Associated tags: General Automotive, Automotive, Banking, Professional Services, Finance, Presidio, Mercedes-Benz, Sale, LLP, Consulting, Financial services, Acura, Environment, Philosophy, Road, Natural rubber, SIPC, Subaru, FINRA, Other Automotive
Locations: UNITED STATES, NORTH AMERICA, CALIFORNIA, OREGON, ALASKA, TEXAS, SAN FRANCISCO, JAGUAR, HONDA, THOUSAND OAKS, CHEVROLET
Technology,
General Automotive,
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Asbury Automotive Group,
Presidio Asbury had acquired the Lexus store in December as part of its acquisition of the larger Jim Koons Automotive Companies.
Key Points:
- Asbury had acquired the Lexus store in December as part of its acquisition of the larger Jim Koons Automotive Companies.
- “The Presidio Group, one of our trusted advisors, swiftly found a strategic buyer for this store and facilitated a quick and seamless transaction,” Asbury CEO David Hult said.
- The Presidio team’s smooth oversight of the deal process was exemplary.”
Alex Watterson, managing director of The Presidio Group, said, “It’s been a privilege for the Presidio team to facilitate this transaction and represent Asbury in the sale of this high-performing store representing such a lauded brand as Lexus.
- The Presidio Group provided exclusive M&A advisory services to Asbury through its wholly owned investment bank, Presidio Merchant Partners LLC.
Retrieved on:
Wednesday, December 20, 2023
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Car dealership “Presidio Perspectives: A Quarterly Outlook on Auto Retail and M&A Trends” showcases a first-time partnership between NCM Associates and The Presidio Group with the debut of the Presidio-NCM Average Dealership Performance Trends report.
Key Points:
- “Presidio Perspectives: A Quarterly Outlook on Auto Retail and M&A Trends” showcases a first-time partnership between NCM Associates and The Presidio Group with the debut of the Presidio-NCM Average Dealership Performance Trends report.
- The report is based on aggregated financial results of 4,000-plus U.S. franchised dealerships of all brands and sizes that work with NCM Associates, a provider of 20 groups, consulting and training to dealers across the country.
- “The industry is moving into an era we are calling the ‘Great Normalization’ as pandemic-driven peak dealership profitability ebbs,” said Presidio President George Karolis.
- The Presidio Group’s inaugural Dealer Direction Survey – a quarterly read of the market’s pulse informed by survey takers representing thousands of franchised dealerships.
Finance,
Automotive,
General Automotive,
Public Relations,
Investor Relations,
Banking,
Communications,
Business,
Professional Services,
Other Automotive,
Group 1 Automotive,
Presidio,
Group 1,
Appetite,
Sale,
GPI,
Kia,
Acquisition,
Investment,
Transport,
NYSE,
Financial services,
Gulf Coast of the United States,
Nissan,
Subaru,
Daphne The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Group 1 Automotive Inc. (NYSE: GPI) on the sale of Nissan of Mobile in Mobile, Ala., to Tameron Gulf Coast, a dealership group in Daphne, Ala.
Key Points:
- The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Group 1 Automotive Inc. (NYSE: GPI) on the sale of Nissan of Mobile in Mobile, Ala., to Tameron Gulf Coast, a dealership group in Daphne, Ala.
For Tameron Gulf Coast, the acquisition of Nissan of Mobile gives it a sixth dealership along the popular and growing Gulf Coast.
- Tameron already owned a Subaru store in Mobile; Honda, Buick-GMC and Chrysler-Dodge-Jeep-Ram-Fiat dealerships in Daphne; and a Kia store in nearby D’Iberville, Miss.
- “It has been an honor to help Group 1 Automotive execute this important transaction,” said Alex Watterson, managing director of The Presidio Group.
- “We are so pleased to help Group 1 and Tameron Gulf Coast execute this important deal.”
The Presidio Group provided exclusive M&A advisory services to Group 1 Automotive through its wholly owned investment bank, Presidio Merchant Partners LLC.
Banking,
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New York University The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, announced the addition of dealership buy-sell veteran Nate Klebacha as Managing Director.
Key Points:
- The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, announced the addition of dealership buy-sell veteran Nate Klebacha as Managing Director.
- Klebacha is rejoining Presidio after having served as a principal of the firm from 2011 to 2014 — part of a 20-year career in dealership dealmaking that also included six years in corporate development at Asbury Automotive Group Inc. and a long stint as managing director and founding partner at Haig Partners.
- His proven track record of success and deep understanding of dealers’ needs and objectives make him an invaluable addition to Presidio,” said George Karolis, president of The Presidio Group.
- “With our recent investments in talent, Presidio is poised to elevate our dealmaking reach and thought leadership to new heights.”
General Automotive,
Automotive Manufacturing,
Business,
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Other Transport,
Automotive,
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Insurance,
Journalism,
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Ford Motor Company,
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Research The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, announced the addition of longtime automotive journalist and industry veteran Amy Wilson to its Atlanta-based team.
Key Points:
- The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, announced the addition of longtime automotive journalist and industry veteran Amy Wilson to its Atlanta-based team.
- Wilson joins Presidio as Director of Research and Communications.
- Most recently at Automotive News, Wilson directed the publication’s automotive retail coverage, overseeing an award-winning team of editors and reporters covering dealers, mergers and acquisitions, finance and insurance and other topics.
- “She arrives to the group with an impeccable reputation, numerous relationships in automotive retail and a vast knowledge of the industry – from every angle.
Consulting,
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Honda,
Asbury Automotive Group,
Asbury,
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NYSE,
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Automotive industry,
Umansky,
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Subaru,
Audi The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Asbury Automotive Group (NYSE: ABG) on the sale of McDavid Acura of Austin to the Umansky Automotive Group.
Key Points:
- The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Asbury Automotive Group (NYSE: ABG) on the sale of McDavid Acura of Austin to the Umansky Automotive Group.
- We could not be more pleased with the outcome.”
The acquisition of McDavid Acura by the Umansky Automotive Group opens up the Texas market to the Memphis, Tenn.-based group.
- “We were privileged to have once again been entrusted by Asbury Automotive Group to exclusively assist with another important transaction,” said George Karolis, president of The Presidio Group.
- The Presidio Group provided exclusive M&A advisory services to Asbury Automotive through its wholly owned investment bank, Presidio Merchant Partners LLC.
Consulting,
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Porsche,
Audi The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Flow Automotive Companies on the purchase of eight franchises in Charlottesville, Va., from Umansky Automotive Group.
Key Points:
- The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Flow Automotive Companies on the purchase of eight franchises in Charlottesville, Va., from Umansky Automotive Group.
- Flow Automotive already operates Audi, BMW, Mazda, Porsche and Volkswagen dealerships in the Charlottesville market among the 53 franchises it now owns in North Carolina and Virginia.
- “We love the Charlottesville market and knew – with the guiding hand of The Presidio Group – we could identify and execute our acquisition strategy while expanding our base in Virginia,” said Flow Automotive Chairman and CEO Don Flow.
- The Presidio Group provided exclusive M&A advisory services to Flow Automotive through its wholly owned investment bank, Presidio Merchant Partners LLC.
Retrieved on:
Wednesday, March 15, 2023
Finance,
Asset Management,
Automotive,
Specialty,
Banking,
Professional Services,
General Automotive,
Retail,
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Buick,
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Sale,
Tonkon Torp,
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Acura,
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Road,
Swickard,
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LLP,
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Anderson,
GMC,
Environment,
Larz Anderson Auto Museum,
Presidio,
Philosophy,
Lexus,
Empathy,
Mercedes-Benz,
Financial services,
Car dealership,
Sales The second phase of the sale includes Buick GMC, Cadillac and Chevrolet dealerships in Thousand Oaks.
Key Points:
- The second phase of the sale includes Buick GMC, Cadillac and Chevrolet dealerships in Thousand Oaks.
- “We are excited to finalize the second part of this transaction with Swickard Auto Group,” said William S. Anderson, CEO of Anderson Holdings.
- The three new domestic dealerships in the latest transaction doubles the number of domestic dealerships owned by Swickard.
- The Presidio Group provided exclusive M&A advisory services to Anderson Autos through its wholly owned investment bank, Presidio Merchant Partners LLC.
Retrieved on:
Wednesday, February 15, 2023
Other Transport,
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The Spiffy Adventures of McConey Get Spiffy, Inc. (Spiffy®), an on-demand car care, technology, and services company, today announced the closing of its Series C financing round, raising $30 million to drive growth across the business and fuel Spiffy’s private-label hardware and software-as-a-service offering for automotive dealers, Digital Servicing.
Key Points:
- Get Spiffy, Inc. (Spiffy®), an on-demand car care, technology, and services company, today announced the closing of its Series C financing round, raising $30 million to drive growth across the business and fuel Spiffy’s private-label hardware and software-as-a-service offering for automotive dealers, Digital Servicing.
- By focusing on strategic initiatives across geographies, services, and lines of business, Spiffy delivered back-to-back years of 90%+ growth.
- Lenard Marcus, General Partner at Edison Partners, said, “Spiffy continues to impress with thoughtful execution of strategic initiatives.
- “After seeing what Spiffy is building from the consumer app to green mobile service delivery, we are thrilled to invest in its growth.
Retrieved on:
Wednesday, December 14, 2022
Finance,
Banking,
Professional Services,
General Automotive,
Automotive,
LLP,
Tonkon Torp,
Chemistry,
Swickard,
FINRA,
Environment,
Acura,
Buick,
Presidio,
Sale,
Science,
Mercedes-Benz,
Natural rubber,
Investment,
Larz Anderson Auto Museum,
Attention,
Pleasure,
Lexus,
Road,
Philosophy,
Land Rover,
SIPC,
Cadillac,
GMC,
Car dealership,
Sales,
Insurance The sale to Swickard Auto Group, which operates eight stores in the San Francisco region, nearly doubles Swickards California presence.
Key Points:
- The sale to Swickard Auto Group, which operates eight stores in the San Francisco region, nearly doubles Swickards California presence.
- Three additional Anderson Autos dealerships in Thousand Oaks, representing Buick, GMC, Cadillac and Chevrolet, will be purchased by Swickard in the first part of 2023.
- The Presidio Group provided exclusive M&A advisory services to Anderson Autos through its wholly owned investment bank, Presidio Merchant Partners LLC.
- Presidio Merchant Partners LLC is a subsidiary of The Presidio Group LLC and is a member of FINRA and SIPC.
