- Dec 08 2014
- Press Release
Atlanta, GA, December 8, 2014 – Haig Partners LLC is pleased to have represented the owners of Sandy Springs Ford in the sale of their dealership to Asbury Automotive Group, Inc., one of the largest dealership groups in the country.
Brian Logun, President and General Manager, said, “Today is a very happy day for my partner, Frank Jackson, and me. We were fortunate to have a great team here and I wish them and Asbury much continued success. I also want to thank Alan Haig and Nate Klebacha at Haig Partners. Without a doubt, they guided us to an excellent outcome.”
Alan Haig said, “Dealerships continue to bring high values in the current buy-sell market. Both public and private buyers are looking for acquisition opportunities as the returns on investment are very compelling in this low-yield environment. And Ford is becoming an increasingly attractive brand to sophisticated buyers who see it as a strong franchise that will perform well in future years.” This is the second dealership Haig Partners has sold in the Atlanta area this quarter.
John Hines of The Hines Group was counsel to the sellers.
You can read Asbury Automotive Group, Inc.'s press release here.
About Haig Partners. Haig Partners LLC is the leading dealership advisory firm that 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.