Wallace Auto Group Owner Makes Automotive News
Bill Wallace of Stuart Fl was born to be in the automobile business. His initiation was washing cars and changing tires as a teenager. It turned out to be a business that he loved.
Bill worked his way up to the presidency of Wallace Ford in Delray Beach. During the 70’s and 80’s he acquired six more franchises, both domestic and imports, which was cutting edge at the time. He built this group into one of the 100 top Mega-Dealers in the country. Car Dealer Bill Wallace sold the Wallace Group to AutoNation in 1997.
After a brief 18 months of working in the Mergers and Acquisitions at this public company he became restless to get back on his own. Due to a non compete agreement the closest business opportunity lay fifty miles north in Stuart, Florida. Over the next two decades Wallace acquired 11 new franchises. The current group is now back to being one of the top 100 privately owned dealership groups in the U.S. Bill has served as past president of the South Florida Automobile Dealers Association (SFADA), past president of South Florida Ford Dealers Association (SFFDA), and board member of Florida Automobile Dealers Association (FADA).
He has also served on the Board of Directors for Duke Comprehensive Cancer Care Center, Delray Beach Chamber of Commerce, Palm Beach County Consumer Affairs, Delray Beach Education Board, and was on the vestry of Saint Paul’s Episcopal Church. The Wallace’s have been philanthropic supporters of many charities in West Palm Beach and Treasure Coast’s Martin County.
Kathy and Bill have been married over 50 years. Their three daughters all went to Duke University. In addition were Franklin College in Switzerland and graduate studies at Berkeley and Stanford. They have seven grandchildren and two Standard Poodles, Kramer and George. Bill is an avid S.C.U.B.A. diver with over 1700 hours of diving. He enjoys working out and time spent on the golf course.
You can check out the many franchises that he owns currently today at Wallace Automotive Group Dealership’s in Stuart Florida. Each location has award winning service departments and certified factory trained technicians.
