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Bowers Automotive Group operates a network of automotive dealerships, specializing in the sale of new and pre-owned vehicles across various brands. The group provides comprehensive automotive solutions, including vehicle sales, financing, and after-sales service through its integrated service departments. Its operational model focuses on offering a diverse inventory to meet consumer demands in regional markets.
Nelson Bowers established Bowers Automotive Group in 1976, initiating his venture by acquiring a Volvo dealership in Chattanooga, Tennessee. His extensive background and firsthand experience in the automotive retail sector provided the foundational insight for building a multi-franchise dealership enterprise. The company has since grown, maintaining a family-owned structure, with Brad Cobb, Nelson's son-in-law, now serving as its President.
The group serves a broad customer base seeking vehicle ownership and reliable automotive care in and around the Chattanooga area. Bowers Automotive Group aims to be a leading provider of accessible transportation options and dependable service, striving for continuous growth within the automotive retail landscape while prioritizing customer satisfaction and long-term community engagement.
Bowers Automotive Group has 2 tracked investments across 2 companies. The latest tracked deal is $19.7M Series A in Stella in May 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 1, 2024 | Stella | $19.7M Series A | — | Flow Automotive, Ford Family Investments, MBB Auto Group, MileOne Autogroup, Mills Automotive Group, Oremor Automotive Group, Qvale Auto Group, Christopher Walsh, West Herr Auto Group |
| Feb 19, 2023 | Get Spiffy | $30.0M Series C | Lenard Marcus | Attinger, Goodyear Ventures, IDEA Fund Partners, Mann+hummel, Brodie Cobb, Private Access Network, Qvale Auto Group, Shell Ventures, Tribeca Venture Partners, Trog Hawley Capital, Edison Partners, ForgePoint Capital, Omkhar Arasaratnam |