- Oct 14 2014
- Press Release
Ft. Lauderdale, FL, 10/14/2014 – Haig Partners LLC is pleased to have represented Frank Jackson and his family on the recent sale of their Sandy Springs Toyota-Scion dealership to the Hendrick Automotive Group, one of the largest dealership groups in the country.
Frank Jackson said, “We are really pleased with the terms of this deal. While it was not easy for us to sell, the team at Haig Partners led a terrific process, kept it confidential, and brought us a buyer that has been truly impressive in its professionalism and in the great care it has shown to all of our employees. I wish the folks at Hendrick much success.”
Rick Hendrick stated, “The addition of Sandy Springs Toyota is very exciting for us. We wanted to increase our representation of Toyota, plus we love the Atlanta market. And we were so impressed with the team at Sandy Springs Toyota that we have asked two of the family members, Barry Jackson and Mike Jackson, to stay on with us in their current roles as general manager and controller. To them and all our new associates, we say, ‘Welcome to the Hendrick Automotive family.’”
Alan Haig and Nate Klebacha of Haig Partners LLC were the advisors to the Jackson family.
“This transaction is another example of the strength of the current automotive buy-sell market,” said Alan Haig. “Buyers are aggressive in their search for dealerships that can generate attractive returns. And Toyota continues to be at or near the top of the shopping list for many leading buyers.” It is the second large Toyota transaction Haig has handled in the past year.
About Haig Partners. Haig Partners LLC focuses on dealership transactions valued between $20 million and $200 million. Since 1996, its founders have completed over 150 dealership purchases and sales totaling over $3 billion, more than any other team in the industry. The current edition of Haig Partners Blue Sky Report is available here. For more information, visit www.haigpartners.com.