and Montclair. A significant aspect of this partnership is the acquisition of EUROCAR, recognized as the foremost luxury and exotic car dealership on the West Coast, which also features Lotus of Orange County in its offerings.

Industry Overview in Southern California

The luxury and exotic car market in Southern California has witnessed substantial growth and resilience in recent years, driven by a diverse and affluent population that values high-end automotive experiences. This region is known for its thriving economy, characterized by a burgeoning tech industry, entertainment sectors, and a community that consistently seeks exclusivity in lifestyle choices.

Southern California’s automotive landscape is also complemented by its favorable climate, which enhances the appeal of luxury vehicles that often symbolize wealth and stat