Reno, NV, February 2, 2015 – Haig Partners LLC is pleased to have represented the owners of Mercedes-Benz of Reno in the sale of their dealership to AutoNation, Inc., the largest dealership group in the US.
The former owners said, “We were pleased to complete a transaction with AutoNation. The team at Haig Partners led a truly professional sale process and brought us the best buyer for our dealership. We wish AutoNation and the team of talented associates at Mercedes-Benz of Reno much success.”
Alan Haig and Nate Klebacha of Haig Partners LLC were the financial advisors to Mercedes-Benz of Reno.
Alan Haig said, “This transaction is another example that the market for buying and selling dealerships is very active today. Buyers like the returns they are getting compared to other investment options. And we are seeing more dealers deciding that now is the time to sell their stores. We expect another strong year for dealership sales in 2015.”
About Haig Partners. Haig Partners LLC is the leading advisory firm for dealership purchase and sale transactions over $20 million. Since 1996, its founders have completed over 150 dealership transactions totaling over $3 billion, more than any other team in the industry. The value of transactions the founders have closed in all industries is over $6 billion. They also publish the widely followed Blue Sky Report that tracks trends in the auto industry and how they impact dealership valuations. The latest Blue Sky Report is available here. For more information, visit www.haigpartners.com.