LaFontaine Automotive Group has acquired Shuman Chrysler Dodge Jeep Ram in Walled Lake.

Terms of the deal were not disclosed.

Bob Shuman, CEO and 2013 North American International Auto Show chairman, and the remaining family stake is cashed out of the company his grandfather founded in 1955.

Shuman’s 64 employees will remain with the dealership under LaFontaine, which is now called LaFontaine Chrysler Dodge Jeep Ram of Walled Lake, according to a Thursday news release.

However, LaFontaine is moving John Rossi, general sales manager of LaFontaine’s Fenton dealership, to lead the newly acquired Walled Lake store. Joe Zeigler, general manager under Shuman, will remain in some leadership capacity at the dealership, LaFontaine said in an email.

“We look to take that strong, customer-focused foundation and enhance it through our personalized service and ‘Family Deal’ experience we’ve been known for over the last 40 years of business,” Ryan LaFontaine, COO of LaFontaine, said in tbe release. “On behalf of our entire team at LaFontaine Automotive Group and my family, we are extremely excited to expand and reinforce our presence in Oakland County and surrounding communities.”

Highland-based LaFontaine is the state’s third largest dealer by revenue, recording $1.16 billion in sales last year by selling 35,081 new, used and fleet vehicles. It employs approximately 1,600 people at 19 locations across Michigan.

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