Articles from Haig Partners LLC

Haig Partners LLC, a leading buy-sell advisory firm to auto and heavy truck dealers in the US, served as the exclusive sell-side advisor on the sale of Mercedes-Benz of South Austin in Austin, TX on its sale to Group 1 Automotive, Inc. (NYSE: “GPI”). Mercedes-Benz of South Austin was owned by Jeff Swickard, owner of Swickard Auto Group, ranked #30 in Automotive News Top 150 Dealership Groups report in 2025. GPI is a publicly traded auto retailer that owns 263 auto dealerships and 39 collision centers in the US and the UK that generated almost $21 billion in revenue over the past twelve months.

Haig Partners LLC, the nation’s leading dealership buy-sell advisory firm, has released its Q4 2024 Haig Report®, the longest-published industry report tracking trends in auto retail. The report provides the most useful analysis of auto dealership M&A, blue sky multiples, franchise assessments and the economic trends impacting auto retail.

Haig Partners LLC, a leading buy-sell advisory firm to auto, heavy truck, and RV dealers in the US, served as the exclusive sell-side advisor to the owners of Advantage Toyota and Ball Toyota on their sale to Victory Automotive Group (“Victory”). Advantage Toyota, now called Victory Toyota of Barboursville, was owned by Shawn Ball and his brother David. Ball Toyota, now called Victory Toyota of Charleston, was owned by Shawn Ball. Victory is led by Jeff Cappo and sons Eric Cappo and Mike Cappo. Victory is based in Canton, MI.

Haig Partners LLC has released its Q3 2024 Haig Report®, providing a comprehensive analysis of the trends shaping the automotive retail industry. Despite many challenges, including affordability concerns, interest rate pressures, and geopolitical uncertainties, U.S. auto dealers have continued to deliver strong financial performance, with profits per store remaining double pre-pandemic levels.

Haig Partners LLC, a leading buy-sell advisory firm to auto, heavy truck, and RV dealers in the US, served as the exclusive sell-side advisor to the owners of Bill Kidd’s Timonium Toyota and Bill Kidd’s Volvo Cars on their sale to Sheehy Auto Stores (“Sheehy”). The dealerships were owned by the families of Charlie and Peter Fenwick, Bill Kidd and his daughter Lisa Kidd. The Toyota dealership is located in Timonium, MD and the Volvo dealership is in nearby Hunt Valley, MD. Sheehy is based in Fairfax, VA and is led by President Vince Sheehy.

Haig Partners LLC, a leading buy-sell advisory firm to higher-value auto dealers, served as the exclusive sell-side advisor to Mike Beyer and his family on the sale of Beyer Automotive Group, which was comprised of eight dealerships in Virginia. There were two buyers of Beyer Automotive Group. Open Road Capital purchased the Greater Washington DC dealerships comprised of Land Rover Alexandria, Beyer Volvo Cars of Dulles, Beyer Volvo Cars of Falls Church, Beyer Kia Falls Church, Beyer Subaru and Smokey’s Garage in Falls Church on October 10, 2024. Separately, Jim Keffer and Jon Alcorn purchased the Winchester, VA dealerships comprised of Beyer Volvo Cars of Winchester, Beyer Mazda and Beyer Volkswagen on August 30, 2024.

Haig Partners LLC, a leading buy-sell advisory firm to auto, heavy truck, and RV dealers in the US, served as the exclusive sell-side advisor to the owners of Weiss Toyota of South County in St. Louis, MO on its sale to Victory Automotive Group (“Victory”). Weiss Toyota of South County was owned by partners John Weiss and John Capps. Victory is led by Jeff Cappo and sons Eric Cappo and Mike Cappo. Victory is based in Canton, MI.

Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to the owners of Bulldog Kia on its sale to Butler Automotive Group. Bulldog Kia, located in Athens, GA, was owned by David Kernall and James Hammond. Butler Automotive Group is led by brothers Marsh and Morris Butler and is based in Macon, GA.

Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to Duval Motor Company on the sale of Duval Honda and Duval Acura in Jacksonville, Florida, and Subaru of Gainesville, home to the University of Florida, to Lithia & Driveway (“LAD”). Duval Motor Company will continue to own and operate Duval Ford, also located in Jacksonville.

Haig Partners LLC released its Q2 2024 Haig Report®, the longest-published quarterly report in auto retail tracking industry trends and their impact on dealership values. The auto retail marketplace is evolving from record profits, blue sky values, and dealership sales. Due to several factors, dealership profits declined 32% in the first half of 2024 compared to the same period in 2023. The reduction in profits affects dealership values and the number of dealerships being sold, with smaller declines in both categories. Details are provided below.

Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor on the sale of La Crosse Truck Center Ford and La Crosse Truck Center Mack-Isuzu. La Crosse Truck Center Ford was sold to Dahl Automotive, which has 13 franchised auto dealerships throughout Minnesota and Wisconsin, and La Crosse Truck Center Mack-Isuzu was sold to Kriete Truck Centers, which has 11 Volvo and Mack locations throughout Wisconsin.

Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor on the sale of River States Truck and Trailer (“River States”) to Premier Truck Group (“PTG”), an international medium-duty and heavy-duty commercial truck dealership group and a Penske Automotive Group, Inc. company (NYSE:PAG). The acquisition is expected to add $200 million of estimated annualized revenue to Premier Truck Group, which has 48 locations throughout Texas, Oklahoma, Kansas, Missouri, Tennessee, Georgia, Utah, Idaho, Wisconsin, Minnesota and Oregon, as well as Ontario and Manitoba in Canada.

Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor on the sale of the #2 highest-volume Kia dealership in the nation, Hollywood Kia, on its sale to Morgan Auto Group. Hollywood Kia is located in Hollywood, FL and was owned by Joe Levy and Steve Gutstein. The sale of Hollywood Kia sets a record for the most blue sky value ever paid for a Kia dealership, according to Kia executives.

Haig Partners LLC released its Q1 2024 Haig Report®, the longest-published quarterly report in auto retail tracking industry trends and their impact on dealership values. Q1 2024 sets a new record for the highest number of dealerships bought or sold in any first quarter despite declining profits.

Haig Partners LLC, a leading buy-sell advisory firm to auto, heavy truck, and RV dealers in the United States, served as the exclusive sell-side advisor to Greenway Automotive, ranked #17 on the 2023 Automotive News Top 150 Dealership Group list, on the sale of Greenway of the Shoals to ZT Automotive. The sale includes Toyota, Honda, Nissan and CDJR dealerships. Greenway of the Shoals sold its Hyundai dealership to Joe Marshall in April 2024.

Haig Partners LLC, released its closely followed Haig Report® for Q4 2023, which tracks trends in auto retail and their impacts on dealership values. Demand for dealerships was strong through the end of 2023, with an estimated 528 dealerships trading hands, the third-highest annual volume on record (as predicted in the Q3 2023 Haig Report®). Dealership profits, although ticking downward, were still 2.3x higher than pre-pandemic levels, keeping buyers and investors alike attracted to auto dealerships.

Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck, and RV dealers in the US, served as the exclusive sell-side advisor to the owners of Toyota of North Charlotte on its sale to Hudson Automotive Group. Toyota of North Charlotte was owned by siblings Joe Siviglia and Bob Siviglia. The Hudson Automotive Group is led by President David Hudson and is based in Charleston, SC.

Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to Saint J Auto on the sale of Lebanon Ford in Lebanon, NH to Nucar Family of Dealerships based in New Castle, DE. Saint J Auto retains ownership of a Subaru dealership in Vermont.

Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to The Stewart Companies in the sale of its York, PA-based Apple Automotive Group to Ciocca Automotive. It is believed that Apple Automotive Group, with its ten franchised dealerships, two used auto dealerships and six collision centers, is the most valuable dealership group sold in Pennsylvania.

Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to the owners of Shockley Honda on its sale to Chris Ourisman and Ourisman Automotive Group. Shockley Honda, located in Frederick, MD, was owned by siblings Marisa Shockley and Mike Shockley. The Ourisman Automotive Group is led by President Chris Ourisman and is based in Bethesda, MD.

Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to Miami-based South Motors/Vista Motors on the sale of its nine dealerships and two collision centers to Morgan Automotive Group. Given their exceptional level of profits and highly sought-after location in South Florida, it is believed that the values paid for Vista BMW and South Honda exceeded any previous values paid for those franchises. South Motors/Vista Motors is among the most valuable dealership groups ever purchased.

Haig Partners LLC, the leading buy-sell advisory firm to higher-value auto dealers, served as the exclusive sell-side advisor to Team Automotive Group on the sale of Team Chevrolet GMC Boone to Keffer Automotive Group of Charlotte, NC.

Haig Partners LLC, a leading buy-sell advisory firm to higher-value auto dealers, served as the exclusive sell-side advisor to Vic Bailey III and his family on the sale of Vic Bailey Automotive, located in Spartanburg, SC, to Hudson Automotive Group. The sale included all five of Vic Bailey Automotive’s dealerships, including Vic Bailey Honda, Subaru, Ford-Lincoln, Mazda, and Volkswagen.

Haig Partners LLC served as the exclusive sell-side advisor to Rod McGeorge on the sale of McGeorge Toyota, ranked the #4 volume franchise dealer in the state of Virginia, to Graham Ourisman Automotive.

Haig Partners LLC released its closely followed Haig Report® for Q2, which tracks trends in auto retail and their impact on dealership values.

Haig Partners LLC served as the exclusive sell-side advisor on the sale of Bob Rohrman Subaru of Lafayette, and Rohrman Subaru of Fort Wayne, Indiana, to Zeigler Automotive Group, based out of Michigan.

Haig Partners LLC served as the exclusive sell-side advisor on the sale of BMW of Bridgeport, located in Connecticut, to Mauro Motors.

Haig Partners LLC served as the exclusive sell-side advisor on the sale of the #2 highest-volume Toyota dealership in the nation, Al Hendrickson Toyota, located in Coconut Creek, Florida, to Morgan Automotive Group. The sale of Al Hendrickson Toyota sets a record for the highest blue sky value ever paid for a single dealership, regardless of franchise.

Haig Partners LLC released its closely followed Haig Report® for Q1 2023, which tracks trends in auto retail and their impact on dealership values.

Haig Partners LLC released its closely followed Q4 2022 Haig Report, which tracks trends in auto retail and their impact on dealership values.

Haig Partners LLC served as the exclusive sell-side advisor to Penske Automotive Group, Inc. (NYSE: PAG) on the sale of its Marin Honda dealership located in San Rafael, CA.

Haig Partners LLC served as the exclusive sell-side advisor to Jack and Robin Salzman on the sale of their Lake Norman Chrysler-Dodge-Jeep-RAM and Gastonia Chrysler-Dodge-Jeep-RAM dealerships in North Carolina to the Parks Automotive Group. Parks Automotive Group owns 13 dealerships in North Carolina, South Carolina and Virginia and is led by President Adam Parks. The sale of Lake Norman Chrysler-Dodge-Jeep-RAM is believed to set a record for the highest-value Chrysler-Dodge-Jeep-RAM dealership ever to trade hands.