CBRE Brokers Sale of 12-Dealership Southern Maryland Automotive Portfolio to Brandon Steven Motors

CBRE announced today the sale of a 12‑dealership automotive portfolio located throughout Southern Maryland. The nearly $500 million transaction included dealership operations, owned real estate and the assumption of select property leases, marking one of the largest automotive retail transactions in the region in recent years.

CBRE’s James Mitchell, Erin Rice and Artin Sepanian of the firm’s Auto Dealership Capital Markets team represented the seller in the transaction. The buyer was Brandon Steve of Brandon Steven Motors (BSM). The acquisition represents more than six times the size of any prior transaction previously completed by BSM.

The portfolio comprises a diverse mix of leading domestic and import brands, including Toyota, Honda, multiple Ford locations, Lincoln, Chevrolet, Cadillac, Buick, GMC, Chrysler, Dodge, Jeep and Ram. The stores are strategically located across Upper Marlboro, Waldorf, Prince Frederick, La Plata, Lexington Park and Leonardtown, Maryland, forming one of the most comprehensive automotive retail footprints in the region.

“This portfolio represents one of the most comprehensive auto retail networks in Southern Maryland,” said James Mitchell, Executive Vice President, CBRE. “Its concentration of key brands and geographic coverage created a rare opportunity for a buyer seeking immediate scale within the Baltimore-Washington, D.C.-Richmond corridor.”

The acquisition brings together two nationally recognized Top 100 dealership groups and establishes a coast‑to‑coast platform positioning BSM among the largest privately held dealership groups in the United States. With the addition of the Southern Maryland portfolio, BSM expands from 21 dealerships in Kansas and Los Angeles to more than 30 locations nationwide across three states. Total employment for BSM’s parent company, Steven Enterprises, is now expected to exceed 12,000 people, with projected annual unit sales of approximately 45,000 vehicles.

BSM generated $1.44 billion in revenue in 2025, while the Southern Maryland operations produced approximately $875 million. Combined, the organization is projected to exceed $2.5 billion in annual revenue, placing it among the largest privately held dealership groups in the United States.

“This was not a transaction we were actively pursuing,” said Brandon Steven. “But opportunities of this caliber are rare. The scale, brand mix, and market position made it clear this was a transformational move for our company. Just as important, there was complete alignment in values – taking care of customers, supporting employees, and operating with integrity. When that alignment exists, you lean in decisively. This acquisition strengthens our long-term growth strategy and creates meaningful opportunities for our teams across the country.”

The transition has been seamless, with operations continuing uninterrupted and existing leadership teams remaining in place.