Princeton, NJ – Haig Partners LLC is pleased to have assisted Princeton Audi VW in the sale of its dealerships. The buyer, DTF Holdings LLC, now owns eight dealerships in New York and New Jersey representing: Audi, BMW, Chrysler Jeep Dodge RAM, Honda, MINI, Porsche & VW.
Alan Haig and Nate Klebacha of Haig Partners LLC were the advisors and Joe Aboyoun of Aboyoun & Heller served as legal counsel to Princeton Audi VW.
Alan Haig said, “This transaction demonstrates that dealers remain interested in luxury stores but are also willing to acquire VW dealerships, despite their recent challenges. And this transaction is another example of how auto retail is attracting capital from investors who are relatively new to the auto industry. We believe the buy-sell market will continue to be active in 2017 as dealers and investors have significant amounts of capital and are looking to expand in this environment of high consumer confidence.”
About Haig Partners. Haig Partners LLC is the leading advisory firm for owners of higher value dealerships and dealership groups. It has advised its clients on transactions exceeding $800 in value over the past two and a half years. Since 1996, its founders have completed over 150 dealership transactions 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. Alan Haig is also a frequent speaker at leading industry events. For more information, visit www.haigpartners.com.