Haig

Haig Partners Served as the Exclusive Sell-Side Advisor on the Sale of Lake Norman Chrysler-Dodge-Jeep-RAM and Gastonia Chrysler-Dodge-Jeep-RAM to Parks Automotive Group – Setting New Record for Stellantis Dealership Value

Retrieved on: 
Friday, January 20, 2023
Other Retail, Automotive, Consulting, Other Automotive, Professional Services, General Automotive, Retail, Business, RAM, Robin, Happiness, Truist, Haig, Mentorship, System, Radio, Acquisition, Killgore, Sale, AutoNation, Chrysler, Sadness, Marketing, Partner, Multimedia, Dream, CBS Radio, CDJR, Car dealership, Financial services

Haig Partners LLC served as the exclusive sell-side advisor to Jack and Robin Salzman on the sale of their Lake Norman Chrysler-Dodge-Jeep-RAM and Gastonia Chrysler-Dodge-Jeep-RAM dealerships in North Carolina to the Parks Automotive Group.

Key Points: 
  • Haig Partners LLC served as the exclusive sell-side advisor to Jack and Robin Salzman on the sale of their Lake Norman Chrysler-Dodge-Jeep-RAM and Gastonia Chrysler-Dodge-Jeep-RAM dealerships in North Carolina to the Parks Automotive Group.
  • Parks Automotive Group owns 13 dealerships in North Carolina, South Carolina and Virginia and is led by President Adam Parks.
  • The sale of Lake Norman Chrysler-Dodge-Jeep-RAM is believed to set a record for the highest-value Chrysler-Dodge-Jeep-RAM dealership ever to trade hands.
  • The sale of Lake Norman Chrysler-Dodge-Jeep-RAM is believed to set a record for the highest-value Chrysler-Dodge-Jeep-RAM dealership ever to trade hands.

Dealership Profits are Booming, Driving Buy-Sell Demand with Average Dealership Blue-Sky Value at the Highest Ever Recorded

Retrieved on: 
Wednesday, June 9, 2021
Car dealership, Haig

The record-level dealership profits is driving higher demand for dealerships.Average blue-sky value per rooftop has reached the highest values Haig Partners has recorded at an estimated $9.0M in Q1 2021, up 34% from 2019, and 11% from the end of 2020.

Key Points: 
  • The record-level dealership profits is driving higher demand for dealerships.Average blue-sky value per rooftop has reached the highest values Haig Partners has recorded at an estimated $9.0M in Q1 2021, up 34% from 2019, and 11% from the end of 2020.
  • Dealership profits jumped 197% in Q1 2021, reaching record-high levels, driving higher demand for dealerships.
  • "Dealers have enjoyed the unprecedented bust-to-boom period for about a year now," commented Alan Haig, President of Haig Partners.
  • "The strong demand from consumers paired with a lack of supply from the OEMs has created a gusher of profits.

Haig Partners Serves As Exclusive Sell-side Advisor to the Brown Auto Group on The Sale of Puente Hills Nissan And Buena Park Nissan To HGreg.com

Retrieved on: 
Friday, May 7, 2021
Companies, Haig, Nissan, Economy of Japan, Automotive industry

b'FORT LAUDERDALE, Fla., May 7, 2021 /PRNewswire/ -- Haig Partners LLC ,the leading buy-sell advisory firm to higher-value auto dealers, was the exclusive sell-side advisor to The Brown Auto Group ("Brown") in the sale of its Buena Park Nissan and Puente Hills Nissan dealerships to HGreg.com.

Key Points: 
  • b'FORT LAUDERDALE, Fla., May 7, 2021 /PRNewswire/ -- Haig Partners LLC ,the leading buy-sell advisory firm to higher-value auto dealers, was the exclusive sell-side advisor to The Brown Auto Group ("Brown") in the sale of its Buena Park Nissan and Puente Hills Nissan dealerships to HGreg.com.
  • I\'d like to thank Alan Haig and Mike Toth from Haig Partners who delivered more than I expected.
  • Plus, they assisted me to the very end of the transaction, even helping to put together the final numbers.
  • The team at Haig Partners has led the purchase or sale of 59 dealerships in California and this is their sixth transaction there in recent years.

Significant Uptick in Dealership Profits Leads to More Acquisitions at Higher Values

Retrieved on: 
Tuesday, March 23, 2021
Car dealership, Haig, Dealership

It has been a year since the pandemic caused dealers to severely curtail operations in March of 2020.

Key Points: 
  • It has been a year since the pandemic caused dealers to severely curtail operations in March of 2020.
  • After a two-month lull, demand roared back and the average dealership generated 34% higher profits (excluding PPP) than in 2019, reaching the highest level on record.
  • This rebound in profits resulted in an upshift in interest for acquiring dealerships from both private and public dealer groups.
  • "Last year was the best of times and the worst of times," commented Alan Haig, President of Haig Partners.

Haig Partners Co-Authors National Automobile Dealers Association Buy-Sell Guide

Retrieved on: 
Wednesday, February 3, 2021
National Automobile Dealers Association, Tysons, Virginia, Car dealership, Dealership, Nada, Haig

FORT LAUDERDALE, Fla., Feb. 3, 2021 /PRNewswire/ --Haig Partners LLC is pleased to have co-authored the National Automobile Dealers Association's (NADA) "A Dealer Guide to Buying and Selling a Dealership."

Key Points: 
  • FORT LAUDERDALE, Fla., Feb. 3, 2021 /PRNewswire/ --Haig Partners LLC is pleased to have co-authored the National Automobile Dealers Association's (NADA) "A Dealer Guide to Buying and Selling a Dealership."
  • Established in 1917, today NADA represents almost 16,500 new car and truck dealers with 32,500 domestic and international franchises.
  • Since 1996 the team at Haig Partners has completed more than 268 dealership transactions representing over 500 dealerships totaling over $7.5B.
  • "We are honored to share our collective body of knowledge as a co-author to the NADA Buy-Sell Guide along with Kerrigan Advisors, another well-respected firm in our industry," commented Alan Haig, President of Haig Partners.

Haig Partners Enhances Team With The Addition Of Pete Thiel, Former VP Of Corporate Development For AutoNation Inc.

Retrieved on: 
Tuesday, January 19, 2021
AutoNation, Haig

Prior to joining Haig Partners, Pete was Vice President at AutoNation, the world's largest automotive retailer, leading all acquisitions and divestitures.

Key Points: 
  • Prior to joining Haig Partners, Pete was Vice President at AutoNation, the world's largest automotive retailer, leading all acquisitions and divestitures.
  • "As the leading buy-sell advisory firm to dealers, we pride ourselves on the integrity, confidentiality, and industry experience we bring to our clients," said Alan Haig, President of Haig Partners.
  • "I am thrilled to join the team at Haig Partners," shared Pete.
  • "I've seen from my former position as a buyer at AutoNation how Haig Partners runs a confidential and effective sales process.

Auto dealer blue sky values have recovered and are near record highs driven by high profits and strong demand for dealerships

Retrieved on: 
Wednesday, December 2, 2020
Boutique investment bank, Investment banking, Haig, Car dealership

The number of public and private dealerships that sold in the US increased 9% in Q3 2020 as compared Q3 2019, with a total of 95 dealerships changing hands.

Key Points: 
  • The number of public and private dealerships that sold in the US increased 9% in Q3 2020 as compared Q3 2019, with a total of 95 dealerships changing hands.
  • We went from a catastrophe in April and May, to record profits," commented Alan Haig, President of Haig Partners.
  • This is contributing to dealers making about $1.6M per rooftop, more than they have ever made, even amidst a pandemic.
  • Haig Partners LLCis a boutique investment banking firm and the leading buy-sell advisory firm to owners of higher value auto, heavy truck and RV dealerships.

HAIG CLUB Clubman Lands In Miami As Official Whisky Of Inter Miami CF

Retrieved on: 
Tuesday, February 25, 2020
Association football, Footballers, Sports, Haig Club, Haig, Inter Miami CF, Miami, David Beckham, Major League Soccer, Clubman, Inter

MIAMI, Feb. 25, 2020 /PRNewswire/ -- HAIG CLUB Clubman, the bold, stylish and modern Single Grain Whisky from Scotland, has officially arrived in Miami.

Key Points: 
  • MIAMI, Feb. 25, 2020 /PRNewswire/ -- HAIG CLUB Clubman, the bold, stylish and modern Single Grain Whisky from Scotland, has officially arrived in Miami.
  • To celebrate the arrival of Clubman in the market, HAIG CLUB has partnered with Inter Miami CF to become the official whisky of Major League Soccer's newest club.
  • Speaking about the arrival of HAIG CLUB in Miami and South Florida David Beckham said; "I'm so excited that Haig Club is launching in Miami.
  • HAIG CLUB and Inter Miami CF will officially kick off their partnership on March 14th as Inter Miami takes on the LA Galaxy at its Fort Lauderdale Stadium.HAIG CLUB Clubman cocktails, including a "H.O.S."

Haig Partners Advises Sonnen Motorcars On The Sale Of Porsche, Audi And VW Dealerships To Indigo Auto Group

Retrieved on: 
Wednesday, November 13, 2019
Haig, Sonnen

MARIN COUNTY, Calif., Nov. 13, 2019 /PRNewswire/ -- Haig Partners LLC is proud to have represented Sonnen Motorcars LLC ("Sonnen") in the sale of its Sonnen Porsche, Audi Marin and Sonnen Volkswagen dealerships to indiGO Auto Group ("indiGO").

Key Points: 
  • MARIN COUNTY, Calif., Nov. 13, 2019 /PRNewswire/ -- Haig Partners LLC is proud to have represented Sonnen Motorcars LLC ("Sonnen") in the sale of its Sonnen Porsche, Audi Marin and Sonnen Volkswagen dealerships to indiGO Auto Group ("indiGO").
  • Alan Haig and Nate Klebacha at Haig Partners found me the best possible buyer for the dealerships and were true professionals all the way through to the end.
  • Alan Haig and Nate Klebacha of Haig Partners were the financial advisors to Sonnen, while Stephen Dietrich of Holland & Knight, LLP served as legal counsel.
  • Alan Haig, President of Haig Partners, stated, "We have known Peter Sonnen for almost a decade and it was an honor and a pleasure to assist him in the sale of his dealerships.

Haig Partners Announces the Addition of John Davis, Former Partner with DHG Dealerships, as Managing Director

Retrieved on: 
Thursday, July 18, 2019
Haig

Additionally, he has held leadership roles in many organizations, including chairing the AICPA Automotive Conference's Steering Committee for several years.

Key Points: 
  • Additionally, he has held leadership roles in many organizations, including chairing the AICPA Automotive Conference's Steering Committee for several years.
  • "We are thrilled to add someone of John's caliber to our already accomplished team of professionals," said Alan Haig, Managing Partner of Haig Partners.
  • "John has deep relationships with so many dealers across the country, and he has extensive experience in the buy-sell industry.
  • Founded by automotive retail expert, Alan Haig, Haig Partners has closed over $4.9 billion in dealership transactions, and over $8 billion in total value across all verticals.