Emanuel Jones' deal to buy the bankrupt Columbus Chevrolet, Cadillac and Saab dealerships on Manchester Expressway closed Friday morning.
"Done deal," the McDonough, Ga.-based dealer said. "It is signed, sealed and delivered."
The dealership officially opened for business about mid-morning.
There had been a snag in completing the $25 million transaction Thursday when creditors GMAC and Columbus Bank & Trust Co. got into a dispute over who would be the primary creditor for some assets if he Legacy dealership failed.
The final paperwork, which was being held up becuase of the disagreement, was signed Friday morning.
Included in the nearly 300 cars Jones purchased are more than 60 2009 models. Those cars were in transit when Bill Heard shut down Sept. 24. There are also a number of 2008 models.
"If anybody wants a good deal, come on down," Jones said. "We're going to cut the guts out of them."