Hickingbotham Investments Inc. of Little Rock and RML Automotive of Lewisville, Texas, announced Monday that Hickingbotham has agreed to purchase Landers Harley-Davidson of Little Rock and Conway from RML.
Financial details of the transaction were not disclosed, and the sale is scheduled to close Jan. 31.
The Little Rock location will operate as Rock City Harley-Davidson and the Conway location will continue as Toad Suck Harley-Davidson.
President and COO Gene Whisenhunt told Arkansas Business that the firm now owns five dealerships in Texas and two in Oklahoma; the latest purchase in Arkansas brings that total to nine.
Whisenhunt said the Harley-Davidson dealerships had been a good investment because the firm has the right people to manage them and a lot of experience in the industry.
"We are pleased to continue the Landers tradition of providing customers, in our home state of Arkansas, with the superior customer experience and personal treatment this iconic American brand deserves," Whisenhunt said in a news release. "We are planning customer enhancements and facility upgrades in the near future."
"These are good people with proven Harley experience, and I am confident our customers are in good hands," George Newcomb, general manager of Landers Harley-Davidson, said in the news release.