Jacksonville, FL, June 30, 2015 – Haig Partners LLC is pleased to have represented the owners of Mike Davidson Ford in the sale of their dealership to Asbury Automotive Group, Inc., the seventh largest dealership group in the US.
The former owners said, “Mike Davidson Ford has been in our family for decades. When we decided the time was right to sell our store we wanted to have a confidential process, but also one that brought us a buyer that understood the value of our store. The team at Haig Partners heard what we wanted and really delivered. We were pleased to complete a transaction with the folks at Asbury and wish them much success with our former associates, some of the most talented people in the industry.”
Alan Haig and Nate Klebacha of Haig Partners LLC were the financial advisors to Mike Davidson Ford. Robert Bass of Bass Sox Mercer served as legal counsel.
Alan Haig said, “This was our third sale of a large Ford dealership in recent months. We have been impressed with the financial results of these dealerships and buyers are attracted to the returns they offer. The market remains very active for almost all brands, particularly in Florida, which is among the most desirable states in the US to own dealerships. We expect another robust 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 Haig Report that tracks trends in the auto industry and how they impact dealership valuations. The latest Haig Report is available here. Alan Haig is also a frequent speaker at leading industry events. For more information, visit www.haigpartners.com.