Auto Group Sells 15 Franchises

By Staff Writer November 03, 2020

Haig Partners LLC, a buy-sell adviser to auto dealers, was the exclusive financial adviser to Prime Automotive Group in the sale of 15 dealerships in various markets across the U.S. Akerman LLP provided legal counsel.

Prime is one of the largest auto dealer groups in the United States.

“We decided last year to focus our efforts in our core market here in New England and the Northeast,” said Todd Skelton, chief executive officer of Prime Automotive Group. “As a result, we retained Alan Haig and the team at Haig Partners to assist us in divesting dealerships and platforms in outlying markets. Our intention is to use the capital generated from these sales to buy additional dealerships in the Northeast.”

While the buy-sell market paused in Q2, the recovery in auto retail has been strong, according to Haig Partners. The firm has represented more Top 150 dealership groups than any other adviser and has handled deals in 31 states.

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Last modified on Tuesday, 03 November 2020 15:18