Gary, IN, December, 2016 – Haig Partners LLC is pleased to have represented Gerri Parker-Davis, the owner of Truck City, a Freightliner and Western Star truck dealer, in the sale of her dealership to TransChicago Truck Group.
Alan Haig, Nate Klebacha and Pat Carroll of Haig Partners LLC were the financial advisors and Akerman Senterfitt served as legal counsel to Truck City.
“We have had the pleasure of advising clients on the sale of eight Freightliner dealerships in the past few years,” said Alan Haig. “These dealerships can generate impressive financial results and buyers are attracted to the returns Freightliner stores can provide, even in a down market.”
“Consolidation of heavy duty truck dealerships will continue to occur,” stated Pat Carroll, a former Freightliner dealer and now Managing Director at Haig Partners. “Sometimes the best buyer is right next door, as in this case, and sometimes the best buyer is from across the country, as it was in my case. We believe the buy-sell market will continue to be active for Freightliner dealerships as groups like TransChicago have capital and are looking to expand.”
Join Haig Partners at NADA/ATD in New Orleans January 26-29, 2017! The successful completion of this transaction reinforces Haig Partners’ standing as the leading buy-sell advisor to heavy truck dealerships. Pat Carroll and Nate Klebacha will be conducting a workshop, Successfully Navigate the Consolidation of Your Retail Network at ATD and Haig Partners will be speaking at the AutoTeam America’s 4th Annual Buy-Sell Summit. Registration information is available at www.autoteamamerica.com
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 154 transactions for 260 dealerships totaling over $3.5 billion, more than any other team in the industry. They also publish the widely followed Haig Report that tracks trends in the auto industry and how they impact dealership valuations. The latest Haig Report is available here. For more information, visit www.haigpartners.com.